Twenty of the 44 fund Morningstar Research Inc. indices increased during November, including all indices that track Canadian or U.S. equity categories. U.S. equity and U.S. Small/Mid Cap equity were the top-performing regionally based equity categories for the month, with their fund indices increasing 3.9 per cent and 5.1 per cent, respectively. The S&P 500 Index had fallen approximately two per cent in the days leading up to the U.S. election on November 8, but following the victory by Republican candidate Donald Trump, the U.S. stock index rebounded to reach record highs by the end of November, producing a total return of 3.7 per cent. All five Canadian stock categories had positive results in the month.
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