Originally from our sister publication, Advisor.ca The U.S. economy should sustain its recovery, despite the expiry of the Federal Reserve’s second round of quantitative easing, according to a survey of Canadian investment managers. In fact, the latest Russell Canada Investment Manager Outlook found the American stock market is seen as holding the most promise. Sixty […]
From our sister publication, Advisor.ca A brief flurry of movement at two of Canada’s large investment managers unfolded over the past 24 hours. Russell Investments announced late on Tuesday that it had appointed Greg Nott as chief investment officer (CIO), effective immediately. As the new CIO at Russell, Nott will be responsible for all aspects […]
In broad strokes, boomers have spent much of their lives embracing risk. This generation was one of the most entrepreneurial, allowing many to accumulate substantial wealth. But they may be losing their risk appetite at a critical stage on that journey—the years just before they retire—with two thirds of boomers investing less than they did […]
A recently released study of financial literacy among Ontarians found that most people had a basic grasp of financial concepts yet struggled to apply them to their personal situations. “We found that certain financial concepts are reasonably well understood by the majority of Ontarians,” says Tom Hamza, president of the Investor Education Fund. “But this […]
The shift from DB to DC plans has done nothing to address Canada’s retirement funding crisis, aside from insulating plan sponsors from the risks of underfunding. Because there are no benchmarks for a DC plan, the concept of “underfunding” has lost meaning to all but the plan members, who risk underfunding their retirement needs. That’s […]
The lights were on and the cameras were rolling when Jim Flaherty tabled his 2011 Budget in March. But when the opposition parties called “Cut!” the Finance Minister vowed to repeat his performance in the second take. With a majority government in place to back him up, Flaherty has now delivered a near identical budget. […]
The Bank of Canada may have held the line on monetary policy on Tuesday, May 31, but the spectre of rising interest rates continues to hang over Canadian bond investors. Eventually, the Bank will make its move, wiping out billions in capital value. Fixed income investors should look further afield to protect their portfolios, as […]
Canadian retirees are largely happy with the way their post-career lives are working out, but they admit they wish they’d received more advice before they stopped working. Now they’re offering the advice they wish they’d gotten. One in four retirees wish they had worked with a financial professional in planning their retirement, according to the […]
The global volatility that marked the first quarter of 2011 battered stock markets, allowing defensively positioned value managers to beat the S&P/TSX Composite Index, according to Russell Investments. The Russell Active Manager Report found that 59% of large cap value managers beat the index’s 5.6% return for the quarter. Only 22% of growth-focused managers were […]
Institutional money managers are bracing for rough times over the coming six months, according to a new survey by Northern Trust. Seventy percent of managers expect inflation to rise, while 62% see increased market volatility as measured by the VIX Index. The survey found that 36% of managers are more risk averse, up from 20% […]