The S&P/TSX Composite was one of the worst performing major indexes this year, dropping 10% but that doesn’t mean it was all doom and gloom.
Kinaxis, an Ottawa-based provider of cloud-based subscription software, was only added to the index in mid-December. The company itself is hardly new, but with a 157.8% return 2015 is the year it hit its stride. If not for its late addition to the index, Uni-Select—a distributor of automotive parts and paint products—would have been the runaway winner on the index with a 128.2% return; the company sold off the assets of its Uni-Select USA business to an affiliate of Icahn Enterprises L.P. for $340 million and put that money into several new acquisitions of its own.
Here’s a look at the rest of the best performers on the S&P/TSX in 2015 (as of December 30):
MORE INVESTING IDEAS:
- Brave investors should consider mining and metals again
- How to invest in the strengthening U.S. housing market
- In a choppy market, it pays to invest in low-volatility stocks
- Deep-value stocks could be on the verge of a turnaround
- You have to diversify your portfolio, right? Well, not always
- Investors are fattening their portfolios on restaurant stocks