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Putting monthly distributions to the test
I don’t make many bold predictions. But nearly a decade ago I did just that in this article. I challenged the most popular monthly income mutual fund of the day, now known as IA Clarington Canadian Income (now called IA Clarington...
Advisor’s Alpha
HighView Financial Group, as a firm, has always held the view that the greatest value provided by quality Investment Advisors to their clients is the stewardship of their wealth. In other words, the accumulation of wealth requires patience,...
Adding value to ETF portfolios
In an April 2010 post, I wrote of the challenges advisors face when using ETFs as the product solution for constructing client portfolios. In the May 2010 issue of Investment Executive, I turned around and touched on advisors’ potential...
Don’t forget bonds
There is an interesting dichotomy at play today in retail investment circles. Individual (i.e. retail) investors are clamouring for bonds and bond funds since the wounds from the 2007-09 bear market remain fresh while bonds have been a haven. ...
Preservation Of Capital With Responsible Growth
At HighView Financial Group, we know that the accumulation of wealth requires patience, perseverance and hard work. It goes without saying that those who are successful in creating such wealth do not want to have to create it twice! This view...
Volatility measures behavioural risk
In his latest Globe & Mail column, Tom Bradley discussed risk and volatility. Modern finance theory uses volatility, or more formally standard deviation, as its measure of risk largely because it is an easy statistic to use in quantitative...
Gold’s investment merit
I recently challenged gold bulls to ask themselves tough questions before devoting significant dollars to the yellow metal. A related topic – the investment merit of gold – was the topic of discussion on our panel on The Early Shift...
Is HXT’s 8 basis point savings enough to lure investors?
Most financial journalists in Canada charge that the Canadian investment fund industry lacks the kind of price competition we often see in the U.S. industry. This is true. But like the people, Canadian investment fund price wars exist though...
Where to invest? Look at what makes you squirm.
Yesterday’s Globe & Mail featured an article by U.S. equity manager Larry Sarbit making the case to invest in U.S. stocks now. He cited his 70% invested position (compared to 10% – 20% a few years ago) to illustrate his...
Know what correlation measures, and what it doesn’t
The fund again resumed its tight correlation to the index starting in 2004 (until so far this year). The lesson: don’t rely on the trailing three or five year correlation or r2 to tell you what will happen in the future. 4. Use...
