Articles & Insights
Investment Executive: Focus on Products  |  31 July 2018

Biggest risk to retirees

Today, retirees are rightly concerned with the risk exposure of their portfolios. Therefore, financial advisors appropriately spend considerable time designing portfolios that meet their clients’ downside risk tolerances. Read more >

Investment Executive: Focus on Products  |  01 March 2018

The search for excess returns

Today’s low interest rates and high stock valuations translate into modest expected future returns. At a time of increasing longevity, this situation creates a formidable challenge to financial advisors assisting their clients in retirement planning. Read more >

Investment Executive: Focus on Products  |  01 February 2018

Expecting too much?

Global synchronized growth, combined with muted inflation and low interest rates, propelled stocks to new highs in 2017. Read more >

Investment Executive: Focus on Products  |  01 December 2017

A major market shift

For many years, Canada’s stock market was a proxy for emerging-market equities. In both markets, energy and materials have played an outsized role. Read more >

Investment Executive: Focus on Products  |  15 September 2017

No panacea, but useful

Active share – a measurement of the degree to which an active portfolio manager’s portfolio varies from its benchmark index – has become one of the most popular metrics in the investment industry. Read more >

Investment Executive: Focus on Products  |  01 August 2017

Active managers

As financial advisors pour billions of dollars into index-based ETFs, the use of active managers in portfolio construction increasingly comes under question. Read more >

Investment Executive: Focus on Products  |  15 June 2017

Forecasting market returns

There is an adage from Wall Street’s early days: “Valuation helps define risk, but it doesn’t help with timing.” Brokers learned eons ago that simply because a stock is cheap or expensive says nothing about its short-term price direction. Read more >

Investment Executive: Focus on Products  |  15 February 2017

Curb your enthusiasm

Several academic studies have determined that investors’ future return expectations are heavily influenced by recent performance. With the Canadian stock market delivering an exceptional 21.2% in 2016 and the U.S. market up 17.4% annually over the past three years, many investors are likely ratcheting up their return expectations. Read more >

Investment Executive: Focus on Products  |  15 January 2017

Not dead yet

In the U.S., actively managed domestic equity mutual funds have suffered nine years of consecutive outflows as investors have poured money into index domestic equity mutual funds and ETFs. The contrast is glaring – from 2007-15, US$835 billion exited actively managed domestic equity mutual funds while $1.2 trillion flooded into index domestic equity mutual funds and ETFs. Read more >