2 July 2012

Investment commentary (June 2012)

MAY HIGHLIGHTS Macro-economic concerns drove capital market results, with the main culprits being: o Europe’s continuing sovereign debt problems o China’s slowing economic growth o Weaker than hoped U.S. economic data Investor anxiety rose sharply Risk assets (commodities and equities) sold-off Government of Canada 10-yr bond yields fell to 60 year lows. View the full article: