Home Caroline Cakebread

Did ETFs kill security selection? It’s debatable.

Is good old-fashioned stock picking going the way of the Polaroid camera? That was the gist of a recent debate hosted in Toronto on October 18 by the Alternative Investment Management Association (AIMA) of Canada. The resolution, “Be it resolved: security selection is dead; macro forces drive portfolio returns,” was debated by Tyler Mordy, Director of research, HAHN Investment and Andrea Horan, Portfolio manager, Aglith Capital Inc.

  • October 22, 2012 September 13, 2019
  • 08:17

Caisse’s Bergeron: Rebuilding Trust

Coverage of the 2012 Risk Management Conference.

  • October 18, 2012 September 13, 2019
  • 07:59

Canadian commercial real estate surges

Commercial property thrives as residential market slows.

  • October 17, 2012 September 13, 2019
  • 16:59

What if foreign holders dumped U.S. Treasuries?

Emerging markets economies have been a huge force behind the growth in foreign official holdings of U.S. Treasuries. Indeed, they’ve pushed up holdings from just $400 billion in January 1994 to roughly $3 trillion in June 2010. As these burgeoning economies run big current account surpluses, those savings are then channelled into foreign exchange reserves.

  • October 17, 2012 September 13, 2019
  • 11:54

MSCI versus FTSE: Why they’re not the same

Ever since Vanguard announced its decision to switch index providers, BlackRock has been fielding calls from clients about what the move means for the industry and why the firm is planning to stick with the status quo. According to Greg Walker, head of iShares institutional business at BlackRock Canada, the rival firm’s announcement has opened up an important conversation about indexes and why they matter.

  • October 15, 2012 September 13, 2019
  • 07:26

The ETF price squeeze continues

Last week, Vanguard, the U.S.-based exchange-traded fund (ETF) and mutual fund giant, announced it had dropped MSCI Inc. as its equity index provider for its ETFs and has instead picked up a set of new benchmarks from FTSE Group and the University of Chicago’s Center for Research in Security Prices.

  • October 9, 2012 September 13, 2019
  • 09:59

UTAM’s Top Risks

Adrian Hussey at the 2012 Risk Management Conference.

  • October 3, 2012 September 13, 2019
  • 07:00

DB Solvency Ratios Inch Up

But nearly all plans still face solvency deficiency: Aon Hewitt.

  • October 2, 2012 September 13, 2019
  • 09:01

Pension plans shed stocks to manage volatility

How are Canadian plan sponsors managing volatility risk post-2008? Many of them are making some big moves out of stocks.

  • October 1, 2012 September 13, 2019
  • 11:47

Looking for liquidity in all the wrong places

Liquidity isn’t always what it seems in the world of ETFs and misconceptions around what exactly ETF liquidity looks like could be preventing new players from growing to their full potential – so argues and some providers who believe more education is needed in the space.

  • October 1, 2012 September 13, 2019
  • 09:05