Hedge funds bet their bottom dollar … on the euro

Only twice before since the introduction of the euro has the tide of fast cash lifting the single currency and submerging the dollar been this strong.

The question today is whether the present trend continues and the euro sails higher, as it did in 2007, or reverses, as it did in 2011. Up to now, the signs are that it could be the former.

Figures from the U.S. Commodity Futures Trading Commission (CFTC) show that hedge funds and other speculators now hold the largest net long euro position since May 2011. The general short dollar position is the biggest in over three decades. read more

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Hedge funds bet their bottom dollar … on the euro

Only twice before since the introduction of the euro has the tide of fast cash lifting the single currency and submerging the dollar been this strong.

The question today is whether the present trend continues and the euro sails higher, as it did in 2007, or reverses, as it did in 2011. Up to now, the signs are that it could be the former.

Figures from the U.S. Commodity Futures Trading Commission (CFTC) show that hedge funds and other speculators now hold the largest net long euro position since May 2011. The general short dollar position is the biggest in over three decades. read more

No Comments Categories: Plan your future

Sun Life expands emerging markets footprint with acquisition

Sun Life Financial Inc. is expanding its emerging markets footprint with the purchase of Excel Funds Management Inc..

Sun Life’s mutual fund division, Sun Life Global Investments (Canada) Inc., announced late Thursday it’ll be buying all the outstanding shares of both Excel Funds Management Inc. and Excel Investment Counsel Inc., including its recently launched $4-million ETF company.

Excel funds, most well known among investors because of its emerging markets offerings, has roughly $700-million in funds under management that will now be added to the $18-billion in AUM handled by Sun Life Global Investments read more

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Why DIY investors are being blocked from Purchasing a Few of Canada’s lowest-cost Capital


Since Canadians increasingly turn to lower-cost alternatives for their investment dollars, they’re discovering a hurdle they did not know exists: Some of the most common low-cost mutual fund families are not available on do-it-yourself online platforms.

Funds offered by numerous companies which have Mawer Investment Management, Leith Wheeler Investment Counsel and Steadyhand Investment Funds Inc. are no longer available on some of the most commonly used platforms, such as those run by leading banks. read more

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Why DIY investors are being blocked from Purchasing a Few of Canada’s lowest-cost Capital


Since Canadians increasingly turn to lower-cost alternatives for their investment dollars, they’re discovering a hurdle they did not know exists: Some of the most common low-cost mutual fund families are not available on do-it-yourself online platforms.

Funds offered by numerous companies which have Mawer Investment Management, Leith Wheeler Investment Counsel and Steadyhand Investment Funds Inc. are no longer available on some of the most commonly used platforms, such as those run by leading banks. read more

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Read this first if you Are thinking about investing in a fund


The article I wrote on Business in 2006 for the Report was one of my very controversial. It contested the value of funds. Not how they invest, but instead their prices, lack of transparency and, generally speaking, client-unfriendliness.

Have had their ups and downs. They have grown significantly — the latest tally is $3.2-trillion (U.S.) — but have come under increasing scrutiny. Investors are saying, “I purchased the sizzle, but where’s the beef?” In general returns haven’t justified sophistication and the fees. As it happens, the customers have been done better than by the managers. read more

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Computer error? Individual stock-pickers top hedge funds far in 2017


Big hedge funds like Aspect Capital, AQR Capital Management and Two Sigma lost money with individual, in the first seven months of 2017.

The typical hedge fund made 4.8 percent from the beginning of the year to July 31, Hedge Fund Research data reveals, but a lack of market leadership, June’s sharp change and reduced volatility has made trading more difficult for automatic funds.

read more

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Not on study says, ban


As authorities continue to examine whether earnings fees must be unbundled from investment goods, a new report indicates the move could have serious consequences for Canadians’ access to financial advice and raise issues of investment decision, industry concentration and cost transparency for customers seeking financial advice.

read more

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Toy Manufacturer helps stock fund that is top Glow in market


A toy manufacturer, a 100-year-old railway and a business that literally prints cash are among the eclectic mix of shares forcing Canada’s top-performing equity fund in an age of slow, “sloppy” growth.

“We are focused on the feeling that slow growth and deflation will continue and we have been investing accordingly,” David Arpin, senior vice-president and portfolio manager of the Mackenzie Canadian Growth Fund, said in a telephone interview. read more

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Fight brewing over proposal to loosen the hedge-fund Principles of Canada


Based on where you stand, investors are exposed by hedge funds to costs and risks plus they give individuals the chance.

That is the cornerstone of a tussle in Canada, in which principles that would allow investors to move into hedge funds and other items like derivatives and commodities as soon as next year are opposed by the leading watchdog. Financial institutions say involvement is a no-brainer. read more

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