HighView Blog

A sense of history will help to interpret small cap return rankings

By Dan Hallett on April 11th, 2013

When asked recently to examine a portfolio manager’s track record, I was reminded of how careful one must be with performance rankings.  In this case, I was assessing the strong five-year run of a Canadian Small/Mid Cap Equity manager.  It...

BMO reins in fund distributions

By Dan Hallett on March 21st, 2013

I have been writing about monthly income investment funds for nearly a dozen years, putting their distributions to the test and highlighting such funds’ mythical tax advantages.   Over the past two years, I’ve been particularly...

The upside of manager turnover

By Dan Hallett on March 8th, 2013

When key people leave a money management firm, it is often cause for concern – particularly when key personnel leave in packs.  While one of my older blog posts laid out a framework for dealing with changes in lead managers, it’s also...

Want to scratch your market timing itch? Try some disciplined rebalancing

By Dan Hallett on February 15th, 2013

Many investors feel better about their investments when their advisor is fine-tuning their portfolios.  The persistence of global macroeconomic challenges has strengthened this long-standing desire among many clients.  While so few are skilled...

"The End of Fear"

By Adam Laird on February 2nd, 2013

The headline on the front page of the Globe and Mail today reads “Get Back in the Market…Now!” The lead article in the Report on Business is entitled “The End of Fear”. Wow! Isn’t it so often the way? The Dow closed yesterday through...

Biggest controversy with financial advisor commissions has nothing to do with advisors

By Dan Hallett on January 21st, 2013

Type the phrase “financial advisor commissions” into Google and the results will be less than flattering to the financial advice industry.  Understandably, regulators and the media are focused on full service brokers or financial...

Low bond yields make for tough decisions

By Dan Hallett on December 26th, 2012

I have been involved in several client proposals and meetings over the past several weeks.  A common thread continues to emerge in most cases.  Since bonds are needed to limit total portfolio risk, they also limit potential total returns.  And...

Bond bears’ growl is all noise

By Dan Hallett on December 17th, 2012

Type the phrase “bond bear market” into Google and you’ll see a long list of articles proclaiming the certainty of the oncoming bear market in bonds.  I agree that bond yields are artificially low and that bonds are expensive...

Private REITs require careful due diligence

By Dan Hallett on December 6th, 2012

The Globe and Mail shed a bit of light on the small universe of private real estate investment trusts (REITs) in Canada.  The article touches on both the benefits and perils of this emerging product segment.  I recently reviewed a Canadian...

Income trust fans have no reason to cry

By Dan Hallett on November 5th, 2012

For many income-oriented investors October 31, 2006 will forever be etched in their brains.  That was the day that our Federal Finance Minister lowered the tax boom and ended the tax arbitrage of income trusts.  The market reacted by slicing about...

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