Portfolio returns: Q2 2026
| Total Return | 1M | 3M | YTD | 1YR | 3YR | 5YR | 10YR | Since Inc. July 12, 2013 |
IG Core Portfolio – Growth F | 2.61
| 12.92
| 12.71
| 24.03
| 19.57
| 12.04
| 11.31
| 11.04
|
Quartile rankings | 2 | 3 | 2 | 2 | 2 | 2 | 2 |
IG Core Portfolio – Growth Series F
Q2 commentary 2026
Highlights
① The portfolio rose over the period, with positive contributions coming from all of the component funds and pools, led by the large-cap U.S. equity components.
② Emerging markets and Asian equities delivered the strongest returns, each gaining more than 26% during the quarter.
③ Large-capitalization U.S. equities contributed the most to total return.
Portfolio Overview
The IG Core Portfolio – Growth rose by 12.92% over the second quarter of 2026 and underperformed its Global Equity peer group median (14.0%).The portfolio benefited most from gains in its large-cap U.S. equity components.
The best-performing portfolio components by return were the JPMorgan-IG Emerging Markets Pool II and the IG Mackenzie Pan Asian Equity Fund, which returned 26.55% and 26.5%, respectively. The large-cap U.S. equity components were the most significant contributors to overall return. The Mackenzie-IG U.S. Equity Pool and the T. Rowe Price-IG U.S. Equity Pool generated returns of 15.96% and 13.69%, together contributing approximately 6.11 percentage points to the portfolio’s total return, as together they represent over 41% of the portfolio.
The BlackRock-IG Active Allocation Pool IV, at approximately 10.5% of the portfolio, returned 12.32% and was the third-largest contributor to overall return. The IG Mackenzie Pan Asian Equity Fund returned 26.5% and, despite its moderate weight of approximately 5%, contributed 1.24 percentage points to overall performance. The IG Mackenzie European Equity Fund also contributed meaningfully, returning 11.32% and contributing approximately 0.94 percentage points. The Fidelity-IG Canadian Equity Pool and the Mackenzie-IG Canadian Equity Pool also added positively, returning 7.89% and 7.14%, respectively.
Market overview: earnings strength helped markets absorb uncertainty
The second quarter of 2026 reinforced the resilience of financial markets. Investors faced conflict in the Middle East, commodity-price volatility, shifting interest-rate expectations and renewed inflation concerns, yet global equities continued to advance as corporate earnings and economic activity remained stronger than expected. The S&P 500 gained 14.9% in U.S.-dollar terms for the quarter, while the S&P/TSX Composite Index advanced 6.4%, supported by healthier earnings expectations and improving market breadth.
Canadian equities were led by a strong rebound in financials, as better-than-expected bank earnings, resilient credit quality and improved capital markets activity lifted sentiment. U.S. equities were supported by earnings strength rather than a simple risk-on rally, with Information Technology leading as AI infrastructure spending continued to anchor sentiment. International equities also contributed meaningfully, with emerging markets Korea and Taiwan benefitting from demand across the global technology supply chain.
Market outlook: easing cycle creates supportive backdrop.
Markets enter the second half of 2026 on a constructive footing. The first half demonstrated that headline risks, including conflict in the Middle East, inflation concerns and commodity price volatility, can create uncertainty without derailing markets, when economic and corporate fundamentals remain intact. Corporate earnings remain the primary support for equities. Manufacturing activity continues to expand, consumer spending has proven resilient, and global trade has improved, providing a favourable backdrop for earnings growth. We expect those trends to continue into the second half of the year. Valuations are less forgiving after a strong first half, and seasonal weakness, U.S. mid-term elections and shifting rate expectations could create periods of volatility. However, we view those setbacks as opportunities rather than a change in trend. Diversification continues to reward investors. A focus on quality and fundamentals, not headlines, has led to better outcomes.
To discuss your investment strategy, speak to your IG Advisor.
Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus and speak to an IG Advisor before investing. The rate of return is the historical annual compounded total return as of June 30, 2026, including changes in value and reinvestment of all dividends or distributions. It does not take into account sales, redemption, distribution, optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, values change frequently and past performance may not be repeated. Mutual funds and investment products and services are offered through the Mutual Fund Division of IG Wealth Management Inc. (in Quebec, a firm in financial planning). And additional investment products and brokerage services are offered through the Investment Dealer, IG Wealth Management Inc. (in Quebec, a firm in financial planning), a member of the Canadian Investor Protection Fund.
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