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2021 Mid-Year Investment Outlook

What building back better means for economies and markets
13 August 2021
    Download the full reportPDF, 7.77MB

    So far this year, the global economy has been in a ‘restoration phase’

    The story of the first half of 2021 boils down to a continued and impressively-fast recovery for the economy and corporate profits – especially in the US – driven by the vaccine rollout, policy support, and rising confidence.

    In financial markets, that has meant simultaneously higher bond yields and equity prices.


    Commissions, trailing commissions, management fees, investment management fees and expenses all may be associated with mutual fund investments. Please read the prospectus and Fund Facts before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other government deposit insurer or financial institution. The net asset values of all mutual funds, including the Funds, change frequently and any past performance may not be repeated. For money market funds, there can be no assurances that such funds will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Read more