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By Fund Library News Wire | Thursday, October 19, 2017

  

By Mark Brisley, Managing Director and Head of Dynamic Funds

“Preparing for a rainy day” may be the best way to describe the direction of the U.S. stock market with the three most recognized indexes – the Dow Jones Industrial Average, the S&P 500 Composite, and the Nasdaq Composite – having notched solid, double-digit gains to the end of August. Taking a longer view, the current U.S. equity bull market has boosted share prices by about 260% in a little over eight years to the middle of the third-quarter 2017. This makes it one of the longer and stronger uptrends in post-war history. So it’s not surprising that this cycle’s duration – in concert with depressed volatility readings, concerns about narrowing market participation, monetary tightening and stretched valuations – has some investors reviewing their passive U.S. equity ETF allocation.


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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%.


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

By Mike Keerma

* iA Clarington launches three new bond funds.
* Evolve launches auto and dividend ETFs.
* Horizons launches EAFE ETF.
* Dynamic teams with iShares on three new ETFs.
* U.S. Global Investors debuts gold-focused ETF.

* IA Clarington launches three new bond funds. iA Clarington Investments Inc. debuted three mutual funds with a roster of blue-chip managers and subadvisors, including Forstrong Global Asset Management and U.S.-based Pinebridge Investments with US$85 billion assets under management.


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By Fund Library News Wire | Thursday, October 05, 2017



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

“The markets are moved by animal spirits, and not by reason.” – John Maynard Keynes

The year started in the midst of one of the greatest bull markets in history. It has only strengthened in 2017. The S&P500 bull market is now the second longest (trailing only the 1990-2000 cycle during the dot-com era) and the third strongest in history.


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

By Mike Keerma

Toronto’s benchmark stock index, the S&P/TSX Composite Index closed the month at its highest point in four months, logging a 1.2% gain on the week, 2.8% on the month, and 3% for the quarter. Despite a flat Canadian GDP report for July, the index was buoyed by strength in the financial sector and is now ahead 2.3% year to date. Reacting to more hawkish comments from Federal Reserve Chairwoman Janet Yellen and a tax-reform announcement from President Donald Trump, the big U.S. stock gauges also registered gains. Both the S&P 500 Composite Index and the Nasdaq Composite Index wrapped up the week, month, and quarter on a high note, closing at record highs on Friday. The S&P 500 closed up 0.7% on the week, while the Nasdaq Composite advanced 1.1%. Crude oil rose 1.8% on the week, remaining above US$50/barrel, while gold flagged, losing 1.4% on the week, for a 3.1% loss overall in September.


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By Fund Library News Wire | Thursday, September 28, 2017



By Bill McNabb, Chairman and CEO, Vanguard Group, Inc.

More than a decade ago, a well-known American investor and commentator published a memo to his clients titled simply “Risk.” In it, he distilled the relationship between investors and risk. “When you boil it all down, it’s the investor’s job to intelligently bear risk for profit,” he wrote. It’s not surprising, then, that everyone from portfolio managers to behavioural economists avidly studies how investors’ reactions to risk influence not only their individual investment decisions but also the broader financial markets.


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By Fund Library News Wire | Friday, September 22, 2017

By Mike Keerma

* U.S. indices flat on the week, TSX rallies.
* Mackenzie to merge funds.
* Educators changes fund name.
* WisdomTree introduces three dividend ETFs.
* Evolve launches gender diversity and cyber ETFs.
* First Asset debuts global dividend ETF.

* U.S. indices flat on the week, TSX rallies.
Toronto’s broad benchmark stock gauge, the S&P/TSX Composite Index, advanced 1.9% on the week, buoyed by the financial sector and a 1.7% rise in the price of crude oil. The big U.S. indices closed Friday flat on the week, following five days of choppy, directionless trading as investors digested the Federal Reserve Board’s decision to leave interest rates unchanged, while modestly reducing its US$4.5 trillion balance sheet. Investors shrugged off concerns over North Korean threats to test another nuclear bomb. The S&P 500 Composite Index edged up a scant 0.1% on the week, while the Nasdaq Composite Index ticked down 0.3%. Shares of Apple Inc. (NASDAQ: AAPL) contributed to the indices’ sluggish performance on the week as the price fell following the launch of its iPhone 8, with its iPhone X slated to launch Nov. 3. Apple is now down 7.4% since the end of August.


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

A SPECIAL ANNOUNCEMENT FROM



Fund-level exposure to overall ESG Quality Score, Sustainable Impact, ESG Leaders and Laggards, and SRI Screening Criteria Exposure

TORONTO, ON [9/21/2017] – Fundata today announced that MSCI ESG Fund Metrics will be available on its platform, initially via fund snapshots and later incorporated in data feeds. The metrics offer users transparency on the environmental, social, and governance (ESG) quality and characteristics of Canadian-domiciled mutual funds and ETFs.


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

  

By Mark Brisley, Managing Director and Head of Dynamic Funds

One of the fastest-growing segments in the investment universe is active exchange traded funds (ETFs). In Canada, the number of active ETFs has grown from 82 in December 2014 to over 143 at the end of last year1. Over the same two-year time frame, assets have more than doubled, reaching a record $17 billion in 2016. Although that’s just a sliver of the overall $1.3-trillion Canadians have invested in mutual funds, it’s big enough to start turning heads.


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

  

By Mark Brisley, Managing Director and Head of Dynamic Funds

One of the fastest-growing segments in the investment universe is active exchange traded funds (ETFs). In Canada, the number of active ETFs has grown from 82 in December 2014 to over 143 at the end of last year1. Over the same two-year time frame, assets have more than doubled, reaching a record $17 billion in 2016. Although that’s just a sliver of the overall $1.3-trillion Canadians have invested in mutual funds, it’s big enough to start turning heads.


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By Fund Library News Wire | Friday, September 15, 2017

By Mike Keerma

* S&P 500 hits another record high, crosses 2,500
* TD launches two new equity funds with North American focus.
* Invesco introduces two new income-focused ETFs.


* S&P 500 hits new record high, crosses 2,500.
The U.S. blue-chip benchmark S&P 500 Composite Index closed at a record high on Friday, crossing the psychologically significant 2,500 threshold for the first time ever. The index advanced 1.6% on the week. The run was spurred on by gains the technology sector, led by semiconductor stocks and boosted by an advance in smartphone maker Apple Inc. (NASDAQ: AAPL), which saw its share price rise after introducing its new iPhones last Tuesday. The Nasdaq Composite Index, which has a heavy tech-sector weighting, gained 1.4% on the week, and is now ahead nearly 20% year to date. Toronto’s S&P/TSX Composite Index rose 1.3% on the week, as the price of crude oil surged 4.8% from the previous week’s close. Gold, meanwhile, gave back some of its previous gains, dropping 2.0% over the week, as investors shrugged off another missile test by North Korea.


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By Fund Library News Wire | Friday, September 15, 2017

By Mike Keerma

* S&P 500 hits another record high, crosses 2,500
* TD launches two new equity funds with North American focus.
* Invesco introduces two new income-focused ETFs.


* S&P 500 hits new record high, crosses 2,500.
The U.S. blue-chip benchmark S&P 500 Composite Index closed at a record high on Friday, crossing the psychologically significant 2,500 threshold for the first time ever. The index advanced 1.6% on the week. The run was spurred on by gains the technology sector, led by semiconductor stocks and boosted by an advance in smartphone maker Apple Inc. (NASDAQ: AAPL), which saw its share price rise after introducing its new iPhones last Tuesday. The Nasdaq Composite Index, which has a heavy tech-sector weighting, gained 1.4% on the week, and is now ahead nearly 20% year to date. Toronto’s S&P/TSX Composite Index rose 1.3% on the week, as the price of crude oil surged 4.8% from the previous week’s close. Gold, meanwhile, gave back some of its previous gains, dropping 2.0% over the week, as investors shrugged off another missile test by North Korea.


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By Fund Library News Wire | Saturday, September 09, 2017

By Mike Keerma

North American stock markets posted losses on a shortened trading week, as investors dampened their appetite for risk against a backdrop of continuing geopolitical tension over a potential North Korean missile test and the effects of Hurricane Irma on Florida this weekend. The S&P 500 Composite Index logged a loss of 0.6% on the week, while the Nasdaq Composite Index pulled back 1.2%. Toronto’s benchmark S&P/TSX Composite Index retreated 1.4% on the week against a backdrop of a Bank of Canada rate hike and a decline in the price of crude oil. Gold, meanwhile, rose 1.5% on the week, and is now up 17.4% since the beginning of the year. The Canadian dollar finished the week higher, at US$0.822.


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

By Mike Keerma

North American stock markets posted losses on a shortened trading week, as investors dampened their appetite for risk against a backdrop of continuing geopolitical tension over a potential North Korean missile test and the effects of Hurricane Irma on Florida this weekend. The S&P 500 Composite Index logged a loss of 0.6% on the week, while the Nasdaq Composite Index pulled back 1.2%. Toronto’s benchmark S&P/TSX Composite Index retreated 1.4% on the week against a backdrop of a Bank of Canada rate hike and a decline in the price of crude oil. Gold, meanwhile, rose 1.5% on the week, and is now up 17.4% since the beginning of the year. The Canadian dollar finished the week higher, at US$0.822.


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

By Mike Keerma

* Stocks make strong gains on the week.
* First Asset launches tech giants ETF.
* Hamilton Capital debuts mid-cap financial sector ETF.


Stock market made gains on the week, on lighter-than-normal volumes ahead of the Labour Day long weekend in both Canada and the U.S. Toronto’s S&P/TSX Composite Index advanced nearly 1% week over week, as Canada’s economy posted 4.5% quarter-over-quarter growth (or 3.7% annualized) in the April to June period, while the big banks reported estimate-beating earnings, helping boost the index’s weekly performance. U.S. stock markets surged, with the S&P 500 Composite Index gaining 1.4% on the week, while the Nasdaq Composite Index rose 2.7%, to close at yet another record high close, its 46th this year, as a softer-than-expected jobs report for August led to speculation that the Federal Reserve Board would cool on its hawkish tilt for a rate hike in December. Crude oil slid 1% on the week, while gold rose 2.7%.


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By Fund Library News Wire | Thursday, August 31, 2017



By Kurt Reiman, Director, Chief Investment Strategist for Canada

The rollercoaster ride in oil prices over the past three years may be old hat to investors familiar with the commodity’s historical sensitivity to macro events (see chart below), but oil price volatility is by no means endemic, and several factors are now lining up to suggest a calmer period for crude may lie ahead.


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By Fund Library News Wire | Friday, August 25, 2017

By Mike Keerma

* Stocks edge up as summer doldrums prevail
* First Asset low-risk ETF debuts on TSX.


* Stocks edge up as summer doldrums prevail. The big North American stock indices advanced marginally on the week as lighter volumes prevailed. The S&P 500 Composite Index managed a 0.7% gain for the week, while the Nasdaq Composite Index advanced 0.8%. Toronto’s benchmark S&P/TSX Composite Index also closed the week 0.7% higher from the previous week’s close, buoyed by the anticipation of a continuing string of strong quarterly earnings from Canada’s big banks. However, a weekly decline of -1.7% in the price of crude oil kept a lid on the energy sector, dampening overall TSX performance. Gold, meanwhile, rose 0.4% on the week, after a mid-day surge on Friday, following a large gold futures transaction just before Fed Chair Janet Yellen’s speech at a central bankers' confab in Jackson Hole, Wyoming.


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By Fund Library News Wire | Friday, August 18, 2017

By Mike Keerma

* Lightly-traded markets retreat with focus on geopolitics.
* BMO launches two new international funds.

* Lightly-traded markets retreat with focus on geopolitics.
The S&P/TSX Composite Index, Canada’s broad equity benchmark, lost -0.5% on the week, tracking losses on the U.S. blue-chip S&P 500 Composite gauge (down -0.7%) and the technology-weighted Nasdaq Composite Index, which retreated -0.6%, its fourth consecutive weekly loss. With typically lower summertime volumes prevailing, and a lack of any significant economic news or data, markets took their cues from geopolitical events, including the terrorist attacks in Spain last week and the resignation of U.S. President Trump’s strategist Stephen Bannon on Friday. North Korean tensions, meanwhile, have faded as President Kim Jong Un backed down on threats to launch missiles at the U.S. territory of Guam. While the price of crude oil jumped on Friday as the U.S. dollar weakened, oil still registered a -0.4% loss on the week, while gold, whose price tends to climb as a safe-haven asset in times of crisis, edged up through mid-week, but retreated during Friday’s session, closing the week with a -0.3% loss overall.


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By Fund Library News Wire | Friday, August 11, 2017

By Mike Keerma

* CI acquires Sentry.
* BMO ETF index and name changes.
* Brompton shutters precious metals fund.

* CI acquires Sentry. CI Financial Corp. and Sentry Investments Corp. announced on Aug. 10 that CI will acquire Sentry in a deal valued at $780 million. The takeover will combine two of Canada’s largest independent active asset managers.


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By Fund Library News Wire | Friday, August 11, 2017

By Mike Keerma

The major North American stock indices retreated through the week, as tensions escalated between North Korea and the U.S. The CBOE Volatility Index (VIX), often referred to as the “fear gauge,” climbed to 15.51, its highest level since last November. Soft U.S. inflation in July combined with geopolitical fears to produce a -1.4% loss for the S&P 500 Composite Index on the week, while the Nasdaq Composite Index fell -1.5%. Toronto’s benchmark S&P/TSX Composite Index fell 2% as energy stocks retreated on a -1.5% decline in the price of crude oil on the week. Living up to its safe-haven status, gold gained 2.4% on the week, boosting the gold mining sector. The Canadian dollar also lost ground, closing the week at US$0.7807 as investors sought shelter in traditional strong currencies like the U.S. dollar, Swiss franc, and Japanese yen.


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