James Hymas

Market Insights

It’s all about sequence

Total returns not the only variables that impact a portfolio’s value.

By James Hymas | September 18, 2012

7 min read

Industry

IIROC currently holds over $32 million in an Externally Restricted ABCP Fund derived from fines and interest - a substantial sum of money by anybody’s standards. With IIROC expected to settle the disposition of the fund later this year, investors, advisors and legislators should consider the issues surrounding this fund and determine whether legislative and procedural changes are needed.

By James Hymas | July 25, 2011

9 min read

Industry

IIROC’s slush fund

By James Hymas | June 1, 2011

9 min read

Market Insights

OSFI targets bond investors

A recent piece in the Financial Post stated that the federal bank regulator, the Office of the Superintendent of Financial Institutions (OSFI), wants bank-contingent capital in the bond index, and has a plan to achieve this objective.

By James Hymas | May 13, 2011

9 min read

Industry

OSFI targets bond investors

The federal bank regulator, the Office of the Superintendent of Financial Institutions (OSFI), wants bank-contingent capital in the bond index, and has a plan to achieve this objective.

By James Hymas | April 1, 2011

9 min read

Industry

Predatory trading

It happens to every trader: you place a bid for a thousand shares of thinly traded stock at a nickel above the best bid showing, and before you can blink, there’s another bid a penny in front of you. While desirable from a capital markets perspective – the bid/offer spread is, after all, declining, which […]

By James Hymas | June 9, 2010

8 min read

Products

Bond ETFs demystified

the potential for capital loss in a bond ETF, relative to a buy-and-hold strategy; not all ETF holdings labelled as bonds are, in fact, bonds; relative impact of ETF MER and individual bond markups; and reported yields of bond ETFs. Potential for capital loss Many investors prefer individual bonds to exchange traded funds (ETFs) on […]

By James Hymas | April 15, 2010

7 min read

Industry

Bond ETFs demystified

By James Hymas | April 9, 2010

7 min read

Industry

Predatory trading

It happens to every trader: you place a bid for a thousand shares of thinly traded stock at a nickel above the best bid showing, and before you can blink, there’s another bid a penny in front of you. While desirable from a capital markets perspective—the bid/offer spread is, after all, declining, which is good […]

By James Hymas | April 1, 2010

8 min read

Economic Indicators

Regulators spur formalization of contingent capital

The recent credit crunch has had a devastating impact on banks throughout the world, much to the chagrin of regulators entrusted with ensuring that bankers’ exuberance in good times didn’t lead them to over-reach. The response of governments has been unprecedented, with direct investments and guarantees to stave off financial collapse. There is broad agreement […]

By James Hymas | January 1, 2010

7 min read

Market Insights

The future of money market fund regulation

Money market funds (MMFs) – the biggest selling class of mutual funds in nine of the past 13-month periods – are decidedly an important part of the Canadian investment landscape. Assets held by MMFs totalled $73.1 billion at the end of May 2009, an increase of more than 50% since May 2007, according to the […]

By James Hymas | December 3, 2009

7 min read