U.S.

Can clients ditch U.S. citizenship retroactively?

Whether for ideological reasons or tax complications, many people want to shed their U.S. citizenship.

By Max Reed |September 30, 2016

5 min read

Harvard newspaper calls out endowment performance

Harvard University’s college newspaper, the Harvard Crimson, has taken the university’s endowment managers to task for a -2% annual return and a US$2-billion paper loss. Harvard Management Company, which manages the US$35.7-billion endowment, reported the decline this month in its 2016 annual report. Now, the managers are taking heat from students. Read: Seeking lower risk? […]

By Staff |September 29, 2016

2 min read

First Trust launches U.S. sector rotation ETF

First Trust Canada has launched the country’s first U.S. sector rotation ETF, First Trust Dorsey Wright Dynamic U.S. Sector Rotation Index ETF (CAD-hedged; TSX: FSR). The ETF “provides a simplified way for Canadian investors to gain exposure to a sector rotation strategy, with the ability to allocate to cash equivalents,” says Karl Cheong, CFA, head […]

By Staff |September 29, 2016

1 min read

U.S. consumer confidence hits 9-year high

U.S. consumer confidence rose in September to the highest level in nine years.

By Staff, with files from The Associated Press |September 27, 2016

1 min read