Canadian and global equities rallied in the first quarter
Fourth-quarter losses for DB plans reversed gains from the rest of the year
The firm is taking over as custodian to three liquid alt funds Picton Mahoney added to its lineup in late September
Defined-benefit plans gained a 2.2% total return in Q2, up from just 0.2% in Q1
Canadian material and energy sectors’ outperformance offset “a quarter of sustained market volatility and economic uncertainty globally”
Global equities continued to be the top performing asset class
Real estate and infrastructure are preferred choices for DB funds looking to combat lagging funding levels
RBC Dexia being rebranded RBC Investor Services
Bonds were the underperformers in the first quarter
Canadian and foreign equities move backwards; bonds provide support