By Fund Library News Wire | Thursday, April 18, 2019
By Mike Keerma
Mixed first-quarter earnings reports kept investors on the defensive as the
major U.S. stock market indices remained mostly flat on the week. Canada’s
S&P/TSX Composite Index
logged a near 1% advance on the week, on slightly accelerating inflation in
March, rising retail sales in February, and a narrowing trade deficit. In
the U.S., absent a catalyst to move markets higher (for example a
U.S.-China trade deal or confirmation of a bottom to soft growth in China
and Europe), the
S&P 500 Composite Index
flatlined on the week, while the
Nasdaq Composite Index
gained a marginal 0.2%.
Mackenzie Floating Rate Income Fund
invests in a diversified portfolio of floating-rate loans and notes. These
are usually loans issued by companies whose payout fluctuates with the
prevailing rate of interest in the economy. The rate paid is typically
based on a well-known benchmark rate such as LIBOR.
It’s tax filing season but smart taxpayers will turn this into tax planning
season, too. The key question for couples working with tax specialists: how
do we maximize our retirement income potential? There are three specific
goals to consider.
In late January, Fundata presented its 2018 FundGrade A+® Awards at its
annual Evening of Excellence held at The Globe and Mail Centre in Toronto.
The awards are given to eligible mutual funds, exchange-traded funds
(ETFs), and segregated funds, with seg funds ranked separately, and are
based on up to 10 years of risk-adjusted performance to the end of 2018.
ETFs were well represented at the awards with a total of 41 winners from
seven ETF providers.