As the world continues to grapple with COVID-19, global equity markets staged a stunning comeback in the second quarter. The Canadian stock market booked its best quarter since 2009, European shares enjoyed their best quarter in five years, and the S&P 500 Index posted its largest quarterly percentage gain since 1998.
In this issue of From the Desk of the CIO, Ian Hardacre shares his views on the current equity markets. Ian also discusses the importance of active management and how a good asset allocation practice can improve a portfolio’s risk-return profile.
![Read Ian's article](https://cta-image-cms2.hubspot.com/ctas/v2/public/cs/il/?pg=1cd30408-9c7b-4155-95b6-6094c8d13f5b&pid=322854&ecid=&hseid=&hsic=false)