Global market volatility drove Canadian defined benefit pension plans’ median returns lower in the second quarter of 2019, according to BNY Mellon Asset Management Canada Ltd. and RBC Investor and Treasury Services. Among the 84 Canadian corporate, public and university pension plans in BNY Mellon’s tracking service, the quarterly return was just 2.34 per cent, compared to […]
Since standard banks began to shy away from their traditional financing role after the 2008 financial crisis, institutional investors have helped maintain markets by becoming increasingly important providers of long-term capital. Historically low interest rates also pushed these sovereign wealth and pension funds away from the traditional fixed income bedrock of their portfolios into a bevy […]
While the bull market may not be over, more headwinds are on the way for U.S. equity markets over the next year — one of the themes investors can use exchange-traded funds to capture, according to a report by BMO Global Asset Management. Overall, the U.S. market should see moderate upside for the year, said Brian […]
While the bull market may not be over, more headwinds are on the way for U.S. equity markets over the next year — one of the themes investors can use exchange-traded funds to capture, according to a report by BMO Global Asset Management. Overall, the U.S. market should see moderate upside for the year, said Brian […]
Canadian defined benefit pension plans saw a median return of 0.42 per cent in the third quarter of 2018, according to BNY Mellon Asset Servicing’s universe of 81 corporate, public and university plans. While not as robust as the previous quarters, the gains mark the tenth straight positive quarter, with the universe posting a one-year median return […]
Three new senior appointments at the Ontario Teachers’ Pension Plan include new roles for Gillian Brown, Danilo Simonelli and Saurabh Rastogi. Brown will lead the pension fund’s capital markets group as senior managing director. The team manages total fund exposure to a number of asset classes, including equity, fixed income, credit and inflation sensitive. Since joining the Ontario Teachers’ in 1995, Brown has […]
Tensions between China and the United States are heating up as the Trump administration proposed a 10 per cent tariff on $200 billion worth of Chinese goods last week. The U.S. is hitting China where it hurts, according to an economic insight report from Benjamin Tal, deputy chief economist of CIBC World Markets Inc., and Katherine […]
Investec Asset Management Ltd. has appointed Katherine Tweedie country head for Canada. In the new role, Tweedie will be responsible for developing the firm’s strategic partnerships with institutional investors in Canada. “I believe Investec Asset Management’s global suite of investment solutions and unique emerging market heritage provide a strong platform to build long-term partnerships with […]
The venture capital investment arm of the Ontario Municipal Employees’ Retirement System has successfully closed its third venture capital fund, with $300 million in commitments. The OMERS pension plan participated in the third fund alongside co-investors BMO Financial Group, CIBC, National Bank of Canada, Sun Life Financial, TD Securities and the Wafra Group. OMERS Ventures now […]
In its report on employer pension plans in Canada published earlier this month, Statistics Canada noted the overwhelming majority of plan members are in trusteed arrangements. Of the 6.2 million members of employer-sponsored pension plans, 5.2 million are in arrangements managed by trusteed funds. But when it comes to just the defined contribution side of […]