I recently read an interesting article in the
Monty Pelerin’s World website titled “The Trump Effect and Markets – Market Update.” It argued that
the initial “Trump effect” as it relates to the market is wearing off and
is being replaced by the reality that Trump and his ideas may not be
welcome in Washington.
Calgary, Alberta-based Franklin Bissett is one of those investment shops
you don’t hear a lot about. Yet every day, they quietly go about their
business of building quality-focused, high-conviction, active portfolios
for investors. The
Franklin Bissett Canadian Equity Fund is the firm’s flagship and is a three-time FundGrade A+®
The sector equity category is a bit of an oddball, but a high-performance
oddball. Consisting primarily of science/technology and health-related
funds, this 19-member group has generated the best 3-, 5- and 10-year
average annual compounded returns through the end of May (17.2%, 20.0%, and
9.4% respectively) of any fund category. And of course, some sector funds
fared much better. The
Fidelity Global Technology Fund is a case in point.
My Mini-Portfolio was launched in November 2012 for readers of my Internet Wealth Builder newsletter. It is designed for investors
with a limited amount of money who want a better return than they could get
from a guaranteed investment certificate (GIC) without taking on a lot of risk. Here’s a summary and update of
By Mike Keerma
The major U.S. and Canadian stock indices posted strong weekly gains,
despite softer U.S. inflation and retail sales reports. Both
crude oil also rose on the week, as the U.S. dollar faded on soft inflation and
retail sales data. Toronto’s benchmark
S&P/TSX Composite Index advanced 1.0% on the week, fueled by a 5.1% weekly gain in the price of
crude oil, a 1.3% rise in the price of gold. The
Canadian dollar continued to climb against the U.S. dollar, closing the week at US$0.7905,
as the Bank of Canada hiked its policy rate to 0.75%. The blue-chip U.S.
S&P 500 Composite Index climbed 1.4% on the week, closing at a record high on Friday, while the
Nasdaq Composite Index closed just shy of its record, gaining 2.6% on the week.