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9/22/2017 2:58:32 PM
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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.


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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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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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By Fund Library News Wire | Saturday, September 09, 2017

By Mike Keerma

North American stock markets posted losses on a shortened trading week, as investors dampened their appetite for risk against a backdrop of continuing geopolitical tension over a potential North Korean missile test and the effects of Hurricane Irma on Florida this weekend. The S&P 500 Composite Index logged a loss of 0.6% on the week, while the Nasdaq Composite Index pulled back 1.2%. Toronto’s benchmark S&P/TSX Composite Index retreated 1.4% on the week against a backdrop of a Bank of Canada rate hike and a decline in the price of crude oil. Gold, meanwhile, rose 1.5% on the week, and is now up 17.4% since the beginning of the year. The Canadian dollar finished the week higher, at US$0.822.


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By Fund Library News Wire | Friday, September 08, 2017

By Mike Keerma

North American stock markets posted losses on a shortened trading week, as investors dampened their appetite for risk against a backdrop of continuing geopolitical tension over a potential North Korean missile test and the effects of Hurricane Irma on Florida this weekend. The S&P 500 Composite Index logged a loss of 0.6% on the week, while the Nasdaq Composite Index pulled back 1.2%. Toronto’s benchmark S&P/TSX Composite Index retreated 1.4% on the week against a backdrop of a Bank of Canada rate hike and a decline in the price of crude oil. Gold, meanwhile, rose 1.5% on the week, and is now up 17.4% since the beginning of the year. The Canadian dollar finished the week higher, at US$0.822.


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By Fund Library News Wire | Friday, September 01, 2017

By Mike Keerma

* Stocks make strong gains on the week.
* First Asset launches tech giants ETF.
* Hamilton Capital debuts mid-cap financial sector ETF.


Stock market made gains on the week, on lighter-than-normal volumes ahead of the Labour Day long weekend in both Canada and the U.S. Toronto’s S&P/TSX Composite Index advanced nearly 1% week over week, as Canada’s economy posted 4.5% quarter-over-quarter growth (or 3.7% annualized) in the April to June period, while the big banks reported estimate-beating earnings, helping boost the index’s weekly performance. U.S. stock markets surged, with the S&P 500 Composite Index gaining 1.4% on the week, while the Nasdaq Composite Index rose 2.7%, to close at yet another record high close, its 46th this year, as a softer-than-expected jobs report for August led to speculation that the Federal Reserve Board would cool on its hawkish tilt for a rate hike in December. Crude oil slid 1% on the week, while gold rose 2.7%.


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By Fund Library News Wire | Thursday, August 31, 2017



By Kurt Reiman, Director, Chief Investment Strategist for Canada

The rollercoaster ride in oil prices over the past three years may be old hat to investors familiar with the commodity’s historical sensitivity to macro events (see chart below), but oil price volatility is by no means endemic, and several factors are now lining up to suggest a calmer period for crude may lie ahead.


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By Fund Library News Wire | Friday, August 25, 2017

By Mike Keerma

* Stocks edge up as summer doldrums prevail
* First Asset low-risk ETF debuts on TSX.


* Stocks edge up as summer doldrums prevail. The big North American stock indices advanced marginally on the week as lighter volumes prevailed. The S&P 500 Composite Index managed a 0.7% gain for the week, while the Nasdaq Composite Index advanced 0.8%. Toronto’s benchmark S&P/TSX Composite Index also closed the week 0.7% higher from the previous week’s close, buoyed by the anticipation of a continuing string of strong quarterly earnings from Canada’s big banks. However, a weekly decline of -1.7% in the price of crude oil kept a lid on the energy sector, dampening overall TSX performance. Gold, meanwhile, rose 0.4% on the week, after a mid-day surge on Friday, following a large gold futures transaction just before Fed Chair Janet Yellen’s speech at a central bankers' confab in Jackson Hole, Wyoming.


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By Fund Library News Wire | Friday, August 18, 2017

By Mike Keerma

* Lightly-traded markets retreat with focus on geopolitics.
* BMO launches two new international funds.

* Lightly-traded markets retreat with focus on geopolitics.
The S&P/TSX Composite Index, Canada’s broad equity benchmark, lost -0.5% on the week, tracking losses on the U.S. blue-chip S&P 500 Composite gauge (down -0.7%) and the technology-weighted Nasdaq Composite Index, which retreated -0.6%, its fourth consecutive weekly loss. With typically lower summertime volumes prevailing, and a lack of any significant economic news or data, markets took their cues from geopolitical events, including the terrorist attacks in Spain last week and the resignation of U.S. President Trump’s strategist Stephen Bannon on Friday. North Korean tensions, meanwhile, have faded as President Kim Jong Un backed down on threats to launch missiles at the U.S. territory of Guam. While the price of crude oil jumped on Friday as the U.S. dollar weakened, oil still registered a -0.4% loss on the week, while gold, whose price tends to climb as a safe-haven asset in times of crisis, edged up through mid-week, but retreated during Friday’s session, closing the week with a -0.3% loss overall.


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By Fund Library News Wire | Friday, August 11, 2017

By Mike Keerma

The major North American stock indices retreated through the week, as tensions escalated between North Korea and the U.S. The CBOE Volatility Index (VIX), often referred to as the “fear gauge,” climbed to 15.51, its highest level since last November. Soft U.S. inflation in July combined with geopolitical fears to produce a -1.4% loss for the S&P 500 Composite Index on the week, while the Nasdaq Composite Index fell -1.5%. Toronto’s benchmark S&P/TSX Composite Index fell 2% as energy stocks retreated on a -1.5% decline in the price of crude oil on the week. Living up to its safe-haven status, gold gained 2.4% on the week, boosting the gold mining sector. The Canadian dollar also lost ground, closing the week at US$0.7807 as investors sought shelter in traditional strong currencies like the U.S. dollar, Swiss franc, and Japanese yen.


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By Fund Library News Wire | Friday, August 11, 2017

By Mike Keerma

* CI acquires Sentry.
* BMO ETF index and name changes.
* Brompton shutters precious metals fund.

* CI acquires Sentry. CI Financial Corp. and Sentry Investments Corp. announced on Aug. 10 that CI will acquire Sentry in a deal valued at $780 million. The takeover will combine two of Canada’s largest independent active asset managers.


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By Fund Library News Wire | Thursday, August 10, 2017

  

By Jay Bhutani, Senior Vice-President, AGF Investments Inc.

Factor investing is one of the most innovative approaches to earning strong, risk-adjusted returns over the long term while reducing volatility and drawdowns. But like all great innovations, factor investing continues to undergo refinements and enhancements to help investors of all kinds maximize the potential to reach their financial goals.


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By Fund Library News Wire | Friday, August 04, 2017

By Mike Keerma

A strong U.S. jobs report on Friday helped rally U.S. stock indices towards the end of a week that was dominated by choppy trading. However, while the Dow Jones Industrial Average closed at a record high 22,092.81 on Friday, the broader blue-chip benchmark S&P 500 Composite Index eked out an advance of just 0.2% on the week, while the Nasdaq Composite Index closed with a hairline retreat of -0.4% from last Friday’s close. Toronto’s benchmark S&P/TSX Composite Index gained 0.9% on the week, driven mainly by climbing energy shares and the halo effect of sizable U.S. creation. Gold slipped -0.3% and WTI crude oil edged down -0.6% on the week, having negligible effect on S&P/TSX performance last week.


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By Fund Library News Wire | Thursday, August 03, 2017



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

Whole Foods (NASDAQ: WFM) is the second announced takeout of a top five Pender Value Fund holding last quarter (following the Panera deal – see our previous post). WFM is also a holding in the Pender US All Cap Equity and the Pender Strategic Growth & Income Funds. But unlike PNRA, we are pleased about this announcement.


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By Fund Library News Wire | Friday, July 28, 2017

By Mike Keerma

The major U.S. and Canadian stock indices remained about flat on the week, despite surging Canadian GDP growth in May, a strong second-quarter reading on U.S. economic growth, and a stand-pat interest rate announcement by the U.S. Federal Reserve. Toronto’s benchmark S&P/TSX Composite Index edged down -0.4% on the week, even though both gold and crude oil made gains, with crude oil advancing 9% from last week’s close. New York’s blue-chip benchmark S&P 500 Composite Index remained flat on the week, while the Nasdaq Composite Index edged down a minuscule -0.2%.


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By Fund Library News Wire | Friday, July 28, 2017

By Mike Keerma

* Invesco changes fund name.
* RBC re-opens PH&N bond fund.
* Invesco fund mergers approved.
* Sun Life fund mergers.
* Evolve files for nine new ETFs.

* Invesco changes fund name. Invesco Canada announced that it will change the name of Invesco Intactive Strategic Yield Portfolio to Invesco Strategic Yield Fund. In a release the company said that the fund’s name is being changed to highlight the fund’s focus on yield.


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By Fund Library News Wire | Friday, July 21, 2017

By Mike Keerma

* U.S. stock markets back off record highs.
* BMO shutters income fund.

* Franklin Templeton launches new Canada fund.

* U.S. stock markets back off record highs. A subdued outlook and declining quarterly earnings from General Electric Co. (NYSE: GE) put the brakes on a week-long rally in U.S. stock markets, as the big indices retreated a notch or two in Friday’s session. Still, the S&P 500 Composite Index hit a record high last week and posted a 0.5% gain on the week overall. The Nasdaq Composite Index also posted a record high on Thursday, but retreated on Friday, advancing 1.2% for the week. Toronto’s benchmark S&P/TSX Composite Index also pulled back on Friday as crude oil prices retreated -2.6% on the week, and as Canada’s June inflation rate continued below the Bank of Canada’s target. However, the index was about flat for the week, as energy issues weighed on performance, while stronger retail sales in May helped cushion a futher decline. The retail sales data also gave the Canadian dollar a boost, which closed at US$0.7976 on Friday.


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By Fund Library News Wire | Friday, July 14, 2017

By Mike Keerma

The major U.S. and Canadian stock indices posted strong weekly gains, despite softer U.S. inflation and retail sales reports. Both gold and crude oil also rose on the week, as the U.S. dollar faded on soft inflation and retail sales data. Toronto’s benchmark S&P/TSX Composite Index advanced 1.0% on the week, fueled by a 5.1% weekly gain in the price of crude oil, a 1.3% rise in the price of gold. The Canadian dollar continued to climb against the U.S. dollar, closing the week at US$0.7905, as the Bank of Canada hiked its policy rate to 0.75%. The blue-chip U.S. benchmark S&P 500 Composite Index climbed 1.4% on the week, closing at a record high on Friday, while the Nasdaq Composite Index closed just shy of its record, gaining 2.6% on the week.


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