Market Insights

Decorative pattern

Market Insights

Active managers underperform again

Beating the S&P/TSX Composite Index has been a challenge for active managers for years, so it’s no surprise that that most Canadian mutual funds underperformed yet again. According to the Standard & Poor’s Indices Versus Active Funds (SPIVA) report, only 8.2% of Canadian equity active managers outperformed the Composite Index. “Compared to previous reports, it’s […]

By Bryan Borzykowski |June 25, 2008

3 min read

Decorative pattern

Market Insights

Investment managers cautious about Canada’s future

If you’re wondering how Canada’s investment managers are feeling about the country’s economic future, Morningstar Canada can sum it up in two words: cautiously optimistic. In the research company’s first Morningstar Investment Manager Survey in four years, the overall consensus among the 23 investment firms surveyed was that North America’s economy should improve in the […]

By Bryan Borzykowski |June 13, 2008

4 min read

Decorative pattern

Market Insights

Future of income trusts still uncertain

(May 2008) When Jim Flaherty announced in October 2006 that income trusts would be taxed in 2011, many investors thought the market was as good as dead. But that hasn’t been the case. In fact, the income trust sector has not only rebounded, its benchmark is outperforming the TSX Composite Index by about 7%. Leslie […]

By Bryan Borzykowski |May 29, 2008

5 min read

Decorative pattern

Market Insights

Time to take on risk, managers say

Brent Smith, chief investment officer of Fiduciary Trust Company and lead portfolio manager of the Quotential program, and his associate Steven Lingard, explained to about 200 advisors at a road show in Toronto that they believe a market recovery is imminent — particularly in the U.S. — and they have rebalanced their portfolios accordingly. “If […]

By Mark Noble |May 16, 2008

4 min read