Renowned American businessman and investor Charlie Munger once said, “You have to keep learning if you want to become a great investor. When the world changes you must change.” The world has changed and institutional investors will need to have a plan and be ready to face new challenges. The 30 years prior to the […]
Institutional investors are entering a golden period ripe with opportunities in current global and emerging markets, said Karl Dasher, president of Polen Capital, during the Canadian Investment Review‘s 2023 Global Investment Conference. From early 2020 to the end of 2021, the market was flooded with liquidity from the unprecedented combination of fiscal stimulus, U.S. Federal Reserve […]
Amid the unprecedented events of the last three years, the Colleges of Applied Arts and Technology pension plan has remained on course with its investment strategies, according to Asif Haque, the plan’s chief investment officer. “We held our focus on the key goal of the CAAT’s investment program. . . . The plan’s diversified asset […]
“I’m starting to become a glass half full person. . . . I think that at least one of the two anchors of the 60/40 [balanced portfolio] is going to start working. I wish I could tell you which one,” said Jurrien Timmer, director of global macro at Fidelity Investments, during a session at the […]
Consensus expectations for U.S. inflation and interest rates in 2023 are overly optimistic, said Robert Forsyth, head of SPDR exchange-traded funds strategy and research at State Street Global Advisors SPDR, during a session at the Canadian Investment Review‘s 2022 Defined Benefit Investment Forum. “Our view is that the futures market is still pricing in an […]
Fixed income investing isn’t known for its excitement, but in the volatile markets of the post-coronavirus pandemic period, bond specialists may be in for a wild ride. “There’s more yield in the marketplace, so bonds are becoming a better competitor to stocks. . . . You should be asking yourself, how do I get more […]
Investors should expect the unexpected in 2022, according to George Athanassakos, professor of finance and the Ben Graham chair in value investing at Western University’s Ivey School of Business. “2022 is likely to be filled with hidden hazards, both known unknowns and unknown unknowns,” he wrote in an email to the Canadian Investment Review. This […]
Central bankers in developed economies are downplaying the risk of long-term inflation rises, according to a new paper by the Fraser Institute. “Absent a sharp reversal of central bank programs of quantitative easing, forecasts that inflation will return to the two per cent target rate of central banks by mid-2022 at the latest are likely […]
United States 10-year bond yields have risen substantially from their lows of 0.50 per cent last summer, hitting 1.6 per cent by late February. Canadian 10-year yields have taken a similar trajectory to reach a range of 1.5 per cent in March, which is up from 0.43 per cent in August. At the short end […]
While many indicators point to the relative health of the U.S. economy, the Federal Reserve is lowering the target range for the federal funds rate by 25 basis points to a range of two to 2.25 per cent. This marks the first rate cut since 2008. “Markets weren’t surprised,” says Dec Mullarkey, managing director at […]