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By Dan Hallett, CFA, CFP Some retail mutual fund companies are traditional money management firms that have a single guiding investment philosophy driving the management of all client portfolios – and the in-house firm is the only manager of the funds on offer. Others have no in-house money management firm. Instead, they seek out external portfolio … By Mark Barnicutt, MBA, FCSI, CFA Yesterday, Greg Smith published his infamous Op-Ed article in the New York Times titled, “Why I Am Leaving Goldman Sachs“. In this article, Smith effectively states that Goldman Sachs has ‘lost it’s moral compass’ and puts its business’ interests ahead of its clients’ interests. Although Smith’s article has garnered an … By Dan Hallett, CFA, CFP For those seeking a safe and dependable income source, today’s painfully low interest rates pose a real challenge. Bank of Canada Governor Mark Carney regularly reminds us that persistent low rates can be dangerous because they incent excessive borrowing. But low rates also pose some risk to the asset side of … By Mark Barnicutt, MBA, FCSI, CFA OVERVIEW: Recently, in the Report on Business of the Globe & Mail, there was an article titled, The Flaws In Canada’s Financial Adviser System. This article stated that: “In the investing industry, the line between what’s best for the client and what’s good … By Dan Hallett, CFA, CFP I was quoted in a recent Globe & Mail article warning that higher yields available in emerging markets bonds (compared to Canada bonds) come with additional risk. Given that the investment fund industry has launched several emerging markets bond funds and exchange traded funds in recent years, it’s worth putting … By Dan Hallett, CFA, CFP The National Post’s Jonathan Chevreau recently asked me and a few other financial professionals how we plan to invest this year’s tax-free savings account contribution. The way my reply was framed may have given a somewhat different impression than intended. But it also touches on a common misconception. The active-passive continuum The article … By Dan Hallett, CFA, CFP In response to many fee-bashing articles of late, I recently urged both the media and the investment industry to broaden the focus to not only fees but also other less obvious performance drags that are tougher to control. To explain one factor I stated that dollar cost averaging (i.e. regularly … By Dan Hallett, CFA, CFP Every time markets bleed red, mutual fund investors and the media become much more price-sensitive. So it’s no surprise that print media have featured a barrage of anti-fee articles. (See the National Post on December 6 and the Globe & Mail December 5 and December 9 articles.) Interestingly, Canada’s two national … By Mark Barnicutt, MBA, FCSI, CFA Today, there is an article in Advisor.ca, which discusses the range of investment options available for MFDA Investment Advisors, with a focus on ETFs, in servicing their clients. To read this article, click here. I was one of the wealth management industry professionals interviewed … By Dan Hallett, CFA, CFP The Ontario Securities Commission recently issued an order in the ongoing matter of Sextant Capital Management, a defunct hedge fund company. While the order pertained to a law firm wanting to remove itself from representing Sextant and its former principals, it reminded me that it’s too easy to overlook basic …   ----------------------- |
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