INVESTING CONCEPT




   Market returns over time
   Since 1948, the S&P/TSX has provided positive returns two-thirds of the time.
   In the chart, annual returns were plotted year by year within respective ranges which resulted
   in a fairly normal distribution or statistically what is referred to as a bell curve, with most
   returns hugging the 0 to 10% range.
   The year 2008 saw a decrease of 33%. In contrast, the year 2009 saw the pendulum swing
   completely the other way, with the TSX returning 35%.
   Generally, negative returns tend to be followed by positive returns.


                                                                       S&P/TSX Composite Price Index 1948-2009



                                                                                                                    2007
                                                                                                                    2000                                            2005
            Positive Years: 43 (69%)
                                                                                                                    1991                                            2003
            Negative Years: 19 (31%)                                                                                1988                    2006                    1999
                                                                                          1998                      1987                    2004                    1996
                                                                                          1994                      1986                    1997                    1993
                                                                                          1992                      1982                    1995                    1985
                                                                                                                                                                                       1 Year ended
                                                                                          1984                      1977                    1989                    1980              December 2009
                                                                  2002                    1973                      1976                    1975                    1978
                                                                  2001                    1970                      1971                    1968                    1972                     2009
                                                                  1990                    1969                      1965                    1967                    1964                     1983
           1 Year ended
          December 2008                                           1981                    1960                      1959                    1963                    1958                     1979
                                         1974                     1966                    1953                      1956                    1951                    1955                     1961
                2008                     1957                     1962                    1952                      1948                    1949                    1954                     1950
               -40 to -30               -30 to -20              -20 to -10                -10 to 0                 0 to 10                 10 to 20                20 to 30                 30 to 40
                                                                                         Percentage Price Return




                                                                                                                                                                 Source: Investors Group Portfolio Analytics

   Investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm) and Investors Group Securities Inc. (in Québec, a firm in Financial Planning).
   Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund.
   Written and published by Investors Group as a general source of information only. It is not intended as a solicitation to buy or sell specific investments, nor is it intended to provide tax, legal or investment
   advice. Readers should seek advice on their specific circumstances from an Investors Group Consultant.
 ™ Trademark owned by IGM Financial Inc. and licensed to its subsidiary corporations.
   “Market returns over time” © Investors Group Inc. 2010 C3595 (01/2010)

Market returns over time

  • 1.
    INVESTING CONCEPT Market returns over time Since 1948, the S&P/TSX has provided positive returns two-thirds of the time. In the chart, annual returns were plotted year by year within respective ranges which resulted in a fairly normal distribution or statistically what is referred to as a bell curve, with most returns hugging the 0 to 10% range. The year 2008 saw a decrease of 33%. In contrast, the year 2009 saw the pendulum swing completely the other way, with the TSX returning 35%. Generally, negative returns tend to be followed by positive returns. S&P/TSX Composite Price Index 1948-2009 2007 2000 2005 Positive Years: 43 (69%) 1991 2003 Negative Years: 19 (31%) 1988 2006 1999 1998 1987 2004 1996 1994 1986 1997 1993 1992 1982 1995 1985 1 Year ended 1984 1977 1989 1980 December 2009 2002 1973 1976 1975 1978 2001 1970 1971 1968 1972 2009 1990 1969 1965 1967 1964 1983 1 Year ended December 2008 1981 1960 1959 1963 1958 1979 1974 1966 1953 1956 1951 1955 1961 2008 1957 1962 1952 1948 1949 1954 1950 -40 to -30 -30 to -20 -20 to -10 -10 to 0 0 to 10 10 to 20 20 to 30 30 to 40 Percentage Price Return Source: Investors Group Portfolio Analytics Investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm) and Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Written and published by Investors Group as a general source of information only. It is not intended as a solicitation to buy or sell specific investments, nor is it intended to provide tax, legal or investment advice. Readers should seek advice on their specific circumstances from an Investors Group Consultant. ™ Trademark owned by IGM Financial Inc. and licensed to its subsidiary corporations. “Market returns over time” © Investors Group Inc. 2010 C3595 (01/2010)