By Scott Ronalds

It was an active spring in the capital markets, characterized by a spike in volatility, a run-up in bond yields and a dive in gold and mining stocks. Canadian markets had a rough quarter: the bond market (DEX Universe Bond Index) fell 2.4% - its worst quarterly decline in nearly two decades - and the stock market (S&P/TSX Composite Index) lost 4.1%. Global markets fared better, on balance, with many Japanese and U.S. stocks posting strong gains.

Our funds fared reasonably well in the quarter, all things considered. Although our Income Fund turned it its first quarterly loss in quite some time, our equity funds gained ground, led by our Global Fund, and are up nicely in 2013.

In this podcast, we review how the volatility and higher bond yields impacted our funds and highlight some of the key takeaways from our Quarterly Report.

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