Stay the course and remain calm. That’s the message from the Portfolio Management Association of Canada’s membership on how to best cope with current market volatility and global economic troubles.
It’s no surprise that headlines in world news have been all about the European sovereign debt crisis—a downgraded credit rating here, a country’s austerity measures there.
An overwhelming majority of investment professionals equate a collapse of the Euro to a failure of Europe, according to a CFA Institute survey.
The eurozone’s days are numbered and it’s a matter of time before the common currency falls apart. The latest escalation in the eurozone debt crisis is seen by industry experts as the beginning of the end.
As the eurozone crumbles before the eyes of global citizens and U.S. economic growth is slow to none, investors should start to look at emerging markets for comfort.
In September 2010, I wrote about extreme risks—those potential events that are unlikely to occur, but if they did, would have a significant impact on economic growth and asset returns.
Strong asset returns and no change in liabilities in October drove a 4.7 percentage-point increase in the funded status of the typical U.S. corporate pension plan, according to BNY Mellon Asset Management. The increase, fueled by strong performances in the equity markets, brought the funded status for the typical plan to 74.8%. Year-to-date, the funded […]
Ignoring increasing calls to step down, Greece’s prime minister announced Thursday he would seek emergency talks with the opposition conservatives after they agreed to back the latest European bailout for Greece. Prime Minister George Papandreou, speaking at an emergency Cabinet meeting, warned that an early election was too dangerous because it would force Greece into […]
After five consecutive months of negative returns, equity funds in Canada produced strong gains in October as general optimism seemed to return—albeit temporarily—to the world’s stock markets. All but one of the 22 Morningstar Canada Fund Indices that track equity categories had positive returns for the month, with 14 of them gaining 5% or more, […]
The third quarter of 2011 turned out to be one of the roughest on record for active managers, according to the most recent Russell Active Manager Report, which is produced quarterly and is based on recently released data from over 140 money manager products. Only 40% of large cap Canadian equity investment managers beat the […]