Last updated: Mar-28-2017

    
 
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3/29/2017 6:44:13 PM
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Current news, updates, and market information.


By Fund Library News Wire | Friday, March 24, 2017

By Mike Keerma

* Stocks sag through the week.
* Manulife merges funds into new portfolios
.
* TD debuts ETF portfolios.

* Stocks sag through the week. The senior U.S. stock indices sagged through the week and closed Friday with weekly losses as a major healthcare bill was pulled by Republicans before it could be put to a vote in the House of Representatives. The S&P 500 Composite Index lost 1.4% on the week, while the Nasdaq Composite Index slid 1.2%. Toronto’s S&P/TSX Composite Index ended the week virtually flat, logging a hairline -0.3% loss, as a 1.4% weekly gain in the price of gold buoyed gold stocks, while the Trump Administration’s approval of TransCanada Corp.’s (TSX: TRP) Keystone XL pipeline helped support the energy sector at the end of the week, despite a -1.3% week-over-week decline in the price of crude oil.


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By Fund Library News Wire | Friday, March 24, 2017
By Fund Library News Wire | Friday, March 24, 2017



By Geoff Castle, Portfolio Manager, Pender Corporate Bond Fund

Low default risk and short duration are keys to attractive risk/reward in the current corporate credit market. There are two different scenarios that we consider when we try to mitigate the effects of risk in the Pender Corporate Bond Fund.


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By Fund Library News Wire | Thursday, March 23, 2017



Investing may seem like a daunting task. There appears to be so much we need to know. However, much like planning a trip, buying a home, or looking after our health, the key to successful investing is having the right information, a well-constructed plan and, often, the right advice. Yes, this takes effort when we might rather be doing something else, but once the planning is complete, we’re on our way.


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By Fund Library News Wire | Friday, March 17, 2017

By Mike Keerma

* Stocks flatten out.
* Improving U.S. economic outlook.
*
Canadian job gains in February.
* (Canada) Goosing the stock.


* Stocks flatten out. The major North American indices ended pretty much flat on the week, as the U.S. Federal Reserve Board’s Open Market Committee on Wednesday raised its benchmark federal funds rate to 1.00% from 0.75%, reflecting robust job creation and employment rates as well as a 2% inflation rate that is near the Fed’s target. Toronto’s S&P/TSX Composite Index dipped -0.1% below breakeven on the week, weighed down by declines in financial and resource stocks. U.S. blue-chip S&P 500 Composite Index edged up 0.2% on the week, while the Nasdaq Composite Index gained 0.7%, putting the tech-weighted gauge ahead 9.6% year to to date. Gold gained 2% on the week, as bond yields inched down, and crude oil gained 0.6% but remained below US$50/barrel on the week.


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By Fund Library News Wire | Thursday, March 16, 2017

By Mike Keerma

* Redwood lists two preferred share funds on NEO.
* Investors Group merges 20 funds.

* Top 10 fund categories for February.

* Redwood lists two preferred share funds on NEO. Redwood Asset Management Inc. announced on March 15 that its two new income-generating preferred share funds have begun trading on the NEO Stock Exchange.


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By Fund Library News Wire | Friday, March 10, 2017

By Mike Keerma

* Stocks lose ground for the week.
* RBC shuts down two BonaVista funds.
* Invesco launches two PowerShares foreign dividend ETFs.


* Stocks lose ground. North America’s major stock indices lost ground on the week, despite a solid U.S. jobs report that saw 235,000 payrolls added in February, with the unemployment rate now sitting at 4.7%. Most observers believe that will spur the U.S. Federal Reserve Board to raise its benchmark federal funds rate at its regularly scheduled rate policy meeting next Tuesday and Wednesday, March 14-15. However, the relatively upbeat jobs data on Friday were not enough to overcome sliding investor sentiment through the week, as crude oil dropped -8.9% on the week and gold retreated -2.6%. The U.S. blue-chip S&P 500 Composite Index lost -0.4% on the week, while the Nasdaq Composite Index fell -0.2%. Toronto’s benchmark S&P/TSX Composite Index retreated 0.7% for the week, reacting to weakness in the energy sector.


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By Fund Library News Wire | Monday, March 06, 2017



By Mark Taucar, Accilent Capital Management

There are a few aspects of investment analysis that I’ve found to be particularly wanting – the subjectivity of traditional tire kicking analysis and the pitfalls of doggedly adhering to only one form of analysis (fundamental, technical, quantitative, etc). Can a so-called “passive” investment strategy using index-tracking products like exchange-traded funds truly overcome these weaknesses?


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By Fund Library News Wire | Friday, March 03, 2017

By Mike Keerma

* Market wrap: Yellen speaks, markets advance.
* Fund news: National Bank terminates and/or merges 35 funds and series.

* Market wrap: Yellen speaks, markets advance. Stock markets advanced on the week in both Canada and the U.S., buoyed by the potential for another rate hike by the U.S. Federal Reserve Board this month following a speech by Fed Chairwoman Janet Yellen on Friday. The U.S. blue-chip benchmark S&P 500 Composite Index backed off its record high set during the week, but still gained 0.7% on the week overall. Similarly the Nasdaq Composite Index advanced 0.4% on the week, and is now ahead over 9% year to date. Toronto’s benchmark S&P/TSX Composite Index gained 0.5% on the week, following the U.S. markets’ lead with an additional boost from better-than-expected fourth-quarter GDP growth.


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By Fund Library News Wire | Friday, February 24, 2017

By Mike Keerma

* More records for U.S. indices, TSX backs off.
* EdgePoint closes Series O portfolios.
* BMO lists ETFs on NEO Exchange.
* LOGiQ shuts down Macquarie infrastructure fund.


* More records for U.S. indices, TSX backs off. The major U.S. market indices went on to close at fresh record highs again last week, while Canadian stocks retreated. The U.S. blue-chip S&P 500 Composite Index closed the week with a 0.7% advance, following the lead of the roaring Dow Jones Industrial Average, which gained 1% on the week, pushing it into new high territory with a record close of 20,821.76 on Friday. The Nasdaq Composite Index logged a hairline 0.1% advance on the week, closing Friday just marginally below a record advance. The U.S. indices were led higher by gains in utilities and telecom stocks, even as lagging energy and financial stocks put a damper on the ebullience. Toronto’s benchmark S&P/TSX Composite Index, however, lost 2% on the week, retreating in the face of sliding energy and financial stocks, which are overweighted in the index. Gold, meanwhile, gained 1.8% on the week, while crude oil advanced 1.3%.


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By Fund Library News Wire | Friday, February 24, 2017

By Mike Keerma

* More records for U.S. indices, TSX backs off.
* EdgePoint closes Series O portfolios.
* BMO lists ETFs on NEO Exchange.
* LOGiQ shuts down Macquarie infrastructure fund.


* More records for U.S. indices, TSX backs off. The major U.S. market indices went on to close at fresh record highs again last week, while Canadian stocks retreated. The U.S. blue-chip S&P 500 Composite Index closed the week with a 0.7% advance, following the lead of the roaring Dow Jones Industrial Average, which gained 1% on the week, pushing it into new high territory with a record close of 20,821.76 on Friday. The Nasdaq Composite Index logged a hairline 0.1% advance on the week, closing Friday just marginally below a record advance. The U.S. indices were led higher by gains in utilities and telecom stocks, even as lagging energy and financial stocks put a damper on the ebullience. Toronto’s benchmark S&P/TSX Composite Index, however, lost 2% on the week, retreating in the face of sliding energy and financial stocks, which are overweighted in the index. Gold, meanwhile, gained 1.8% on the week, while crude oil advanced 1.3%.


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By Fund Library News Wire | Monday, February 20, 2017

KNOWLEDGE BASE



This backgrounder has been prepared to provide accurate information about two new personalized annual reports that investors are beginning to receive this month under CRM2 – new reporting requirements set in place by the Canadian Securities Administrators that are summarized at the end of this article. The primary purpose of the backgrounder is to address frequent factual errors observed in media coverage about the content of the new reports.


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By Fund Library News Wire | Friday, February 17, 2017

By Mike Keerma

Against a backdrop of climbing inflation and more hawkish signals from the Federal Reserve Board, U.S. stock markets closed at record highs on Friday, extending a streak of record high closes through February. The S&P 500 Composite Index advanced 1.5% on the week, and is now ahead 5.0% year to date, while the Nasdaq Composite Index advanced 1.8% on the week for an 8.5% gain year to date. In Canada, declining copper, gold, and crude oil prices weighed on Toronto’s benchmark S&P/TSX Composite Index on Friday, but the index still gained 0.7% on the week, and is now ahead 3.6% year to date.


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By Fund Library News Wire | Friday, February 17, 2017

By Mike Keerma

Against a backdrop of climbing inflation and more hawkish signals from the Federal Reserve Board, U.S. stock markets closed at record highs on Friday, extending a streak of record high closes through February. The S&P 500 Composite Index advanced 1.5% on the week, and is now ahead 5.0% year to date, while the Nasdaq Composite Index advanced 1.8% on the week for an 8.5% gain year to date. In Canada, declining copper, gold, and crude oil prices weighed on Toronto’s benchmark S&P/TSX Composite Index on Friday, but the index still gained 0.7% on the week, and is now ahead 3.6% year to date.


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By Fund Library News Wire | Thursday, February 16, 2017

By Mike Keerma

* Mackenzie Quadrus fund reclassified.
* New BMO income ETFs begin trading.
* Top 10 fund categories – January 2017.


* Mackenzie Quadrus fund reclassified. Mackenzie Financial Corp. announced on Feb. 14 that it is reclassifying its Quadrus Diversified Fixed Income Folio Fund to Canadian Fixed Income from Global Fixed Income under the Canadian Investment Funds Standards Committee fund classification system. The fund has also imposed a foreign content limit of 30% and changed the risk rating for the fund to Low from Low-to-Medium.


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By Fund Library News Wire | Thursday, February 16, 2017

By Mike Keerma

* Mackenzie Quadrus fund reclassified.
* New BMO income ETFs begin trading.
* Top 10 fund categories – January 2017.


* Mackenzie Quadrus fund reclassified. Mackenzie Financial Corp. announced on Feb. 14 that it is reclassifying its Quadrus Diversified Fixed Income Folio Fund to Canadian Fixed Income from Global Fixed Income under the Canadian Investment Funds Standards Committee fund classification system. The fund has also imposed a foreign content limit of 30% and changed the risk rating for the fund to Low from Low-to-Medium.


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By Fund Library News Wire | Tuesday, February 14, 2017

 

By Keith McLean, President and CIO, Sphere Investments

The current and forecasted interest rate environment will continue to make it difficult for investors to find sufficient yield in fixed income markets in 2017. This will force investors to look elsewhere and increase the demand for equity investment strategies that seek high yields. These high-yield strategies can expose investors to extreme-yielding equities that may be at risk of cutting their dividend.


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By Fund Library News Wire | Friday, February 10, 2017

By Mike Keerma

The major North American stock indices posted strong advances on the week, closing at record highs on Friday, following Thursday’s announcement from U.S. President Donald Trump about forthcoming tax reforms, which may give a boost to corporate earnings. Subsequent gains in the financial sector gave a boost to the main indices, which closed the week at record highs. The S&P 500 Composite Index advanced 0.8% on the week, while the Nasdaq Composite Index gained 1.2%, as markets maintained the momentum spurred by better-than-expected quarterly earnings reports. Toronto’s S&P/TSX Composite Index also closed at a record high, against a backdrop of firm crude oil prices and a strong jobs report from Statistics Canada, showing 48,000 additional positions created in January.


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By Fund Library News Wire | Thursday, February 09, 2017

By Mike Keerma

* New Vanguard ETFs listed on TSX.
* Excel to merge funds.
* Hamilton Capital launches dividend ETF.
* BlackRock moves five ETFs to NEO Exchange.


* New Vanguard ETFs listed on TSX. Vanguard Investments Canada Inc. added to its roster of nine fixed-income exchange-traded funds (ETFs), with four new Canadian funds listed on the TSX this week. The new funds bring to 33 the number of ETFs offered by Vanguard Canada.


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By Fund Library News Wire | Sunday, February 05, 2017

By Mike Keerma

The major North American stock indices ended the week relatively flat, while gaining overall in January and advancing for the year to to date. Both the S&P 500 Composite Index and the Nasdaq Composite Index gained just 0.1% on the week, as a relatively strong U.S. jobs report showed a gain of 227,000 payrolls in January helped the U.S. indices stay in the black. Toronto’s benchmark S&P/TSX Composite advanced 0.5% during Friday’s session, buoyed by strength in the financial sector, but the index still lost -0.6% from the previous Friday’s close. Gold gained 2.5% on the week, while the price of crude oil hovered just above breakeven.


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