Loading...

BLOG

 

  Back to Blog
Canterbury Outsourced CIO: Third Quarter 2018 Commentary
October 17, 2018

Every quarter, Canterbury's Outsourced CIO committee shares their observations of the market that impact the management of our discretionary portfolios in the Canterbury OCIO Review.

For most of 2018, news of trade wars and tariffs dominated headlines. Concern about the impact that the swelling number of tariffs can have on the price of U.S. exports and imports, and the further implications for global trade, has been one reason for higher volatility in equity markets. At the same time, however, the U.S. equity markets have continued to climb, with the S&P 500 up 10.6 percent for the three quarters ending September. Perhaps the economic drag from tariffs could be trumped by the corporate tax cuts, repatriation of corporate cash, and increased government spending that are part of the $1.5 trillion U.S. fiscal stimulus package introduced at the beginning of 2018. Per the Commerce Department, U.S. GDP grew 4.2 percent in the second quarter and is estimated to grow at an annualized rate of 3.6 percent for the third quarter.

Access the Canterbury OCIO Review: Third Quarter 2018



Ms. Parekh is a member of the Board of Directors, a shareholder of Canterbury, and directs the Canterbury Outsourced CIO platform, which caters to institutions and private clients who wish to outsource day-to-day management of their portfolios to Canterbury. In that role, Ms. Parekh is the chair of the Canterbury Outsourced CIO Committee and a member of each of the firm’s five Manager Research Committees. She joined Canterbury in 1996 as the manager of analytics with responsibility for directing the firm’s account analysts and client services group. In that role, Ms. Parekh secured many of the asset allocation modeling and research software tools we use today. In 2001, she became the director of manager research, responsible for oversight of all manager, fund, and product research; maintenance of Canterbury’s proprietary research database; and chairing the Investment Manager Research Committee. Ms. Parekh graduated from the University of Hong Kong with a Bachelor of Arts in economics. She completed her Master of Business Administration at Shenandoah University.