Janet Rabovsky is an experienced investment professional.
These are the views of the author and not necessarily those of Benefits Canada.
Almost 16 months since the global coronavirus pandemic was first declared, there’s now yet another thing for institutional investors to worry about — the possibility of inflation. Lately, much has been made of the potential for inflation to emerge given sustained low interest rates and the large deficits that many governments have incurred due to […]
Back in December 2018, I wrote an article asking whether it was a good time for pension plan sponsors to revisit value investing. At that time, public equity markets were having a difficult quarter and traditional value strategies didn’t perform as well as expected, failing to provide the much-touted protection in down equity markets. Flash forward to […]
Last August, I wrote about whether central banks were creating a financial bubble with their coordinated easing programs intended to spur economic growth and/or lift inflation. In January 2020, I wrote about the end of the economic cycle, the potential for a recession and what that might mean for positioning an investment portfolio. Little did I […]
The investment industry has been talking a lot about our position in the economic cycle and our proximity to a recession. In fact, I wrote about it last year with respect to interest rates and the economy. The current situation remains somewhat tenuous, with ever-present geopolitical tensions, rising populism (and hence protectionism), slowing global economic growth, monetary […]
The recent federal election highlighted interest in climate change, as well as the potential impacts on communities and the population, with the issue No. 1 or 2 in priority for most voters. Climate change is one of a broader set of environmental, social and governance issues percolating through the investment world right now. ESG, or […]
With the recent, global move to coordinated central bank easing, the industry has been talking about whether we’re creating a financial bubble. On Aug. 12, CNN published an article with the headline, “Central bank rate cuts are inflating a cheap money bubble,” while Bloomberg published an article with a similar headline on April 3: “Fed […]
As with any new investment, there are always risks that have to be carefully weighted before proceeding. The recent failure of cryptocurrency exchange QuadrigaCX (QX) is certainly upsetting for those who may not recover their money. QX is an exchange where individuals can buy Bitcoin or other cryptocurrencies and store them in a wallet. Cryptocurrencies are […]
Many institutional investors include value-oriented equity strategies in their portfolio to provide protection during declining equity markets. But not all value strategies are created equal, as many found out during the global financial crisis 10 years ago. As well, many investors expected their portfolios to perform better than the broader market, to preserve cash, but this […]
Last year, I wrote about emerging market equities and whether their time had finally come. Should investors be considering an allocation to the asset class, which theoretically offers the promise of higher returns driven off demographic trends? I think it’s a worthwhile topic to revisit, while also providing an overview of investor behaviour since that time. As […]
The recent Trans Mountain pipeline transaction has highlighted the often polarizing discussion around infrastructure projects, raising questions such as who should own them, how much they should cost and how to balance various competing interests. Infrastructure is often defined as permanent assets a society requires to facilitate the orderly operation of an economy. They tend […]