Russell Investments Canada Ltd. has launched the Russell Global Unconstrained Bond Pool.
iShares has launched a new exchange-traded fund.
It’s hard to pick up a newspaper without someone referencing the fact that many stock markets are at their all-time highs. The S&P 500 Index surpassed its previous record level of approximately 1,500 in 2013 and is near the 2,000 mark, while the Canadian stock market, the S&P TSX Composite Index, is trading well above 15,000. Sounds good, right?
During the darkest days of the 2008/09 financial crisis, emerging market fixed income showed surprising resilience. From Poland to Mexico to South Korea, local-currency debt markets survived the storm relatively unscathed, buttressed by strong local institutions and sound policy decisions.
The Government of Canada has sold $1 billion in 50-year bonds.
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Canada’s equity market is strong, particularly in the three biggest sectors: financials, materials and energy sectors.
The Government of Canada has successfully issued $1.5 billion in 50-year bonds.
Russell Investments Canada has introduced an inflation-linked bond fund for institutional investors.
Last year, corporate bond issuance in Canada exceeded $100 billion for the first time. On the surface, this milestone would appear to signal the initial phase of crowding out by corporate issuers at this stage of the economic cycle. As an expansion becomes anchored, corporate issuance will dominate the capital markets as businesses look to fund capital expenditures in anticipation of growing demand.