Last updated: Jan-19-2018

    
 
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Current news, updates, and market information.


By Fund Library News Wire | Friday, January 19, 2018

By Mike Keerma

The big North American stock indices racked up gains on the week again, despite an interest rate hike by the Bank of Canada and uncertainty over a U.S. federal government funding bill stalled in the Senate going into the weekend. Bullish sentiment remained strong in the U.S. markets, as 79% of companies reporting quarterly earnings exceeded street estimates. Even a 14.5% weekly plunge in beleaguered Dow Jones Industrial bellwether General Electric Co. (NYSE: GE) wasn’t enough to derail the market momentum train. The buoyant financial and industrial sectors led Toronto’s benchmark S&P/TSX Composite Index to a 0.3% weekly gain, even as weekly losses in both crude oil and gold dampened performance. The big U.S. blue-chip S&P 500 Composite Index closed the week with an advance of 0.9%, while the tech-weighted Nasdaq Composite Index gained 1.0%, as both gauges ended the week at new record high closes.


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By Fund Library News Wire | Monday, January 15, 2018

A SPECIAL REPORT FROM



By Sayem Hossain, Analyst, Analytics & Data, Fundata Canada Inc.

Cryptocurrencies have been much in the news recently. In fact, it’s been hard to avoid headlines recently about “Bitcoin” or “Ethereum.” And stories about how you’d now be a millionaire “if only you had purchased US$100 in Bitcoins six years ago” are fascinating to be sure, even if there’s more than just a whiff of 20/20 hindsight to them. But with cryptocurrencies still very much in the news, is there a way for the average investor to get into these things? An even more important question: Should you?


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By Fund Library News Wire | Friday, January 12, 2018

By Mike Keerma

The major U.S. stock market gauges logged another week of gains, as investor sentiment was buoyed by gains in the financial sector and expectations of strong earnings growth for the fourth-quarter earnings season, and by growing optimism about the state of the U.S. economy following the passage of a major tax reform bill. Markets ignored an uptick in core U.S. inflation in December, and continued their record-setting ways, closing at fresh record highs on Friday. The tech-weighted Nasdaq Composite Index advanced 1.7% on the week, despite an announcement from Facebook Inc. (NASDAQ: FB) that it will favor personal over business and media newsfeeds, a move that could hit its bottom line. Fuelled by generally ebullient investor sentiment, the S&P 500 Composite Index gained 0.7% on the week. But Toronto’s S&P/TSX Composite Index lagged, closing down 0.3% on the week, despite weekly gains in both crude oil and gold.


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By Fund Library News Wire | Thursday, January 11, 2018



By Aubrey Basdeo, Managing Director, Head of Canadian Fixed Income, BlackRock

What does a flattening yield curve mean these days? Perhaps not what it used to. No doubt, the slope of yield curve, as measured by the spread between two- and 10-year government bonds, has been flattening since 2014 in both Canada and the United States, and the trend has recently intensified: During the month of November, the spread between Canada 10-years and two-years fell by 10 basis points, while the Treasury curve tightened by nearly 20 bps. As we headed into December, the curve sat at its flattest level since the Great Recession.


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By Fund Library News Wire | Friday, January 05, 2018

By Mike Keerma

Stock markets kept popping the champagne corks during the first week of the new year as the big U.S. indices posted four straight days of gains, setting fresh closing record highs, and extending the bull market into 2018. Market sentiment was buoyed by the passage of a major U.S. tax reform bill with major corporate tax cuts, a healthy December labor report indicating 148,000 new jobs, solid corporate earnings, and rising commodity prices. The broad U.S. blue-chip S&P 500 Composite Index gained 2.6% on the week, while the tech-weighted Nasdaq Composite Index advanced 3.4%. Toronto’s benchmark S&P/TSX Composite Index rose 0.9% on the week, setting a record intra-day high on Thursday before tracking back late in the week. Crude oil rallied 1.9% on the week despite a late-week selloff that weighed on TSX daily performance on Friday, while gold rose 0.9%.



2017 Year-End Market Summary


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



By Todd Schlanger, Senior Investment Strategist, Investment Strategy Group, Vanguard Group, Inc.

Key highlights of Vanguard’s Risk Speedometers

* Our risk speedometers show investors’ willingness to take on risk edged slightly higher over the past month as stock prices continue to rise.
* Investment risk continues to be well balanced overall, which is an encouraging sign amid Canadian and global equity market outperformance.
* The trend toward global diversification continued as flows went into global categories and out of Canadian categories.


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



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

At Pender, we are often asked about our cash levels, because it fluctuates over time depending on the individual Fund mandate and the opportunity set. One of the common misconceptions regarding some Pender mandates is that most outsiders think we have generated good risk-adjusted returns despite holding cash. However, we are of the view that good risk-adjusted returns have been achieved because of the opportunistic deployment of cash over the cycle. Without that cash, it would be impossible to deploy capital when individual stocks drop and “fat pitches” suddenly become available, or when the market enters one of its recurring corrections and great opportunities become more widespread.


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

  

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

In 1992, Major League Baseball’s Oakland A’s pioneered the combination of traditional scouting practices with statistical analysis of players. Like baseball, investing contains a wealth of data and metrics which can be analyzed to inform decisions.


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

By Mike Keerma

* Arrow debuts actively-managed bond ETF .
* First Asset closes covered call ETF.
* iA Financial launches a barrage of new funds and portfolios.
* Mackenzie’s new RI ETF begins trading.
* Desjardins launches adds to controlled volatility ETF lineup.
* Invesco switches exchanges for PGL.
* Mutual fund assets balloon to $1.47 trillion in October.

* Arrow debuts actively-managed bond ETF . Toronto-based portfolio manager Arrow Capital Management Inc. launched its first actively managed exchange-traded fund, the Exemplar Investment Grade Fund (TSX: CORP), which aims to remove interest rate exposure of corporate bonds, thereby protecting investors from capital losses due to rising rates. The fund, sub-advised by East Coast Fund Management Inc., uses a credit strategy aiming for attractive risk-adjusted returns with low volatility and capital preservation.


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

By Mike Keerma

The main North American stock market gauges turned higher on the week following the release of robust U.S. job-creation data. Markets also cheered progress between the U.K and the European Commission on Brexit talks. The broad U.S. blue-chip S&P 500 Composite Index advanced 0.4% on the week, closing at a record high on Friday, while the Nasdaq Composite Index ended the week flat. The Dow Jones Industrial Average also closed Friday at a record high of 24,329.16. Canada’s benchmark S&P/TSX Composite Index gained 0.4% on the week. Gold slid 2.6% on the week, while crude oil dropped 1.7% on rising U.S. production and increasing gasoline inventory.


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

By Mike Keerma

* Stock indices edge down on Washington volatility contagion.
* Bank profits soar.
* Manulife re-opens flagship fund.
* Manulife launches two multi-factor ETFs
* Horizons debuts robotics ETF.

* Stock indices edge down on Washington volatility contagion. The major North American stock indices turned in mixed results last week, as turmoil in Washington, DC on Friday infected markets on Friday and resulted in selloffs and losses on the day for all the main market gauges. The blue-chip S&P 500 Composite Index was the only benchmark to advance on the week, gaining 1.5%. Toronto’s S&P/TSX Composite Index drifted down 0.4% through the week, as strong bank earnings and a positive jobs report failed to overcome slipping crude oil, which lost 1.1% on the week. The Nasdaq Composite Index also fell 0.6% on the week.


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By Fund Library News Wire | Tuesday, November 28, 2017



By Joe Davis, Global Head, Investment Strategy Group, Vanguard Group, Inc.

As interest rates in Canada trend upward, monetary policy in the United States is likewise returning to normal after a decade of extraordinary measures to stimulate economic growth. As Vanguard forecast last year, the United States Federal Reserve is entering on “Phase Two” of its path to policy normalization: the reduction of its balance sheet of about $5.7 trillion in securities (mostly U.S. government bonds) acquired as part of the Fed’s economic stimulus efforts during and after the global financial crisis. ( Figures cited are in Canadian dollars, at October 2017 exchange rates. )


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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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