Fund Library News Wire
| Friday, October 12, 2018
By Mike Keerma
Despite some upside strength on Friday, the major stock indices slumped
badly on week as a whole, as swings between risk-off and risk-on sentiment
had investors switching between stocks and bonds through the week. Concerns
over whether another rate hike by the U.S. Federal Reserve Board would push
the U.S. into a recession combined with uncertainties about a U.S./China
trade war to unsettle markets, even as strong results from three big U.S.
banks kicked off what is expected by many analysts to be a positive
third-quarter earnings season. The
S&P 500 Composite Index
closed with a weekly loss for the third consecutive week, falling 4%, while
Nasdaq Composite Index
lost 3.7% on week, despite posting its best single-day advance since late
S&P/TSX Composite Index
fell 3.3% on the week, as financials sold off in response to rising U.S.
bond yields and energy stocks plunged as
WTI crude oil
dropped 3.8% on the week and the spread between Western Canada Select and
WTI crude prices widened.
* IA Clarington launches active ETF series.
announced it is launching active ETF versions of three of its fixed-income
IA Clarington Core Plus Bond Fund (TSX: ICPB), managed by Jeff Sujitno, invests in government bonds, investment grade
bonds, and high-yield bonds, as well as other income-producing securities,
including asset-backed securities and senior floating rate loans.
IA Clarington Global Bond Fund (TSX: IGLB), sub-advised by PineBridge Investments, invests in fixed-income securities
around the world.
IA Clarington Emerging Markets Bond Fund (TSX: IEMB), sub-advised by PineBridge, holds emerging market debt securities.
* Dynamic debuts two Liquid Alternative funds.
announced it is launching two funds in the new Liquid Alternative category.
Dynamic Alpha Performance II Fund,
managed by Noah Blackstein, seeks investment opportunities on both the long
and short side of the portfolio aiming for positive returns regardless of
the overall direction of the market.
Dynamic Premium Yield PLUS Fund
invests directly in U.S. stocks, writing call and/or put options on these
securities to generate premium yield. Managed by Damian Hoang, the fund
will use alternative investment strategies including the use of leverage,
primarily created through the use of derivatives.
* WisdomTree launches bond ETF.
Wisdom Tree Asset Management Canada
ONE North American Core Plus Bond ETF (TSX: ONEB), which invests in investment-grade North American corporate and government
bonds. The Fund is advised by One Capital Management.
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