Impact Investing
Central Banks Update
Diversifying your fixed income
Factor investing
Central Bank September Roundup
Quantitative Investing
August, a month of extremes
Negative rates in Europe
Portfolio optimization using risk factor investing
Trading and market structure
Responsible investment solutions
Asia Deserves Some Credit
Fed’s impact on financial markets
Infrastructure investments
Canadian Small Caps
High Yield Bonds YTD
Risk Management Techniques
Three stocks to watch for long-term investors
Trade War Impacts
Responsible Investing
Q1 market review
Why inflation expectations matter
Managing market risk in investment portfolios
The Fed Balance Sheet 101
Inside Look: Private Equity
When doves cry
Bank of Canada Governor Stephen Poloz has been notably hawkish this year, refusing to lower rates despite that being the trend among major central bank. That…
I, trading bot.
It’s no secret that the vast majority of equity trading takes place electronically these days, and some investors might assume that it’s the same case in the…
Albertan debt: the good, the bad and the opportunity
The Good: In 2004, Alberta was a debt-free province, but in the ensuing years, governments saw an opportunity to get elected by promising to spend more and…
Rumours, facts, and fads
Since mid-August, Canadian bond market participants have dramatically reduced their expectations for interest rate cuts, and along with that, we’ve witnessed a…
Corporations’ dead pledge
The great deleveraging that was supposed to sweep over corporate America is dead. Normally, we’d expect corporations to reduce leverage at the tail end of…
The divine tailwinds
Last Monday, the Bank of Japan (BoJ) announced that it would cut its bond buying program, an initiative which has been the hallmark of BoJ policy since…
Quebec’s budget success story
The Quebec government has the largest provincial debt load in Canada. In 2013, it reached a peak of 54% of the province’s GDP, compared to 45% in Ontario and…
The repo market gets a tune-Up
For the past two days, a usually under-the-radar part of the financial system has dominated headlines. The funding rate on collateral repurchase agreements –…
Powell's got a friend...
Last week, the Bank of Canada announced – unsurprisingly – that it was keeping its policy rate unchanged.
August extremes
August was a month of extremes: range-bound equity markets; high intraday volatility; U.S.
To BBB or not to BBB
Looking at BBB-rated corporate bonds in Canada, one might think they could be closely tied with the direction of rates. Traditionally, lower rates precede an…
Take me out to the Bund game
Last week, we had a first in bond history; the Germany Finance Agency swung for the fences, auctioning off €2 billion of a 30-year Bund with a zero coupon and…
Bonds, gold, and cake
Recently, we’ve noticed an odd pattern in the bond market wherein bond prices rise sharply on bad days for risk assets (equities), but on equally good days…
Ontario debt woes
In its 2019-20 budget released on April 11th, the Province of Ontario announced an expected budget deficit of $10.3 billion and a change to certain transfers…
Fear Versus Fundamentals
Our Global CIO team has attempted to look past the noise and volatility of recent days to construct a fundamental-based outlook for the market. You can read…
Diverging central banks
In early June, Canadian benchmark rates hit new lows for the year, as the possibility of new tariffs on Mexican goods scared investors…
1998 vs 2019
If the Fed eases, as expected at its July 31 meeting, what will the market response be? Can history offer any insight?
Asia Deserves Some Credit
Which $50 trillion asset class is often-overlooked by Western investors?
Growth and Income Investing in Emerging Markets – The Trend Continues
Emerging market companies find the middle ground between reinvesting organic growth cash flows and sustaining dividend growth.
Getting on Base: Moneyballing your Portfolio Using Risk Factor Investing
What baseball can teach us about a portfolio’s risk and return.
Middle East - The Reform and Index Upgrade Story
Read our update on reform progress and index inclusions in the Middle East.
An Optimized Approach to Core Plus Portfolios
Read our latest white paper on Core Plus portfolios.
What Would Milton Friedman Say About Proxy Voting and ESG?
Proxy voting is under increasing scrutiny by regulators and industry stakeholders. In this commentary, we examine the issues through the lens of Milton…
ESG Case Study - Emerging Markets Equity
Learn more about our philosophy of ESG integration in this case study on Emerging Markets Equity.
Inside Look: Private Equity
Read our new white paper by Fiera Comox's Private Equity team to learn more on this growing asset class.
Market Update - November 2019
FROM THE GLOBAL CIO OFFICE - By Candice Bangsund, Vice President and Portfolio Manager, Global Asset Allocation
Market Update - October 2019
FROM THE GLOBAL CIO OFFICE - By Candice Bangsund, Vice President and Portfolio Manager, Global Asset Allocation
Central Bank Roundup
September has been an interesting month to say the least: The U.S. and China traded more blows in their trade war; Boris Johnson’s prorogation of British…
Market Update - September 2019
FROM THE GLOBAL CIO OFFICE - By Candice Bangsund, Vice President and Portfolio Manager, Global Asset Allocation
Market Update - August 2019
While investors digested generally upbeat corporate earnings results, mixed signals on the health of the global economy, and the resumption of US-China trade…
Market Update - July 2019
In June, financial markets thrived on the string of dovish rhetoric from central banks including the likes of the Federal Reserve, the European Central Bank,…
Market Update - June 2019
The trade dispute between the US and China intensified in May, with heightened levels of investor angst rippling through the financial marketplace.
Market Update - May 2019
Risk appetite lingered-on in April as investors embraced the improved tone in global economic conditions, an impressive string of corporate earnings results,…
Middle East - The Reform and Index Upgrade Story
Read our update on reform progress and index inclusions in the Middle East.
Market Update - April 2019
In March, investor sentiment was dominated by headlines surrounding cooling global growth, ongoing US-China trade negotiations, and cautious undertones from…
Market Update - March 2019
In February, risk appetite prevailed in the environment of dovish rhetoric from major central banks and some tentative signs of a recalibration in global…
Market Update - February 2019
After a dismal end to 2018, risk appetite resurfaced in January - thanks to an increasingly conciliatory tone from global central banks, solid corporate…
Market Update - January 2019
Global financial markets ended 2018 on a sour note and sentiment remained fragile.
Market Update - December 2018
Financial markets gyrated in November as investors contemplated some signs of slowing global growth.
2018 Midterm Elections: Divided Congress
Read our commentary about the results of the 2018 midterm elections.
Market Update - November 2018
Volatility reasserted itself as the environment of rising interest rates and trade tensions between the world’s two largest economies roiled the marketplace.
Market Update - October 2018
In September, appetite for risk resurfaced even in the wake of a tumultuous geopolitical backdrop.
Market Update - September 2018
Investors had plenty to contemplate in the last few weeks, including contagion risks stemming from the turmoil in Turkey and Argentina and a highly contentious…
Market Update - August 2018
The third quarter got off to a decent start, with risky assets thriving in the environment of robust global growth and healthy corporate earnings.
Market Update - July 2018
In June, investors attempted to reconcile some encouraging signs of global economic strength with heightened trade tensions and some hawkish undertones from…
Market Update - June 2018
Investors remained on edge in May amid political upheaval in Europe and escalating trade tensions, which remained at odds with a constructive global…
Market Update - May 2018
After a tumultuous start to the year, a sense of normalcy returned to the marketplace in April.
Market Update - April 2018
Investors had plenty to contemplate in March, including some worrisome signs of a peak in global growth, further progress towards monetary policy…
Market Update - March 2018
After an exuberant start to the new year and an extended period of market calm, volatility reasserted itself last month.
A Sentiment-Driven Market Correction
The Fiera Capital Global CIO Office breaks down this week’s volatile markets into What, Why and What’s Next.