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Canadian institutional investors should have a strategic allocation to emerging market debt, Ward Brown, fixed income portfolio manager at MFS Investment Management, explained during his session. EM debt has two of the key characteristics needed for a strategic allocation. First, it is a good diversifier because it has low correlations with other assets commonly found […]

This year has been a difficult one for emerging market currencies, but there are signs that 2022 will give investors reason to be optimistic. “For the first time in 20 years, U.S. growth is outperforming EM growth,” said Fernando Grisales, senior emerging market portfolio manager at Schroders, during his presentation at the 2021 Global Investment […]

As places of economic activity, flood plains have their advantages — just ask the ancient Mesopotamians or the staff of the Winnipeg-based Teachers’ Retirement Allowance Fund. “Those of you who have been to our offices will know we’re right at the intersection of the Red and Assiniboine rivers. We are right in the flood plain […]

The term cryptocurrency may evoke a number of different images, from lightning-fast computers fuelling get-rich-quick schemes to shady rooms where hackers plot multi-million dollar digital heists. And while there may be some truth to those perceptions, cryptocurrency is a growing sector that many institutional investors are eyeing with increasing interest. Indeed, in mid-December 2020 Bitcoin’s […]

Despite several bumps in the decade since the 2008/09 financial crisis, the swift and brutal crash in global equity prices when the coronavirus was declared a pandemic sent pension investors reaching for their playbooks to implement defensive strategies to mitigate the damage. “People have worked very hard at just acting on the set strategies that […]

Lagarde: Recovery could be stop and go despite vaccine news

European Central Bank head Christine Lagarde warned Wednesday that the economy could face a “bumpy,” “stop-start” recovery despite good news about vaccine development. The top central banker for the 19 European Union countries that use the euro currency said there was a risk that fearful consumers could drag out the rebound, and that governments and […]

Why Canadian pension funds should care about a slumping U.S. dollar

The coronavirus pandemic has hit the U.S. dollar hard, disrupting a dynamic that Canadian pension funds have taken advantage of for years. Unhedged exposure to the U.S. dollar has been a boon for Canadian pensions as they’ve reaped the extra returns from the favourable conversion of asset income back into Canadian currency. But the outlook for the […]

Plan Sponsor Week: Is it time for bond owners to shift how they view deficits and debt?

While rising government deficits and debt are concerning for many bond owners, they should actually be more concerned that deficits aren’t big enough, said David Bezic, an independent economic consultant, during a session at Benefits Canada and the Canadian Investment Review’s 2020 Plan Sponsor Week in mid-August. Many of the concerns around debt and deficits are founded on […]

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While rising government deficits and debt are concerning for many bond owners, they should actually be more concerned that deficits aren’t big enough, said David Bezic, an independent economic consultant, during the Canadian Investment Review and Benefits Canada’s 2020 Plan Sponsor Week in mid-August. Many of the concerns around debt and deficits are founded on […]

CPPIB sees 5.6% return for first fiscal quarter

The Canada Pension Plan Investment Board posted a 5.6 per cent net return for its first 2021 fiscal quarter, which ended June 30, 2020. The quarter saw the CPPIB’s net assets grow to $434.4 billion from the $409.6 billion it held at the end of its 2020 fiscal year, which ended March 31, 2020. The […]

  • By: Staff
  • August 14, 2020 November 12, 2020
  • 15:15