BMO Segregated Funds Monthly Update - April 12, 2022

Please find in this April edition of the BMO Segregated Funds Monthly update:

• Review of This Week in the Markets from BMO GAM
• Do you have clients who are unhappy with GIC rates and looking for 100% capital preservation of their funds on death?  Check out the BMO Balanced ETF Portfolio GIF 75/100 vs GIC Pager (client friendly)  
• BMO GIF Performance Summary – March 31, 2022
• Is the recent market rebound likely to hold? What is the impact of recent developments in the Russia-Ukraine conflict? BMO Chief Investment Officer Sadiq S. Adatia discusses these timely topics and more in his weekly column, #ThisWeekWithSadiq.
  • Read more: Equity Recovery, Russia-Ukraine, Canadian Dollar – This week with Sadiq!

Please find the latest version of This Week in the Markets.

• The S&P 500 Index fell 1.3%. Long-duration assets were brutally punished as treasury yields surged to multi-year highs, as the markets rapidly adjusted to an increasingly hawkish Federal Reserve. The 10-year treasury yield was up 32 bps as long-term bonds suffered. For equities, dividend-centric and low volatility strategies outperformed while high beta stocks bore the brunt of the pain.
• The S&P/TSX Index fell 0.4%. Once again, the TSX’s resource tilt helped arrest declines as the Materials and Energy sectors outperformed. Treasury yields were also sharply higher with the Bank of Canada widely expected to raise rates again in this week’s policy meeting (likely 50 bps). The FTSE Canada Universe Bond Index suffered as investors were forced to reprice bonds in the face of more aggressive central bank hikes.
• Global equities were mixed, as Europe’s STOXX 600 Index added 0.6%, Japan’s Nikkei 225 Index fell 2.5%, while China’s CSI 300 Index lost 0.9%.