Financial markets at a glance – September 30, 2022

 

FINANCIAL MARKETS
AT A GLANCE

 

SEPTEMBER 30, 2022

Canadian equities were mostly negative, while U.S. equities were mixed over the quarter. Yields rose through the quarter. Government bonds outperformed corporate bonds, and short term bonds outpaced long term bonds. Here are the financial markets at a glance.

 

 

CANADIAN EQUITIES

 

U.S. EQUITIES

 

 

Sector
7 of the 11 Canadian equity sectors ended the quarter in negative territory. Here are the best and worst performing sectors relative to last quarter.

 

Sector
5 of the 11 U.S. equity sectors ended the quarter in negative territory. Here are the best and worst performing sectors relative to last quarter.

 

WORST PERFORMERS

BEST PERFORMERS

Industrials

 

Consumer
Discretionary

Materials

4.3%

4.2%

2.5%

Communication
Services

Real Estate

Health Care

-8.7%

-6.4%

-6.2%

 

Consumer
Discretionary

Energy

11.2%

9.0%

Communication
Services

Real Estate

-7.0%

-5.2%

 

 

Company size performance comparison 
Medium sized companies modestly outperformed small companies, while large companies were negative over the quarter.

 

Company size performance comparison 
Small and medium companies were positive, with small companies outperforming the most. Large companies were flat.

 

 

 

 

 

What’s working/What’s not working

From a style perspective, growth was positive, outperforming both value and the index.
All factors and the index were negative this quarter, but quality and momentum outperformed the index while dividends trailed.

 

What’s working/What’s not working

Growth and value were both positive, with growth outperforming the index in the quarter.
Factors were mixed this quarter, with momentum outperforming the index while dividends trailed.

 

 

 

GLOBAL EQUITIES

 

FIXED INCOME

 

 

 

Regional
 

Company size performance comparison 
Global large companies were flat over the quarter, while small companies were negative.

 

Large Companies
Small Companies

What’s working/What’s not working

From a style perspective, growth ended the quarter positive, outperforming value and the MSCI World Index.
Momentum was the factor that outperformed the index, while other factors were negative, with dividends underperforming the most.

 

Yields rose this quarter, with short term bond yields rising more than long term yields. 

Relative bond performance 

 

   Bond yield 

 

Bond yields were up with both shorter and longer date bond yields increasing over the quarter.

Yield on the Canada 2-year rose from 3.10% to 3.79%.
Canada 5-year rose from 3.10% to 3.32%.
Canada 10-year fell from 3.23% to 3.16%.
Canada long bond fell from 3.14% to 3.09%.

 

 
 
 

 
 
 

 
 
 

 
 
 

 
 
 

 

Source: Morningstar Research Inc. as of September 30, 2022. © 2022 Morningstar Research Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. 

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September 2022