Yorkville Asset Management

March Market Update

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A few key developments from March:

  • Concerns around the Trump administration’s tariff path have heightened market volatility, with a further sell-off following official announcements in early April.

  • The NASDAQ dropped over 8% in March, with Technology and Consumer Discretionary sectors underperforming. Canadian equities were more resilient, buoyed by strength in Energy and Materials. Defensive sectors like Utilities and Healthcare gained traction.

  • Fixed income saw modest declines as widening credit spreads signals growing caution, even as U.S. 10-year yields held steady.