Insights

From Santa Claus to Krampus: How Rising Yields & Inflation Are Reshaping Markets for 2025

While equity investors enjoyed another strong year of returns, the end of the year finished with a whimper as opposed to a bang. The Santa Clause rally never really materialized as equities chopped sideways throughout December, though with global equities posting a +18% gain on the year in USD terms, wishing for a continued equity […]

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From the Desk of Our CIO

From Santa Claus to Krampus: How Rising Yields & Inflation Are Reshaping Markets for 2025

While equity investors enjoyed another strong year of returns, the end of the year finished with a whimper as opposed to a bang. The Santa Clause rally never really materialized as equities chopped sideways throughout December, though with global equities posting a +18% gain on the year in USD terms, wishing for a continued equity […]

Riding the Digital Wave: Bitcoin’s Role in the New Commodity Supercycle

2024 has been an interesting year in commodity markets. As we’ve written about previously, we believe de-globalization and supply chain diversification have kicked off a confluence of supply and demand factors that has initiated a new commodity supercycle. However, this commodity supercycle is likely to be different than the last cycle, which began in the […]

Chocolate Crisis Redux: Should the Easter Bunny Start Hedging?

The cocoa market has been relatively quiet over the past few months, with volatility subsiding from the eye-watering levels in the late spring when the price of cocoa was going parabolic. Although volatility hasn’t completely disappeared, prices have been rangebound between $7,000 and $10,000 per ton as market participants try to gauge how the harvest […]
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Research Roundup

Unlocking the Potential of Direct Commodities in Real Asset Funds

In the ever-evolving landscape of real asset investments, fund managers seek strategies to enhance portfolio resilience and performance. A compelling opportunity lies in the strategic allocation to direct commodities. This approach offers several advantages that align closely with the objectives of real asset funds, particularly those aiming for robust inflation protection, liquidity management, and diversification. […]
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Invested Newsletter

INVESTED: December Edition

Good morning! As 2024 wraps up, this month’s Invested newsletter highlights Viewpoint Foundation’s community-driven initiatives in mental health, financial literacy, and the arts. We also explore market trends like rising coffee and cocoa prices, climate-driven chili changes, and expert investment insights for 2025. Plus, check out tips for lasting New Year’s resolutions and 2024’s groundbreaking […]

INVESTED: November Edition

Good morning! Discover the latest trends and insights in this month’s Invested newsletter! In this issue, we focus on the ripple effects of the recent U.S. election and Donald Trump’s return to the presidency. From sweeping tariffs and pro-growth energy policies to their implications for global markets, explore timely insights from Viewpoint’s own Scott Smith, […]

INVESTED: October Edition

Good morning! Discover the latest trends and insights in this month’s Invested newsletter! In this issue, we explore everything from candy shrinkflation to the “Halloween strategy” of investing in our Halloween-themed Investment Pulse. Later, don’t miss Viewpoint Investment Partners Co-Founder Mac Van Wielingen’s take on Canada’s climate strategy in his recent podcast with The Hub, […]
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News & Insights

Are You a Meerkat or an Ostrich?

When it comes to your ETF and mutual fund investments, how much attention do you pay to the Manufacturer Report on Fund Performance (MRFP)? Do you actively seek it out—either by searching online or asking your financial advisor? Do you actually read the entire document? (Glancing at graphics or tables doesn’t count!) Do you fully […]

Nurturing Responsible Wealth Inheritors

— December 19, 2024 Edit — As the year comes to a close, we wanted to revisit a piece from our March issue of Invested: “Nurturing Responsible Wealth Inheritors.” This article explores the unique challenges and opportunities families face in preparing the next generation for responsible wealth stewardship. With 2024 behind us, it’s worth looking […]

Unraveling Market Mysteries One Equation at a Time

Using Greek letters, numbers, and equations to describe the world is strange. Before I embarked on a near decade-long academic pursuit in the field of theoretical physics, I distinctly remember thinking about this peculiarity while sitting in my high school physics class staring at Newton’s laws of kinematics. It really is strange that we have […]
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Research Notes

Risk Parity & Pension Portfolios: A Perfect Match

Geek Level: Read Time: The Speed Read: Growth sleeves within a pension’s asset-liability framework are built with the intention of improving funded status, but depending on the path of different macroeconomic drivers, these portfolios can lead to adverse outcomes due to risk mismatches. Key risks in future pension liabilities include growth (both wage and economic), […]

Make Sure the Free Lunch Isn’t Moldy

Speed Read: The concept of diversification has a long history and is often considered “the only free lunch” in investing. The benefits of diversification are well studied in academic literature, but in practice, correlations between traditional assets like stocks and bonds can change, affecting the effectiveness of diversification. The correlation between U.S. stocks and U.S. […]

“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.
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White Paper

Revisiting Shrinkage: Covariance Matrix Estimation in the Modern Age

One of the great truisms in modelling is "garbage in, garbage out." In few places is that more important than in financial modelling.
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