Resources revival fuels Canadian small-cap segment

Mackenzie's Scott Carscallen looks to ETFs for gold exposure.

Sonita Horvitch 5 October, 2016 | 5:00PM

Scott Carscallen, vice-president and portfolio manager at Mackenzie Investments, says that the stellar performance of Canadian small-cap stocks so far this year largely reflects the heavy weighting of natural resources in the small-cap universe.

A specialist in small-cap stocks and a value manager, Carscallen points to the performance of the S&P/TSX Small Cap Index to the end of August. This benchmark produced a total return of 30.2% in the first eight months of the year and 22.7% in the 12 months to Aug. 31.

"With these strong results, Canadian small-caps were able to handily outperform their larger-cap counterparts," Carscallen notes. For the first eight months of this year, the S&P/TSX Composite Index, by contrast, had a total return of 14.4%, and 8.7% for the 12 months to Aug. 31.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Canadian Western Bank23.05 CAD0.92
Clearwater Seafoods Inc5.40 CAD1.69
Crew Energy Inc0.30 CAD0.00
Killam Apartment Real Estate Investment Trust17.20 CAD0.64
NuVista Energy Ltd0.76 CAD-2.56

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Sonita Horvitch

Sonita Horvitch  

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