Fund Library News Wire
| Friday, January 18, 2019
By Mike Keerma
The major North American stock indices rallied again this week, buoyed by
reports that China and the U.S. were negotiating trade concessions that
would see China increase imports from the U.S. to bring its trade deficit
with the U.S. to zero. In Canada, December’s all-items inflation rate
ratcheted up to an annual 2.0% from 1.7% in November, a move largely driven
by the way airfares are calculated, and one widely expected to reverse in
coming months. U.S. annual inflation decelerated to 1.9% as December’s
month-over-month rate fell 0.1% as energy prices declines. The calmer
inflation picture in both countries suggests both the Bank of Canada and
the Federal Reserve have plenty of wiggle room to ease off further rate
hikes in the immediate future. Toronto’s
S&P/TSX Composite Index
gained 2.4% on the week, helped along by a 4.2% rise in the price of
crude oil. The main U.S. indices followed suit, with the
S&P 500 Composite
gaining 2.9% on the week, and the
* Fidelity debuts Canada/U.S. fund.
Fidelity Investments Canada this week launched its new
Fidelity CanAm Opportunities Class
co-managed by Mark Schmehl and Steve MacMillan. The all-cap fund has a
focus on the Canadian and U.S. markets and combines the two managers’
investment styles, targeting strong risk-adjusted returns and lower
* BMO launches new dividend ETF.
BMO Investments Inc. debuted the ETF Series units for its actively-managed
BMO Tactical Dividend ETF Fund (TSX: ZZZD). The fund invests primarily in dividend-paying ETFs and also capitalizes
on short-term investment strategies. The fund is sub-advised by veteran
manager Larry Berman of ETF Capital Management.
Check Fund Library’s
Market Activity page
regularly for active updates on key market indexes and commodities.
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