Originally from our sister publication, Advisor.ca. Among American equities, large caps currently provide the most potential growth and least risk, says James Awad, managing director of New York-based Zephyr Management L.P., which has US$2 billion in assets under management. “The United States is a pretty good house in an OK neighbourhood,” he said during an […]
In a world where markets turn on a dime, the underlying economic fundamentals are often shoved to the side. “Diamonds are forever,” noted Avery Shenfeld, senior economist with CIBC World Markets, in an economist panel at the Benefits Canada Benefits & Pension Summit. “But when it comes to global economies, nothing else is really forever.”
Despite the financial chaos in Europe and weak pension returns over the past quarter, Canadians seem to be feeling pretty good. According to a survey by the Brussels-based International Trade Union Confederation, Canada is one of the most optimistic countries when it comes to outlook on the state of the economy.
An observation that may be made about the current economic condition is that it is penalizing savers in favour of spenders. Pension plans in particular, which represent the interests of long-term savers in many jurisdictions, are adversely affected by these conditions. Not the least of this impact is due to challenges from low interest rates.
Investor confidence was on the rise in June, according to State Street’s Investor Confidence Index (ICI). The Global ICI rose by 7.0 points from May’s reading of 86.5 to reach 93.5—its highest level this year.
Last week, Mark Carney spoke about the state of the global economy in Halifax for the Atlantic Institute for Market Studies (AIMS). He touched on the situation in Europe, and focused on how an open, resilient financial system can support sustained global growth. He also addressed the need to pay down debt and the too-big-to-fail […]
Investors’ patience is wearing thin as the unstable global economy continues to threaten their assets and investments, says a Desjardins Group Economic Studies team.
Emerging economies are still growing faster than developed countries, so investors must seize the opportunities beyond Canada’s borders.
The developed world’s current woes—anaemic economic recovery, deleveraging of private sectors and shrinking balance sheets of the financial sector—will likely continue for another decade. At the same time, the dynamic emerging world will create a desirable background story.
Given global economic uncertainties, there are no good places to invest. Boston-based Jurrien Timmer, director of global macro at Fidelity Management & Research Co., made this statement at the Toronto Morningstar Investment Conference.