News & Insights
Invested in Community: CMHF
Guest Author: TC Carling, President, Canadian Men’s Health Foundation The Canadian Men’s Health Foundation (CMHF) is a national, registered charity providing information, tools, and motivation for men and their families to live healthier. Canadian men are dying at an alarming rate from chronic illness and leaving their loved ones behind. Yet, 70 percent of men’s health problems are preventable […]
News & Insights
The Evolution of Alpha
The concept of alpha is the bedrock of financial markets. Without getting into the nuances of the active versus passive debate, investment managers aim to provide alpha to investors for which they charge a fee for their services. At its core, alpha is generally defined as excess return relative to a benchmark. The excess return can come from […]
News & Insights
Walking the Tightrope with the Fed
Back in February, I wrote an article called FOMC Gymnastics and a Potential Policy Misstep, which explored the likelihood that the FOMC (Federal Open Market Committee) could make a policy misstep that would have negative implications for asset prices. That piece explored five factors which made the current tightening cycle more difficult to interpret: An inflationary […]
Research
“Peeky” Blinders
When individuals have uncertainty about a specific product or idea, they will often look to what their peer group is doing to help them decide. Social proof is a behavioural bias that can lead to decision making errors. By embracing a process-driven research flow to guard against behavioural biases and data peeking, Viewpoint can distinguish between true and false alpha.
Research
Plot Twist: Your Bond Portfolio May Be Riskier Than You Think
Geek Level: Read Time: The Speed Read: Bonds are traditionally thought of as risk-free or safe-haven assets. However, fixed income investments have unique risks relating to their sensitivity to interest rate fluctuations. Sensitivity to interest rates movements means that bonds are not risk-free, especially if not held until maturity. Modified duration measures the sensitivity of […]