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Investment Event - Recovery trade stumbles

Recent weeks have seen the recovery trade stumble with Treasuries rallying and value stocks underperforming
13 July 2021
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    Recovery trade stumbles

    Recent weeks have seen the recovery trade stumble with Treasuries rallying and value stocks underperforming

    There is no one obvious reason for this, with global growth concerns and technical factors possibly contributing to market moves

    The US economic outlook remains consistent with a higher level of Treasury yields and some outperformance in value stocks 

    Natural constraints to higher bond yields mean that equity valuations remain relatively attractive

    Disclaimer

    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