DGAM Market Review 2025 Q4 & April 2026 Guarantee Advantage Campaign

Desjardins Global Asset Management released their market review for Q4 of 2025 (please see full market review attached).

Summary

Financial markets ended 2025 on a positive note despite a backdrop of persistent uncertainty. Global growth continues to show resilience, supported by fiscal stimulus, strong AI related investment momentum and sustained investor optimism. Nonetheless, several factors call for caution: lingering inflationary pressures in the U.S., a shift toward tighter monetary policies in some regions, elevated equity valuations and ongoing geopolitical risks.

In Canada, economic conditions remain volatile, but monetary easing and higher federal investment spending should help support activity in 2026. Canadian equities continued to benefit from a rotation into cyclical sectors. International and emerging markets also performed well, despite historically high valuations.

In this environment, DGIA maintains a disciplined stance focused on quality holdings and a balanced positioning, aiming to capture opportunities created by fiscal and technological momentum while managing the heightened risks.

Regarding Guarantee Advantage, there is just over one month left for deposits into the April 2026 Guarantee Advantage campaign. The deadline for deposits in the current campaign is March 18^th.