Last updated: Nov-23-2017

    
 
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11/24/2017 8:51:26 PM
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By Fund Library News Wire | Friday, November 24, 2017

By Mike Keerma

With third-quarter earnings beating expectations and major retailers getting a boost from the Black Friday sales push, the major North American equity indices posted weekly gains for the first time in three weeks. Ebullient retail sales numbers buoyed markets as online U.S. retail giant Amazon.com Inc. (NASDAQ: AMZN) and bricks-and-mortar retailer Macy’s Inc. (NYSE: M) led the markets higher, advancing 5.3% and 3.5%, respectively, on the week. An uptick in the U.S. rate of inflation in October raised market expectations of a Federal Reserve Board rate hike in December, supported by a flattening yield curve, with the spread between the 2-year U.S. Treasury note and the 30-year bond narrowing to 0.60 of a percentage point, its tightest spread in a decade. The S&P 500 Composite Index advanced 0.9% on the week, while the Nasdaq Composite Index gained 1.6%. Toronto’s benchmark S&P/TSX Composite Index gained 0.7% on the week, as energy stocks rose on a 4.3% weekly advance in the price of crude oil.


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

By Mike Keerma

* Horizons launches Nasdaq Canada ETF .
* Excel merges equity and balanced funds.
* TD launches two new global bond funds.
* Counsel merges two funds, renames four others.
* Mackenzie launches three new ETFs.

* Horizons launches Nasdaq Canada ETF. Horizons ETFs Management is partnering with Inovestor Inc. on its new Horizons Inovestor Canadian Equity Index ETF (TSX: INOC), which tracks the Nasdaq Inovestor Canada Index. The fund has a Canadian-focused mandate and holds high-quality Canadian stocks. The Index consists of 25 equal-weighted large-capitalization, Canadian-listed companies, which trade at a reasonable price with the best rankings in Inovestor's StockPointer stock selection model.


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



By Kurt Reiman, Director, Chief Investment Strategist for Canada

After a sharp 10% appreciation versus the greenback from May through September, the Canadian dollar is now sitting pretty close to its long-term fair value, as measured by purchasing power parity. Many investors are therefore wondering: Can the Canadian dollar break above its recent highs, or was this just another flash in the pan? In our view, most of the good news for the loonie is in the rear-view mirror. Here are six key reasons why the loonie could face further resistance ahead.


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

 

By Michael Cooke, Senior Vice President, Head of Exchange Traded Funds, Mackenzie Investments.

With more than 500 exchange-traded funds (ETFs) listed in Canada, how do you pick the right one for your portfolio? That’s where it all starts. I suggest there are four key criteria for selecting an ETF that can help achieve your investment goals. Your financial advisor can work with you to assess the four criteria during your search.


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

 

By Michael Cooke, Senior Vice President, Head of Exchange Traded Funds, Mackenzie Investments.

With more than 500 exchange-traded funds (ETFs) listed in Canada, how do you pick the right one for your portfolio? That’s where it all starts. I suggest there are four key criteria for selecting an ETF that can help achieve your investment goals. Your financial advisor can work with you to assess the four criteria during your search.


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

* Apple drives U.S. market gains, oil boosts Canada benchmark.
* Horizons launches AI-powered ETF.
* Fidelity debuts innovation-focused fund.


* Apple drives U.S. market gains, oil boosts Canada benchmark.
The major North American stock indices logged another week of gains, with Canada’s benchmark S&P/TSX Composite Index advancing 0.4% on the week, boosted by a 3.2% jump in the price of crude oil, settling near a two-year high of US$55.71 per barrel on Friday. U.S. stock indices basked in the halo effect of estimate-beating quarterly earnings from current market monster Apple Inc. (NASDAQ: AAPL), which surged 2.6% on Friday, nearing a market capitalization of US$900 billion. The S&P 500 Composite Index gained 0.3% on the week, while the Nasdaq Composite Index rose 1%, for a 26% advance in the year to date. Sentiment was further boosted by the U.S. October payroll report, which showed 261,000 new jobs added in the month, and a dip in the unemployment rate, to 4.1% from 4.2% in September. And the appointment of Jerome Powell as the new chairman of the Federal Reserve to replace Janet Yellen at least came as no surprise.


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

* Apple drives U.S. market gains, oil boosts Canada benchmark.
* Horizons launches AI-powered ETF.
* Fidelity debuts innovation-focused fund.


* Apple drives U.S. market gains, oil boosts Canada benchmark.
The major North American stock indices logged another week of gains, with Canada’s benchmark S&P/TSX Composite Index advancing 0.4% on the week, boosted by a 3.2% jump in the price of crude oil, settling near a two-year high of US$55.71 per barrel on Friday. U.S. stock indices basked in the halo effect of estimate-beating quarterly earnings from current market monster Apple Inc. (NASDAQ: AAPL), which surged 2.6% on Friday, nearing a market capitalization of US$900 billion. The S&P 500 Composite Index gained 0.3% on the week, while the Nasdaq Composite Index rose 1%, for a 26% advance in the year to date. Sentiment was further boosted by the U.S. October payroll report, which showed 261,000 new jobs added in the month, and a dip in the unemployment rate, to 4.1% from 4.2% in September. And the appointment of Jerome Powell as the new chairman of the Federal Reserve to replace Janet Yellen at least came as no surprise.


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By Fund Library News Wire | Friday, October 27, 2017

By Mike Keerma

* Unstoppable stock indices ride tech wave to new heights.
* Horizons launches international dividend ETF.
* RBC introduces bond and bank ETFs.

* Unstoppable stock indices ride tech wave to new heights.
The surging technology sector and strong third-quarter gross domestic product growth (3.0% annual rate) were the drivers helping power the major U.S. stock indices to another week of record high closes. Strong earnings reports from tech giants Alphabet Inc. (NASDAQ: GOOGL) , Microsoft Corp. (NASDAQ: MSFT), Intel Corp. (NASDAQ: INTC), and Amazon.com Inc. (NASDAQ: AMZN) lifted the Nasdaq Composite Index to a 1.1% gain on the week, closing at an all-time high and its fifth consecutive weekly advance. The S&P 500 Composite Index also felt the tech wind beneath its wings, closing Friday with a 0.3% gain on the week, also with a record high close. Following suit, Toronto’s benchmark S&P/TSX Composite Index ended the week with a record high close of 15,953.51 on Friday, posting a 0.6% gain on the week, as the Bank of Canada kept its key interest rate unchanged at 1%, while the price of crude oil advanced 3.7%.


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

By Mike Keerma

Stock markets in the U.S. closed at record highs again this past week, as the U.S. Senate passed a budget blueprint that would pave the way for the Trump Administration’s plan to reform the unwieldy U.S. tax code. That, along with a purported short list of candidates to lead the Federal Reserve Board, had investor sentiment bubbling even higher, leading the blue-chip S&P Composite Index to yet another record close and its sixth consecutive weekly gain, at 0.9%. The Nasdaq Composite Index also racked up a record high close on Friday, posting an advance of 0.4% on the week. Toronto’s benchmark S&P/TSX Composite Index gained 0.3% on the week, also its sixth consecutive weekly advance, buoyed by strength in the materials sector and gains in financial stocks. Gold, however, retreated 1.8% on the week, while crude oil posted a gain of 1.3%.


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By Fund Library News Wire | Thursday, October 19, 2017

  

By Mark Brisley, Managing Director and Head of Dynamic Funds

“Preparing for a rainy day” may be the best way to describe the direction of the U.S. stock market with the three most recognized indexes – the Dow Jones Industrial Average, the S&P 500 Composite, and the Nasdaq Composite – having notched solid, double-digit gains to the end of August. Taking a longer view, the current U.S. equity bull market has boosted share prices by about 260% in a little over eight years to the middle of the third-quarter 2017. This makes it one of the longer and stronger uptrends in post-war history. So it’s not surprising that this cycle’s duration – in concert with depressed volatility readings, concerns about narrowing market participation, monetary tightening and stretched valuations – has some investors reviewing their passive U.S. equity ETF allocation.


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By Fund Library News Wire | Friday, October 13, 2017

By Mike Keerma

The major U.S. stock indices again registered record high closes last week, as market sentiment fed on positive earnings reports from the financial sector, as well as a surge in consumer sentiment, an uptick in inflation readings, and a jump in September retail sales. Market momentum brushed aside any lingering concerns over natural disasters and rising geopolitical tensions, including President Trump’s refusal on Friday to certify Iran’s compliance with a 2015 nuclear agreement. The S&P 500 Composite Index edged up 0.2% on the week, for a 14% year-to-date gain, while the Nasdaq Composite Index advanced 0.2%, putting it ahead 23% year to date. Toronto’s benchmark S&P/TSX Composite Index, meanwhile, posted a 0.5% gain on the week, led by broad strength in the materials, base metals, mining, gold, and financial sectors. Gold closed Friday with a 1.2% advance on the week, while crude oil surged 4.2%.


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By Fund Library News Wire | Friday, October 06, 2017

By Mike Keerma

* iA Clarington launches three new bond funds.
* Evolve launches auto and dividend ETFs.
* Horizons launches EAFE ETF.
* Dynamic teams with iShares on three new ETFs.
* U.S. Global Investors debuts gold-focused ETF.

* IA Clarington launches three new bond funds. iA Clarington Investments Inc. debuted three mutual funds with a roster of blue-chip managers and subadvisors, including Forstrong Global Asset Management and U.S.-based Pinebridge Investments with US$85 billion assets under management.


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By Fund Library News Wire | Thursday, October 05, 2017



By Felix Narhi, CIO & Portfolio Manager, Penderfund Capital Management

“The markets are moved by animal spirits, and not by reason.” – John Maynard Keynes

The year started in the midst of one of the greatest bull markets in history. It has only strengthened in 2017. The S&P500 bull market is now the second longest (trailing only the 1990-2000 cycle during the dot-com era) and the third strongest in history.


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By Fund Library News Wire | Friday, September 29, 2017

By Mike Keerma

Toronto’s benchmark stock index, the S&P/TSX Composite Index closed the month at its highest point in four months, logging a 1.2% gain on the week, 2.8% on the month, and 3% for the quarter. Despite a flat Canadian GDP report for July, the index was buoyed by strength in the financial sector and is now ahead 2.3% year to date. Reacting to more hawkish comments from Federal Reserve Chairwoman Janet Yellen and a tax-reform announcement from President Donald Trump, the big U.S. stock gauges also registered gains. Both the S&P 500 Composite Index and the Nasdaq Composite Index wrapped up the week, month, and quarter on a high note, closing at record highs on Friday. The S&P 500 closed up 0.7% on the week, while the Nasdaq Composite advanced 1.1%. Crude oil rose 1.8% on the week, remaining above US$50/barrel, while gold flagged, losing 1.4% on the week, for a 3.1% loss overall in September.


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By Fund Library News Wire | Thursday, September 28, 2017



By Bill McNabb, Chairman and CEO, Vanguard Group, Inc.

More than a decade ago, a well-known American investor and commentator published a memo to his clients titled simply “Risk.” In it, he distilled the relationship between investors and risk. “When you boil it all down, it’s the investor’s job to intelligently bear risk for profit,” he wrote. It’s not surprising, then, that everyone from portfolio managers to behavioural economists avidly studies how investors’ reactions to risk influence not only their individual investment decisions but also the broader financial markets.


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By Fund Library News Wire | Friday, September 22, 2017

By Mike Keerma

* U.S. indices flat on the week, TSX rallies.
* Mackenzie to merge funds.
* Educators changes fund name.
* WisdomTree introduces three dividend ETFs.
* Evolve launches gender diversity and cyber ETFs.
* First Asset debuts global dividend ETF.

* U.S. indices flat on the week, TSX rallies.
Toronto’s broad benchmark stock gauge, the S&P/TSX Composite Index, advanced 1.9% on the week, buoyed by the financial sector and a 1.7% rise in the price of crude oil. The big U.S. indices closed Friday flat on the week, following five days of choppy, directionless trading as investors digested the Federal Reserve Board’s decision to leave interest rates unchanged, while modestly reducing its US$4.5 trillion balance sheet. Investors shrugged off concerns over North Korean threats to test another nuclear bomb. The S&P 500 Composite Index edged up a scant 0.1% on the week, while the Nasdaq Composite Index ticked down 0.3%. Shares of Apple Inc. (NASDAQ: AAPL) contributed to the indices’ sluggish performance on the week as the price fell following the launch of its iPhone 8, with its iPhone X slated to launch Nov. 3. Apple is now down 7.4% since the end of August.


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By Fund Library News Wire | Thursday, September 21, 2017

A SPECIAL ANNOUNCEMENT FROM



Fund-level exposure to overall ESG Quality Score, Sustainable Impact, ESG Leaders and Laggards, and SRI Screening Criteria Exposure

TORONTO, ON [9/21/2017] – Fundata today announced that MSCI ESG Fund Metrics will be available on its platform, initially via fund snapshots and later incorporated in data feeds. The metrics offer users transparency on the environmental, social, and governance (ESG) quality and characteristics of Canadian-domiciled mutual funds and ETFs.


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By Fund Library News Wire | Tuesday, September 19, 2017

  

By Mark Brisley, Managing Director and Head of Dynamic Funds

One of the fastest-growing segments in the investment universe is active exchange traded funds (ETFs). In Canada, the number of active ETFs has grown from 82 in December 2014 to over 143 at the end of last year1. Over the same two-year time frame, assets have more than doubled, reaching a record $17 billion in 2016. Although that’s just a sliver of the overall $1.3-trillion Canadians have invested in mutual funds, it’s big enough to start turning heads.


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By Fund Library News Wire | Tuesday, September 19, 2017

  

By Mark Brisley, Managing Director and Head of Dynamic Funds

One of the fastest-growing segments in the investment universe is active exchange traded funds (ETFs). In Canada, the number of active ETFs has grown from 82 in December 2014 to over 143 at the end of last year1. Over the same two-year time frame, assets have more than doubled, reaching a record $17 billion in 2016. Although that’s just a sliver of the overall $1.3-trillion Canadians have invested in mutual funds, it’s big enough to start turning heads.


more...

By Fund Library News Wire | Friday, September 15, 2017

By Mike Keerma

* S&P 500 hits another record high, crosses 2,500
* TD launches two new equity funds with North American focus.
* Invesco introduces two new income-focused ETFs.


* S&P 500 hits new record high, crosses 2,500.
The U.S. blue-chip benchmark S&P 500 Composite Index closed at a record high on Friday, crossing the psychologically significant 2,500 threshold for the first time ever. The index advanced 1.6% on the week. The run was spurred on by gains the technology sector, led by semiconductor stocks and boosted by an advance in smartphone maker Apple Inc. (NASDAQ: AAPL), which saw its share price rise after introducing its new iPhones last Tuesday. The Nasdaq Composite Index, which has a heavy tech-sector weighting, gained 1.4% on the week, and is now ahead nearly 20% year to date. Toronto’s S&P/TSX Composite Index rose 1.3% on the week, as the price of crude oil surged 4.8% from the previous week’s close. Gold, meanwhile, gave back some of its previous gains, dropping 2.0% over the week, as investors shrugged off another missile test by North Korea.


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