Last updated: Apr-20-2018

Market wrap Jan. 20, 2017: Stocks mostly flat on the week
4/22/2018 4:17:27 PM
HOME : FEATURES : COLUMNS : Market wrap Jan. 20, 2017: Stocks mostly flat on the week
Show Printable Version Download Plain Text
Fund Library News
News, announcements, and updates from Fund Library

By Fund Library News Wire  | Friday, January 20, 2017


By Mike Keerma

Stocks mostly flat on the week.
* Horizons launches currency fund.
* IA Clarington debuts RI bond fund.

North American stock indices closed generally higher on Friday, following the inauguration of Donald Trump as the 45th U.S. president. However, U.S. markets eased back on the week overall, closing just slightly below breakeven, as investors digested an increase in December’s all-items consumer price index to an annual 2.1% rate, raising concerns about the possibility of rising rates and a stronger dollar, against a backdrop of the potential for protectionist trade policies reiterated by President Trump during his inaugural address. The S&P 500 Composite Index closed Friday with a marginal weekly loss of -0.2%, while the Nasdaq Composite Index lost -0.3% on the week. Toronto’s benchmark S&P/TSX Composite Index advanced 0.3% on the week, buoyed by the rising price of both crude oil and gold.

* Horizons launches currency fund. Horizons ETFs Management debuted its Horizons Absolute Return Global Currency ETF (TSX: HARC) that it says provides long and short exposure to a diversified portfolio of global currencies.

The fund is sub-advised by CIBC Asset Management Inc. and seeks to generate positive absolute returns through various long and short exposures to select global currencies. In a release, the company said the fund generally will hold Canadian short-term securities and will primarily use short-term financial instruments to gain exposure to selected global currency markets.

* IA Clarington debuts RI bond fund. IA Clarington Investments Inc. launched the IA Clarington Inhance Bond SRI Fund, which will invest primarily in a diversified selection of government and corporate debt securities as well as preferred shares.

Sub-advised by Vancity Investment Management Ltd., the fund will follow Vancity’s Socially Responsible Investing approach, incorporating environmental, social, and corporate governance (ESG) factors. According to a company release, the fund is designed to meet Socially Responsible Investing criteria and has been designed for investors seeking income and capital preservation.

Check Fund Library’s Market Activity page regularly for active updates on key market indexes and commodities.

@FundLibrary – Follow Fund Library on Twitter for daily information and updates.


© 2017 by Fund Library. All rights reserved. Reproduction in whole or in part by any means without prior written permission is prohibited.

The foregoing is for general information purposes only and is the opinion of the writer. No guarantee of investment performance is made or implied. It is not intended to provide specific personalized advice including, without limitation, investment, financial, legal, accounting or tax advice.

Find a Stock

(Leave blank for all)
Symbol   Name
Forgot your password?
Register now
Tech Support
For general inquiries, please email the Librarian.
Home |  Features |  Member Services |  Tools |  Funds |  About Us
For any questions or problems with this site, please contact the Librarian.
Page ID: 20:40:1051:00016085:9/12/2017:4:10:55 PM Duration of this visit: 0 sec.