Investment News June 2016

The Kelland Portfolio Management Group

June 1, 2016

Dear Valued Clients:

We are pleased to provide our June 2016 newsletter (CLICK HERE) for your review.

You will notice a change in the format of our monthly Investment News, which we hope you will find appealing. As always, we welcome your thoughts and comments.

I am very pleased to see that client accounts are performing well, after starting the year in very difficult territory.  Since January 20 the TSX index has gained roughly 20.0%. So after a two-year low in the winter, the TSX has now experienced four consecutive months of gains, the best string of strong months since April 2014. Although the Canadian market recovery has been led by a much needed rebound in energy and materials stocks, the overall index strength has been supported by gains in all sectors, which is very good news.

I and my Team extend our best wishes for a delightful month of June.