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It isn’t an easy time to be a fixed income investor. After a volatile year that included a severe liquidity squeeze in the spring of 2020, Sandra Lau, executive vice-president of fixed income at the Alberta Investment Management Corp., says many different measures now suggest the bull market for fixed income is officially over and […]

  • June 30, 2021 June 30, 2021
  • 08:53

Assets in the Canadian exchange-traded funds market reached US$189 billion in 2020, fuelled by a compound annual growth rate of 25 per cent over the past five years, according to new research by Cerulli Associates. Cerulli isolated true funds of funds with Canadian-domiciled underlying ETFs from non-fund-of-fund ETFs and fund-of-fund ETFs holding U.S.-domiciled ETFs and […]

  • May 20, 2021 May 19, 2021
  • 09:00

With the global psychedelic drugs market projected to grow at a compound annual growth rate of 12.36 per cent between 2021 and 2027 to a value of US$10.75 billion in 2027 and the world’s first psychedelic exchange-traded fund launched in Canada at the start of the year, should institutional investors be taking notice? Read: Is it […]

  • May 20, 2021 May 19, 2021
  • 09:00

A defined benefit pension plan leader rarely gets to work with a “blank canvas,” but Chuck Bruce has taken that unique opportunity and drawn a new way forward for more than 56,000 DB plan members in Newfoundland and Labrador. In late 2014, the province and its five largest unions established Provident10 to administer and oversee […]

  • May 14, 2021 May 17, 2021
  • 08:55

At the end of March 2020, Newfoundland and Labrador had $4.89 billion in unfunded pension liabilities, including unfunded liability and promissory notes, according to a report released last week by the premier’s economic recovery team. Added to the province’s $3.29 billion in unfunded liability related to employee benefits, this results in financial exposure of $8.18 […]

  • May 13, 2021 May 14, 2021
  • 12:00

The average defined benefit pension plan saw its funded position continue to improve in April on a solvency and accounting basis, according to a new report by Morneau Shepell Ltd. During the month, bond yields and credit spreads stabilized, although long-term bond yields increased slightly, negatively affecting long-term fixed income returns. Global equities performed well, […]

  • May 11, 2021 May 11, 2021
  • 09:00

Canada’s defined benefit pension plans experienced flat performance in the first quarter of 2021, with the median plan’s returns declining by 0.2 per cent in the first three months of 2021 after rising 10 per cent through 2020, according to Northern Trust Canada’s pension universe.  Read: Canada’s DB pension plans post 5% return in Q4, […]

  • May 4, 2021 July 26, 2021
  • 09:30

The Nova Scotia Teachers’ Pension Plan returned 6.78 per cent in 2020, increasing net assets to $5.519 billion, but falling short of the policy benchmark of 7.96 per cent. The plan did outperform the actuarial assumed rate of return of 5.70 per cent.  “Like many pension plans across the country impacted by COVID-19, we saw […]

  • May 4, 2021 May 4, 2021
  • 09:00

Last spring, when fixed income markets in Canada were especially hard hit, exchange-traded funds proved their ability to continue to deliver liquidity, according to speakers at a recent webinar hosted by the Association of Canadian Pension Management. That lesser-known benefit is contributing to a change in the way institutional investors are using ETFs.  “We basically saw […]

  • April 27, 2021 May 18, 2021
  • 11:01

The percentage of global institutional investors implementing environmental, social and governance strategies continues to rise, reaching 72 per cent in 2020 according to a recent Natixis Investment Managers survey. That’s up from 64 per cent in 2019 and 61 per cent in 2018. Read: Expert panel: Investing in low-carbon economy will pay off for pension […]

  • April 27, 2021 April 27, 2021
  • 10:35