By Fund Library News Wire | Friday, November 16, 2018
By Mike Keerma
* Stocks lose ground.
* Desjardins closes two funds.
* Evolve launches active global bond ETF.
* TD launches three active ETFs.
* Stocks lose ground.
North American stock indices posted losses on the week, as market sentiment
soured on turmoil in the British government over Brexit negotiations and
continuing uncertainty about U.S. trade tension with China, despite U.S.
President Trump’s comments on Friday that it may not be necessary to add
additional tariffs to China or raise existing ones. The slight uptick in
Friday’s session wasn’t enough to overcome a 2.2% loss on the week for the
Nasdaq Composite Index, as semiconductor maker
NVIDIA Corp. (NASDAQ: NVDA)
reported disappointing quarterly earnings and forecast declining
fourth-quarter revenue, while
Facebook Inc. (NASDAQ: FB)
contended with more turmoil over its response to Russian propaganda on its
site. The blue-chip
S&P 500 Composite Index
dropped 1.6% on the week, while Toronto’s
S&P/TSX Composite Index
fell 0.8%, feeling the drag of the 5.1% weekly drop in the price of
– The shopping excitement around “Black Friday” is definitely contagious,
and I admit I’ve fallen victim to the hype in past years, both online and
in retail stores, buying way more than I really intended. Can you explain
how Black Friday came to be such a big thing, and how consumers might
protect themselves against all the marketing razzle-dazzle? – Rose L., Markham, Ontario
The claims for medical expenses incurred for travel and modifying your home
can be quite lucrative, but you’ll need to know what documentation to keep,
because these are two areas that can attract the tax auditor. Here’s what
you need to know
EdgePoint is the little Toronto-based money manager that could. Its four
Fundata FundGrade A+® Awards
in 2017 prove the point.
EdgePoint Global Growth & Income Fund
is one of the FundGrade A+ Award winners, having attained the Award every
year since 2013, and is EdgePoint’s global balanced offering, investing in
companies anywhere in the world. With a fair bit of flexibility in asset
mix, the portfolio was weighted 53% to equity and 47% to fixed income at
the end of September.
In my estimation, what we’ve seen in the markets recently is a healthy
selloff in a broader bull phase that will eventually stabilize. Much of the
market’s actions have been driven by one of the strongest bull quarters
(quarters that haven’t immediately followed a low from a major selloff) in
this now 10-year long recovery from 2008-09 market crash. The motivation
was really driven by many who may have wished to take profit or became
skittish at the prospects of what the new earnings season may uncover.
There are five key reasons I feel the selling will abate and that a floor
will be set, at least for the short-term – until next earnings season in
the first quarter of 2019.