Investment News April 2016

The Kelland Portfolio Management Group

April 1, 2016

Dear Valued Clients:

We are pleased to attach our April Investment News update letter (CLICK HERE) and also pleased that we have seen a very strong month of performance in our accounts in March.

Canadian stocks experienced their best one month advance since October 2011 – that’s almost four and one-half years – as the TSX turned positive for the 2016 year and also achieved a 5% increase in the month of March.  For the first quarter of 2016, the TSX was the best-performing stock index of any developed world stock market – on the globe!  Not only that, but a stock that many clients hold in their accounts – The Bank of Nova Scotia – was the leading individual stock performer in the TSX index for the first quarter.  Preferred share markets also made a positive turn in March.

We are very pleased that our clients’ patience has been rewarded so far in 2016.