Could this finance manager be Canada’s best dividend investor?

Building a diversified Canadian portfolio necessarily means looking much different than the S&P/TSX composite index.

“So much of the index is dominated by the banks, the energy and materials companies,” said Conrad Dabiet, a portfolio manager at Manulife Asset Management.

“But we can find opportunities in companies that aren’t as followed, or aren’t large weights in the index. And we’ve been able to do this without giving up much of what you’d expect from a dividend fund.” read more

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How an award-winning dividend fund manager Conquer all of His peers

Building a diversified Canadian portfolio necessarily means looking much different than the Samp;P/TSX composite index.

“So much of this index is dominated by the banks, the energy and materials companies,” stated Conrad Dabiet, a portfolio manager at Manulife Asset Management.

“But we could find opportunities in businesses that are not as followed, or are not large weights in the index. And we have managed to do this without giving up much of what you would expect from a dividend fun” read more

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One-year Because Trump’s win, U.S. funds enjoy strong growth

Assets managed by U.S.-based funds have risen substantially, led by equity capital, since Donald Trump won the U.S. presidential elections per year ago.

Though financial markets have been widely skeptical about the capacity of the Trump presidency to pass substantial political reforms because he won the U.S. elections, capital have appreciated inflows and have seen the value of the holdings grow as international financial markets enjoyed double returns.

Since the Trump presidency approached a yearlong anniversary on Wednesday, total net assets under management of U.S. mutual funds such as exchange-traded funds climbed by a sixth to $21.1-trillion within the one-year period ending Sept. 30, according to data from Thomson Reuters. read more

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Why this product is generating so much buzz in the mutual fund industry

Canadian mutual-fund companies could soon be offering retail investors a category of complex investment strategies now reserved just for associations and high-net-worth individuals.

Regulatory approval for these so-called “liquid options” funds, which are intended to optimize yields while providing downside protection in falling markets, could come as soon as next year.

The stakes are high for a business being pummelled by an avalanche of investment dollars leaving managed funds in favour of cheap, passive indicator products. At present, alternative approaches in Canada are only available to institutional investors or high net worth customers with incomes of over $200,000 per year or a net worth of $1-million. If approved for retail investors, liquid options could have market potential of over $100-billion of assets under management (AUM) within a five-year interval, according to a recent CIBC analysis report. read more

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Fed up with stocks, Canadian hedge fund turns to PE, Profits 88 Percent

The director of Canada’s top-performing hedge fund claims ETFs have made it tough to make money in stocks that are small-scale, so he is shifting his focus on private equity instead.

Toronto-based Goodwood Inc., with roughly $100-million under control, was a double winner in Canada’s most important hedge fund awards this month. Its SPValue Fund won Choice IQ’s award for the best one-year return in the equity class, with an 88-per-cent profit, and its Milford Fund won for best last-minute yield in the credit group, with an yearly 9.8-per-cent gain. read more

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Debating among the most hotly Contested topics in finance

Few topics in fund are as hotly disputed since the feud between advocates of passive and active investing. Bloomberg Gadfly’s Nir Kaissar and Bloomberg View’s Barry Ritholtz recently met online to join the discussion. They discussed global equity valuations.

Barry Ritholtz: I have a foot in both camps, though my store runs a largely passive portfolio of cheap worldwide assets. So perhaps I’m not the perfect Boglehead to make the case for passive investing.

But, I think a big chunk of your portfolio — many — must be indexed. Let’s start our situation by pointing out four of the key reasons: read more

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Debating among the most hotly Contested topics in finance

Few topics in fund are as hotly disputed since the feud between advocates of passive and active investing. Bloomberg Gadfly’s Nir Kaissar and Bloomberg View’s Barry Ritholtz recently met online to join the discussion. They discussed global equity valuations.

Barry Ritholtz: I have a foot in both camps, although my store runs a largely passive portfolio of cheap worldwide assets. So perhaps I’m not the perfect Boglehead to make the case for passive investing.

But, I think a big chunk of your portfolio — many — ought to be passively indexed. Let’s start our situation by pointing out four of the key reasons: read more

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Bread and butter Study helps managers of Canada’s best-performing stock fund

The supervisors of Canada’s best-performing large equity finance understand their sandwiches.

That is because they researched Premium Brands Holdings Corp., a British Columbia-based firm that makes processed meats and packaged sandwiches, prior to buying it for the Manulife Dividend Income Fund.

The inventory has helped drive returns in the $3.3-billion finance up 8.8 percent this year versus 4.3 percent for the Samp;P/TSX Composite Index. Over five decades, the fund’s 93-per-cent yield is nearly double the index. read more

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Discount brokerage Series A funds come under regulatory scrutiny

Securities regulators are stepping up attempts to examine the kinds of funds being offered through discount brokerages, especially those funds that charge for information where no advice is provided.

Earlier this year, the Investment Funds Institute of Canada (IFIC) achieved to authorities, asking them to adopt a rule which will ensure mutual funds that take an embedded adviser fee are only sold in stations where advice is provided. These funds — commonly called Series A mutual funds — accounts for 68 percent of the whole number of funds sold in Canada, according to IFIC. read more

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Status quo on embedded commissions not a Choice, OSC chair says

The debate on whether authorities should prohibit the use of embedded commissions continues to rattle the investment community and the chair of the Ontario Securities Commission says the status quo isn’t possible.

During a roundtable discussion held in Toronto on Monday afternoon, Maureen Jensen, chair and chief executive of the OSC, was quick to address the audience that no decision was made by the Canadian Securities Administrators on chasing an outright ban on embedded commission. However, as part of this process, regulators necessary to explore many different choices that may, independently or in combination, address the CSA’s worries and decrease the risk of potential negative effects a ban may bring. read more

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