2018 Genus Quarterly Review Q3

The past quarter saw the US market outperform the rest of the world. Canada especially lagged behind as internal issues and trade tensions dampened investors confidence. We have continued to move to a more defensive stance, favouring cash and defensive sectors, as monetary policy signals continue to deteriorate through the quarter.  We are closely monitoring the US Federal Reserve’s actions and political tensions, especially in Europe, and are preparing for a long drawn out trade war.