The FundGrade™ A-ratedDynamic Dividend Fund looks to provide investors with a
stable stream of income. The fund’s managers look for what they believe to be best-in-class companies that pay a sustainable dividend and have the
potential for growth.
Among the topical theses we explore in our working strategy sessions, the most mind-boggling, without a doubt, for most observers would be the strange
phenomenon of negative interest rates. Lately it has spread as if it were a global epidemic, though it has not yet arrived in Canada.
By Fund Library News Wire | Friday, April 29, 2016
By Mike Keerma
* Immovable Japan, dropping Apple weigh on U.S. stocks
Aston Hill shuts down U.S. REIT fund
* AGF launches new corporate class income funds
* BMO launches two new funds with RI slant
* Excel adds to India fund stable
* CIBC launches active high-yield bond fund
* Market wrap: Immovable Japan, dropping Apple weigh on U.S. stocks.
U.S. stock markets lost steam towards the end of last week, as investors reacted to weak first-quarter U.S. GDP numbers, a major earnings miss at Apple Inc. (NASDAQ: AAPL), and a decision by the Bank
of Japan not to increase monetary stimulus. The S&P 500 Composite dropped off the table late in the week,
posting a -1.3% loss on the week overall, edging down 0.3% on the month. In Canada, the S&P/TSX Composite Index played the contrarian, gaining
0.6% on the week for a respectable 3.4% advance on the month. Commodity prices rallied, led by a resurgent materials sector piggybacking on the rising
price of crude oil, which closed Friday at US$46 per barrel,
for a weekly advance of 5.0% and a monthly gain of 20.4%.
– After this frustrating tax season, I’ve decided to shop around for a competent financial advisor. But I’m not really sure what I should be looking for
when I interview some prospects. Every candidate I’ve talked to tells me they’re eager to “look after my best interests,” but surely that’s job number one
for a personal financial advisor. What else should I expect? – Karyn L., Toronto, Ontario