{"id":18035,"date":"2025-01-14T13:50:57","date_gmt":"2025-01-14T18:50:57","guid":{"rendered":"https:\/\/www.batirente.com\/?p=18035"},"modified":"2025-07-15T10:22:07","modified_gmt":"2025-07-15T14:22:07","slug":"https-www-batirente-com-en-our-funds-at-a-glance-q4-2024","status":"publish","type":"post","link":"https:\/\/www.batirente.com\/en\/https-www-batirente-com-en-our-funds-at-a-glance-q4-2024\/","title":{"rendered":"Our funds at a glance – 2024 Highlights"},"content":{"rendered":"

B\u00e2tirente\u2019s Investment Strategy Manager, Jean-Fran\u00e7ois Dumais*, provides these economic and markets highlights for 2024.<\/strong><\/p>\n

2024 ECONOMY<\/h3>\n

Inflation
\n<\/strong>As of November 30, 2024, inflation is at 1.9% in Canada (it was at 8.1% at its peak in the summer of 2022). In the United States, it was 2.7% at the same date.<\/p>\n

Key interest rates
\n<\/strong>Since June 2024, the Bank of Canada has lowered its key interest rate by 0.25% on three occasions, and twice by 0.50%, causing it to decrease from 5.0% to 3.25%. Further decreases are expected in 2025, although the Bank of Canada will surely want to avoid having inflation rise again if rates drop too drastically and quickly.<\/p>\n

In the US, the Fed (US Federal Reserve) brought its key interest rate down twice by 0.25% and once by 0.50%, i.e., from 5.5% to 4.5%. This rate is expected to drop only once in 2025 due to economic growth, which remains strong, and the potentially inflationary economic measures that the new president intends to implement.<\/p>\n

Recession or no recession?
\n<\/strong>We\u2019ve already seen a slowdown in Canada\u2019s economic growth. Year-on-year growth in gross domestic product (GDP) was 1.9%, compared with 4.6% in the summer of 2022. If a recession were to hit Canada, it would likely be milder given the significant Canadian population growth, which helps stimulate the economy. What’s more, the rate-cutting cycle will probably help Canada\u2019s economy.<\/p>\n

Turning to the US, economic growth is still robust, with a 3.1% rise in gross domestic product (GDP). That\u2019s why the rate-cutting cycle there started 3 months behind of Canada\u2019s and a recession is quite unlikely to happen in 2025.<\/p>\n

2024 MARKETS<\/h3>\n

Equities
\n<\/strong>The economic conditions described above led to very positive results.<\/p>\n

The all-country equity index performed extremely well, with a 28.1% yield (in Canadian dollars), which is mainly attributed to the outstanding returns by US equities related to artificial intelligence (the Magnificent Seven). Similarly, Canada\u2019s main index (S&P\/TSX) posted a stellar return of 21.7%.<\/p>\n

Bonds
\n<\/strong>We watched as short-term bond yields declined due to an easing (key rate cut) by central banks and fears of economic slowdowns. In response, the FTSE Canada Universe Bond Index had a positive return of 4.2%.<\/p>\n

B\u00c2TIRENTE FUNDS\u2019 PERFORMANCE IN 2024<\/h3>\n

B\u00e2tirente Diversified Funds: between 8.8% and 16.6% (from least risky to most risky)
\nTreasury Multi Fund: 6.3%
\nBond Multi Fund: 4.6%
\nGlobal Equity Multi\u00a0Fund: 22.6%
\nCanadian Equity Multi Fund: 21.7%
\n<\/strong>Global Small Cap Equity Multi\u00a0Fund: 11.8%<\/p>\n

2025\u00a0OUTLOOK<\/h3>\n

Balance
\n<\/strong>The market is predicting several more central bank cuts this year, driving investors to expect the right balance to be struck between economic growth and inflation.<\/p>\n

However, the impending arrival of a new American president might bring considerable volatility to the various asset classes.<\/p>\n

More than ever, having a portfolio diversification strategy\u2014as B\u00e2tirente funds can provide you with\u2014is crucial under these market conditions.<\/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 over 20 years\u2019 experience in financial markets.<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

B\u00e2tirente\u2019s Investment Strategy Manager, Jean-Fran\u00e7ois Dumais, provides these economic and markets highlights for 2024.<\/p>\n","protected":false},"author":12,"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-18035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-your-money"],"acf":[],"yoast_head":"\nOur funds at a glance - 2024 Highlights - 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\/https-www-batirente-com-en-our-funds-at-a-glance-q4-2024\/\" \/>\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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