Ethical, or socially responsible, investing has been growing in popularity
recently as more people look to do the right thing with their investment
NEI Ethical Canadian Equity Fund, managed by Calgary based QV Investments, is one of the oldest, and
best-managed funds currently available in the socially-responsible
investing space. Here’s a look at what makes this fund tick.
According to the Bank of Canada, the record low for the Canadian dollar
against the U.S. dollar, since October 1950, was recorded on the Jan. 21,
2002 – just over 15 years ago – when the loonie was worth just 62¢. But
there have been some rebounds lately; and this means for some, there may be
a tax consequence.
Some investors may believe that natural disasters lead to increased
economic growth. In the short run, this may appear to be the case. For
example, American manufacturing expanded last month at the fastest pace in
13 years, in part due to the effects of Hurricanes Harvey and Irma. But
fortunately, we have the late French economist, Frédéric Bastiat, to set
enquiring minds straight: Destruction does not benefit the economy.
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%.
– I’ve been going through a particularly contentious divorce process, and I
haven’t had the time or inclination to think about my own financial future.
Do you have any advice for people like me, who suddenly find themselves
single again? – Rhonda C., Toronto, Ontario