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1/22/2017 12:49:40 AM
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Current news, updates, and market information.


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

By Mike Keerma

*
Stocks mostly flat on the week.
* Horizons launches currency fund.
* IA Clarington debuts RI bond fund.

North American stock indices closed generally higher on Friday, following the inauguration of Donald Trump as the 45th U.S. president. However, U.S. markets eased back on the week overall, closing just slightly below breakeven, as investors digested an increase in December’s all-items consumer price index to an annual 2.1% rate, raising concerns about the possibility of rising rates and a stronger dollar, against a backdrop of the potential for protectionist trade policies reiterated by President Trump during his inaugural address. The S&P 500 Composite Index closed Friday with a marginal weekly loss of -0.2%, while the Nasdaq Composite Index lost -0.3% on the week. Toronto’s benchmark S&P/TSX Composite Index advanced 0.3% on the week, buoyed by the rising price of both crude oil and gold.


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

By Mike Keerma

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U.S. banks shine, but stocks remain flat on the week.
* Precious metals, resources dominate fund performance in 2016.

*
U.S. banks shine, but stocks remain flat on week. Strong quarterly U.S. bank earnings helped the major North American stock indices rally on Friday ahead of a U.S. long weekend. Strong earnings reports from U.S. financial majors like J.P. Morgan Chase & Co. (NYSE: JPM) and Bank of America Corp. (NYSE: BAC) raised hopes for strong fourth-quarter earnings overall, and fed into gains in Canada’s financial sector as well. However, crude oil prices fell 2% on the week, on the absence of any evidence that Opec’s widely reported production cut agreement has taken effect. As a result, Toronto’s benchmark S&P/TSX Composite Index remained flat on the week, as did the U.S. blue-chip S&P 500 Composite Index. The Nasdaq Composite Index advanced 1% on the week on continuing strength in technology stocks, closing at a fresh record. In addition, gold rallied 2% on the week over growing anxiety over China’s economic health.


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By Fund Library News Wire | Monday, January 09, 2017

  

By Mark Raes, Head of Product, BMO Asset Management Inc.

Fixed-income exchange traded funds (ETFs) are one of the most popular and fastest growing segments of the ETF market. They appeal to investors by trading like equities while providing exposure to a diversified basket of bonds. Investors recognize that ETFs are easy to use, offer additional liquidity, and help to minimize trading costs.


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

By Mike Keerma

* Stocks post strong gains in early New Year’s rally.
* Horizons ETFs to shut down advisor-class units.

* Stocks post strong gains in early New Year’s rally. Spurred on by hopes for greater U.S. economic stimulus in the early days of the new Trump Administration, and a positive U.S. job creation report for December, the benchmark North American stock indices closed the week with respectable gains, propelled by the financial and technology sectors. Both the blue-chip S&P 500 Composite Index and the Nasdaq Composite Index logged their first record highs for the year during Friday’s session, as the S&P 500 gained 1.7% on the shortened trading week, while the Nasdaq advanced 2.6%. The venerable Dow Jones Industrial Average came within a hair’s-breadth of reaching an all-time record-high 20,000 level in Friday’s session, but failed to breach that threshold and eased back to end the day at 19,963.80. Toronto’s benchmark S&P/TSX Composite Index started the New Year off with a robust 1.4% gain for the week.


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By Fund Library News Wire | Friday, December 30, 2016

By Mike Keerma

North America stock markets finished 2016 in the black, posting solid gains for the year overall. Toronto’s benchmark S&P/TSX Composite Index logged the strongest gains (in domestic currency terms), rising 17.5% on the year, supported by the recovering price of crude oil, which surged 45% for the year. The U.S. blue-chip S&P 500 Composite Index gained steadily through the year as the U.S. economy continued to expand steadily and both business and consumer confidence improved. The election of Donald Trump as president was seen by markets as a net positive for U.S. business growth and contributed to a fourth-quarter stock market rally, which also saw the U.S. Federal Reserve Board raise its key rate by 25 basis points for the first time since December 2015. The Nasdaq Composite Index advanced 7.5% for the year on generally positive gains in the technology sector. Though the price of gold plunged in the second half as traders migrated back to equity markets, gold still managed to gain 8.6% for the year.


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By Fund Library News Wire | Tuesday, December 27, 2016



By Mark Taucar, Accilent Capital Management

Prevailing strategies used to market financial products to clients rely on subjectivity to forecast outcomes, creating complex and compelling-sounding opportunities that have most clients buy into the traditional “tire-kicking” analysis. As clients, we tend to buy into these very nuanced stories, and we attribute great insight to those who convey their insight in such a manner.


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By Fund Library News Wire | Friday, December 16, 2016

By Mike Keerma

* Fed rate hike, China’s sabre rattling stall markets.
* Invesco to edit names and symbols of six PowerShares ETFs.

* China’s sabre rattling stall markets. The benchmark North American stock market indices edged back marginally on the week, bringing to an end several weeks of gains. Investors took a breather following the U.S. Federal Reserve Board’s decision on Wednesday to hike its fed funds rate by 25 basis points. Traders were spooked on Friday after reports that an unclassified U.S. Navy underwater scientific drone had been seized in the South China Sea by Chinese navy ships that had been shadowing the U.S. naval ship. It provided a good excuse for profit taking, following a string of record highs for the big U.S. indices. Both the S&P 500 Composite Index and the Nasdaq Composite Index closed the week nearly flat, each with a -0.1% loss on the week. Cushioned somewhat by continued strength in the price of crude oil, Toronto’s benchmark S&P/TSX Composite Index posted a -0.4% retreat on the week, a consequence mostly of the Fed’s rate hike.


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By Fund Library News Wire | Friday, December 09, 2016

By Mike Keerma

The epic stock market rally continued, as the major North American indices all logged robust gains for another week, against a backdrop of European Central Bank easing, the possibility of crude oil production cutbacks by key non-Opec producers this weekend, and an anticipated rate increase by the U.S. Federal Reserve next week. The U.S. blue-chip S&P 500 Composite Index surged 3.1% on the week and the Nasdaq Composite Index gained 3.6%. Both indices closed at a record high. Toronto’s benchmark S&P/TSX Composite also continued its rally, advancing 1.7% on the week, buoyed by strong gains in the energy and financial sectors. The index is now up 17.7% year to date.


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By Fund Library News Wire | Thursday, December 08, 2016

By Mike Keerma

* Horizons launches blue-chip European equity ETF.
* Bridgehouse announces fund mergers.
*
Russell revises risk ratings on six funds.
* National Bank hires bond maven Bill Gross to manage fund.
* RBC launches rules-based Canadian equity fund.
* Dynamic Funds to partner with BlackRock on active ETFs.

* Horizons launches blue-chip European equity ETF. Horizons ETFs Management debuted its Horizons EURO STOXX 50 Index ETF (TSX: HXX). The fund aims to provide exposure to the performance of 50 of the largest, sector-leading companies in Europe.


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By Fund Library News Wire | Friday, December 02, 2016

By Mike Keerma

Following three weeks of steady advances in November, stock markets took a breather, closing in the red for the week, against a backdrop of slower-than-expected U.S. job gains and a deal by Opec to reduce production of crude oil. While the S&P 500 Composite Index gained 2% month-over-month in November, it posted a -1% weekly loss at the close on Friday. The Nasdaq Composite Index, which recorded a 3.4% monthly gain in November, backed off in the first couple days of December to record an steep weekly loss of -2.7%. Toronto’s S&P/TSX Composite Index, however, was cushioned by the 12% week-over-week gain in crude oil prices, and posted only a hairline loss of 0.2% on the week.


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By Fund Library News Wire | Tuesday, November 29, 2016



By Karl Cheong, Senior Vice President, First Trust Portfolios Canada.

Sectors are a segment of the economy in which businesses share a similar product, service or function. For instance, the Consumer Staples sector includes industries such as food products, household products, and beverages. With sector ETFs, you own a diversified basket of similar companies targeting different segments of the economy, which reduces the risk of owning an individual stock. Sector ETFs can also help investors pursue a variety of strategic and tactical investment goals such as sector rotation strategies or thematic investing.


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By Fund Library News Wire | Friday, November 25, 2016

By Mike Keerma

Stock markets added to post-U.S. election gains again last week, as the S&P 500 Composite Index closed at a record high on a trading week shortened by the U.S. Thanksgiving holiday on Thursday and a half-day session on Friday. The Nasdaq Composite Index likewise closed at an all-time high on Friday. Both U.S. indices gained 1.4% on the week. Toronto’s benchmark S&P/TSX Composite Index, meanwhile, also racked up impressive gains, advancing 1.4% on the week, and climbing over the 15,000 level for the first time in more than a year and is now ahead nearly 16% year to date. Gold lost more ground last week, dropping to US$1,180 per ounce, for a -2.0% loss on the week, its fourth consecutive weekly loss.


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By Fund Library News Wire | Friday, November 18, 2016

By Mike Keerma

Major stock made advances for another week last week, with some reaching record levels, as the U.S. dollar index spiked to 13-year highs and the yield on the U.S. 10-year Treasury notes touched fresh year-to-date highs. Meanwhile, Federal Reserve Board Chairwoman Janet Yellen gave the clearest indication yet that a rate hike is due “relatively soon,” with analysts reading that to mean the Fed is likely to pull the trigger in December. The S&P/TSX Composite Index posted a 2.1% weekly advance, as financials and energy gained momentum. The U.S. blue-chip S&P 500 Composite Index also edged up 0.8% on the week, while the Nasdaq Composite Index gained 1.6%. Gold lost 1.3% on the week, continuing its downtrend for a second straight week.


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By Fund Library News Wire | Thursday, November 17, 2016

By Mike Keerma

* Franklin Templeton launches new fixed-income funds
.
* Horizons consolidates units of VIX Bull Plus ETF.
* BMO terminates bond ETF.

* Franklin Templeton launches new fixed-income funds.
Franklin Templeton Investments Corp. debuted the Franklin Quotential Fixed Income Portfolio and Franklin Bissett Canadian Government Bond Fund that it says are for investors seeking diversified fixed-income investments to help manage risk.


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By Fund Library News Wire | Friday, November 11, 2016

By Mike Keerma

U.S. stock markets surged on the week, while the yield on the benchmark U.S. 10-year Treasury note, which had already been trending up since early July, climbed to 2.12% from 1.83% on Monday, its highest close since Jan. 11. Following Donald Trump’s victory in Tuesday’s U.S. presidential elections, and renewed Republican majorities in Congress, stock market sentiment became increasingly bullish, driving the S&P 500 Composite Index to a 3.8% weekly gain and the Dow Jones Industrial Average to record high close of 18,847.66, gaining 5.4% on the week. Declining commodity prices, led by gold, which lost -6.2% on the week, and crude oil, which retreated -2.2%, dampened Toronto’s benchmark S&P/TSX Composite Index, which nevertheless edged up 0.3% on the week.


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By Fund Library News Wire | Friday, November 04, 2016

By Mike Keerma

All the major North American stock indices ground down for the week, as the plunging price of crude oil (-9.3% loss on the week) sank Canada’s benchmark S&P/TSX Composite Index to a -1.9% weekly loss, while south of the border, pre-election jitters and an apparently more hawkish Federal Reserve wreaked havoc on both the S&P 500 Composite Index (down -1.9%) and the Nasdaq Composite Index (down -2.8%).


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By Fund Library News Wire | Thursday, November 03, 2016

By Mike Keerma

* First Asset merges and winds up funds.
*
It’s a GAS: Auspice launches new ETF.
* Purpose launches two new income ETFs with option collars.
* OceanRock expands Meritas SRI Impact Investing holdings.

* First Asset merges and winds up funds. First Asset Investment Management Inc. announced the completion of the merger of First Asset Preferred Share Investment Trust (TSX: PSF.UN) with First Asset Preferred Share ETF (TSX: FPR) after close of business on Nov. 1, 2016. Each issued and outstanding unit of the PSF.UN received 0.29955 unit of FPR.


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By Fund Library News Wire | Monday, October 31, 2016



By Atul Tiwari, Managing Director, Vanguard Investments Canada Inc.

ETFs continue to gain momentum as global ETF assets reached a new record high of $3.3 trillion.1 Canada is a part of this popularity as ETF assets are well over $100 billion, with 20% growth year-over-year.2


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By Fund Library News Wire | Friday, October 28, 2016

By Mike Keerma

Stock markets slipped into the red for the week, pressured by a global government bond selloff on Thursday, and a renewed investigation by the U.S. Federal Bureau of Investigation into presidential candidate Hillary Clinton’s use of a private email server while she was Secretary of State in the Obama Administration. The blue-chip S&P 500 Composite Index lost -0.7% on the week, while less-than-brilliant quarterly results from Amazon.com Inc. and Apple Inc. dragged the Nasdaq Composite Index to a -1.3% loss. Toronto’s benchmark S&P/TSX Composite Index fell -1% on the week, as the energy sector weakened following a -4.5% drop in the price of West Texas Intermediate crude oil on the week, after Opec members failed to reach a production-cap agreement.


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By Fund Library News Wire | Friday, October 21, 2016

By Mike Keerma

* TSX rallies on energy, gold.
* First Asset launches three ETFs based on CIBC Index Strategies.

Pressured by the prospect of another quarter of fading corporate profitability, and troubled by uncertainties surrounding the U.S. election and the timing of the Fed’s next rate hike, the S&P 500 Composite Index edged up a barely visible 0.4% on the week, while the Nasdaq Composite Index posted a 0.8% advance. Toronto’s benchmark S&P/TSX Composite Index, buoyed by a rally in energy issues and a 1.2% gain in the price of gold, posted a more robust 2.4% advance on the week.


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