{"id":11253,"date":"2024-03-02T11:31:25","date_gmt":"2024-03-02T16:31:25","guid":{"rendered":"https:\/\/www.batirente.com\/?p=11253"},"modified":"2024-03-04T13:59:02","modified_gmt":"2024-03-04T18:59:02","slug":"our-funds-at-a-glance-q4-2023","status":"publish","type":"post","link":"https:\/\/www.batirente.com\/en\/our-funds-at-a-glance-q4-2023\/","title":{"rendered":"Our funds at a glance"},"content":{"rendered":"

B\u00e2tirente\u2019s Investment Strategy Manager, Jean-Fran\u00e7ois Dumais*, provides these economic highlights for 2023.<\/p>\n

Economy<\/h3>\n

Inflation<\/strong>
\nCentral bank interest rate hikes had an impact on global inflation growth, which closed the year at around 3%\u2014far below the 8.1% peak reached in the summer of 2022.<\/p>\n

Key interest rates<\/strong>
\nThese central bank interest rate hikes have ended, and market players anticipate several rate cuts in 2024. However, it\u2019s hard to know when these will take place, since inflation still hovers above the 2% target of North American central banks. The goal is to avoid having inflation rise again in the event of rapid, large-scale cuts.<\/p>\n

Recession<\/strong>
\nRates that remain high for an extended period could bring on a recession. We\u2019re already seeing a slowdown in economic growth across the country. Canada is likely headed for a recession, but one that will probably be milder given the positive job market. Year-on-year growth in gross domestic product (GDP) was 0.9%, compared with 4.6% in the summer of 2022.<\/p>\n

Markets<\/h3>\n

Positivity<\/strong>
\nAnticipation of a rate cut by central banks in 2024 led to positivity in financial markets. The all-country equity index recorded a return of 18.9% (in Canadian dollars); the global small cap equity index posted a performance of 12.6% (in Canadian dollars); and Canada\u2019s main index (S&P\/TSX) achieved returns of 11.8%. The FTSE Canadian Universe Bond Index had a 6.6% return.<\/p>\n

B\u00e2tirente Funds\u2019 performance<\/h3>\n

B\u00e2tirente Diversified Funds: between 8.1% and 11.2% (from least risky to most risky)
\nTreasury Multi: 5.9%
\nBond Multi: 8.0%
\nGlobal Equity Multi: 12.1%
\nCanadian Equity Multi: 12.4%
\nGlobal Small Cap Equity Multi: 13.7%<\/p>\n

2024 outlook<\/h3>\n

Balance<\/strong>
\nCentral banks\u2019 robust strategies in 2022 and 2023 were successful and helped restore investor confidence. For 2024, the right balance will need to be found between economic growth and inflation.
\nCutting rates too quickly could kick-start inflation again, while cuts made too slowly could create a major recession.<\/p>\n

To learn more about B\u00e2tirente Funds and get updated performance information, see the\u00a0B\u00e2tirente Funds<\/a>\u00a0of our website.<\/p>\n

*Jean-Fran\u00e7ois Dumais has worked as an Investment Strategy Manager at B\u00e2tirente since 2019. Along with a Master of Business Administration (MBA) degree (Finance specialization), he has 20 years\u2019 experience in financial markets.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

B\u00e2tirente\u2019s Investment Strategy Manager, Jean-Fran\u00e7ois Dumais, provides these economic highlights for 2023.<\/p>\n","protected":false},"author":3,"featured_media":11564,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-11253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-your-money"],"acf":[],"yoast_head":"\nOur funds at a glance - B\u00e2tirente<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.batirente.com\/en\/our-funds-at-a-glance-q4-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our funds at a glance - 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