With interest rates in this country showing no signs of moving higher any time soon, investors continue to search the stock markets for investments that
offer decent cash flow at a reasonable risk. Finding yield isn’t difficult. It’s the risk part of that equation that often trips up investors.
By Fund Library News Wire | Friday, December 02, 2016
By Mike Keerma
Following three weeks of steady advances in November, stock markets took a breather, closing in the red for the week, against a backdrop of
slower-than-expected U.S. job gains and a deal by Opec to reduce production of crude oil. While the S&P 500 Composite Index gained 2% month-over-month in
November, it posted a -1% weekly loss at the close on Friday. The Nasdaq Composite Index, which recorded a 3.4% monthly gain
in November, backed off in the first couple days of December to record an steep weekly loss of -2.7%. Toronto’s S&P/TSX Composite Index, however, was cushioned by the
12% week-over-week gain in crude oil prices, and posted only a
hairline loss of 0.2% on the week.
– I turned 71 this year, and I still have a rather large RRSP to which I’ve been contributing. I understand that I have to convert my RRSP into another
type of registered plan, but I’m not clear as to what my options are or what the deadline is. A friend told me that I have until the day before I turn 72
to choose what to do with my RRSP. Is that correct? – Fred J., Kingston, Ontario
It may seem a topsy-turvy investment world out there these days, but slow and steady can still win the race, as seen from the performance of the Black Creek Global Leaders Fund. While funds in the Global
Equity category averaged a less-than-impressive 2.2% return for the 12 months through the end of October, and a 10-year average annual compounded return
not much better, at 4.1%, the Black Creek fund returned 12.2% and 7.1% respectively for those same time frames. For some insight into Black Creek’s style,
I spoke with Director of Global Equities, Heather Pierce.
The Trimark Canadian Endeavour Fund invests in a
concentrated portfolio of companies of any size. The big difference from its sister Trimark Global Endeavour Fund, apart from a different
management team, is that while the global version has a true go-anywhere mandate, the Canadian offering must invest no less than 51% in Canada. And with a
current big commitment to Canadian energy and financials, the managers are waiting patiently for the big payoff. Here’s a look at their strategy.