Last updated: Dec-12-2017

    
 
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12/13/2017 12:45:37 AM
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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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By Fund Library News Wire | Friday, October 20, 2017

By Mike Keerma

Stock markets in the U.S. closed at record highs again this past week, as the U.S. Senate passed a budget blueprint that would pave the way for the Trump Administration’s plan to reform the unwieldy U.S. tax code. That, along with a purported short list of candidates to lead the Federal Reserve Board, had investor sentiment bubbling even higher, leading the blue-chip S&P Composite Index to yet another record close and its sixth consecutive weekly gain, at 0.9%. The Nasdaq Composite Index also racked up a record high close on Friday, posting an advance of 0.4% on the week. Toronto’s benchmark S&P/TSX Composite Index gained 0.3% on the week, also its sixth consecutive weekly advance, buoyed by strength in the materials sector and gains in financial stocks. Gold, however, retreated 1.8% on the week, while crude oil posted a gain of 1.3%.


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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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