The University of British Columbia
UBC - A Place of Mind
The University of British Columbia
UBC Faculty Pension Plan
  • Home
  • Overview
  • Investments
    • Investment Education
    • Investment Options
    • Investment Fund Updates
    • Investment Performance
    • Managing Your Investments
    • Market Commentary
    • FPP Investment Bulletin
  • Life Events
    • Changing Your Address or Personal Information
    • Leaving UBC
      • Transfer to Other Registered Plans (RRSP/RRIF/LIRA/RPP)
    • Retiring
      • LIF Minimum & Maximum Annual Withdrawal Limits
      • Living Outside Canada
      • Receive UBC FPP LIF-Type Payments
    • Marriage, Common Law, Separation, & Divorce
    • Changing Jobs at UBC
    • Leaves of Absence
    • Living Outside Canada
    • Designating Your Beneficiary
    • Power of Attorney & Third Party Authorization
    • In the Event of Your Death
  • Plan Governance
    • Governance Policies & Documents
    • Board of Trustees
    • Service Providers
    • Annual Reports & Financial Statements
  • Forms & Resources
    • UBC Faculty Pension Plan FAQs
    • Plan Guides & Information Sheets
    • Financial Calculators
    • Forms
    • Presentations
    • Videos & Webcasts
    • Helpful Links
  • News & Events
    • Latest News & Events
    • Plan Newsletters
    • Upcoming Pension Seminars
    • Market Commentary
  • Contact Us
    • Contact Member Services
    • Where to Find Us
    • UBC Pensions Executive & Administration
  • my Sun Life Login
Home > market commentary

market commentary

Click to enlarge image

Market Commentary – First Quarter 2025

April 30, 2025

The following market commentary is courtesy of the Plan’s Canadian Equity investment manager, Connor, Clark & Lunn Investment Management. The first quarter of 2025 was characterized by a high degree of uncertainty due to escalating trade tensions. The strategy of the Trump administration appeared to cultivate instability. Although many tariff announcements were primarily threats and […]

Market Commentary – Second Quarter 2024

July 30, 2024

The following market commentary is courtesy of the Plan’s Canadian Equity investment manager, Connor, Clark & Lunn Investment Management. During the quarter, economic releases pointed to a generally resilient pace of activity in the US economy, although there was clear evidence of slowing momentum. Some economic data was weaker with downside surprises relative to market […]

Third Quarter 2023 Market Commentary

November 7, 2023

Read the Q3 2023 Market Commentary for an update on current market conditions.  

Market Commentary – Second Quarter 2022

August 19, 2022

Financial markets remained turbulent throughout the second quarter of 2022, as inflationary pressures (the highest in 40 years) and the prospect for more aggressive interest rate hikes continued to weigh on investor sentiment. Monetary policymakers aggressively stepped up their tightening measures in an attempt to prevent inflation (thought of as “transitory” just six months earlier) […]

Market Commentary – Fourth Quarter 2021

February 15, 2022

The global economic recovery continued in the fourth quarter of 2021, but at a slower pace and with emerging distinctions between industries. Notably, energy prices continued to push higher, extending the energy sector’s winning streak and putting those in the “inflation is transitory” camp – not to mention managers of fossil fuel free funds – […]

Market Commentary – Third Quarter 2021

November 8, 2021

China dominated the capital market news cycle in September, sending markets sharply lower following two months of strong gains. Default risk – with global implications – surfaced at Evergrande, China’s second largest real estate company. The ruling Communist party also cracked down on cryptocurrency use, and, more broadly, businesses and capital market activity via sweeping […]

Market Commentary – Second Quarter 2021

August 10, 2021

The pervasive capital market chatter thus far in 2021 has centered on inflation. The debate is not whether inflation exists – it certainly does – but rather the expected duration of these official 3% to 4% annualized Consumer Price Index prints. “Transitory” is the buzz word for one camp, whereas others see rising prices as […]

Market Commentary – First Quarter 2021

May 12, 2021

In his 2004 book, The Misbehavior of Markets, mathematician and inventor of fractal geometry Benoit Mandelbrot succinctly illustrates how market crashes happen more frequently than modern portfolio theory would suggest. We expect volatility from the equity market, but some of the precipitous declines experienced by investors over the past three decades are just not supposed […]

Investment Update Presentation from Dec 3, 2020 – Recording and Q&A

January 14, 2021

On Thursday December 3, 2020, the FPP held an online investment update presentation. Kamila Giesbrecht, Executive Director, Investments, provided an update on the Plan’s investments and review of how the funds performed in 2020, followed by a brief question period. If you weren’t able to attend, you may view the recorded presentation here. Not all […]

News & Events

May 01, 2025

2024 Annual Report & Financial Statements

Mar 26, 2025

Register for the Pension Forum: May 7, 2025

Dec 02, 2024

Faculty Pension Plan Update Newsletter – December 2024

Nov 20, 2024

Canada Post Service Disruption

Aug 22, 2024

Pension Office Closure – Tuesday, August 27

View All News & Events

Recent FPP Plan Newsletters

Access Plan Newsletter Archive

UBC Pension Administration Office
201 - 2389 Health Sciences Mall
Vancouver, BC Canada V6T 1Z3
Tel 604 822 8100
Fax 604 822 9471
Website faculty.pensions.ubc.ca
Back to top
The University of British Columbia
  • Emergency Procedures |
  • Terms of Use |
  • Copyright |
  • Accessibility