The following is an excerpt from the quarterly newsletter distributed to clients. 2022: How diversified are you? Jason Zweig, investment guru and writer of the Wall Street Journal’s “The Intelligent Investor” column, recently wrote about the reality facing many investors so far in 2022 (see Figure 1). The rest of the article goes on […]
The following is an excerpt from the quarterly newsletter distributed to clients. Grin and “Bear” It – Finding Opportunity in a Volatile Market Global markets resumed their slide during the second quarter of 2022 as consternation over inflation, rising interest rates, and the possibility of a potential recession weighed on investor sentiment. Notably, the S&P […]
Our succinct perspective on key investment and wealth-related issues. As Canadians, we associate springtime with longer days, warmer weather, playoff hockey… and tax season. It’s not surprising that many have an aversion to thinking about the latter: wealthy Canadians pay among the highest levels of personal income tax in the world. In fact, as you […]
The following is an excerpt from the quarterly newsletter distributed to clients. Preparing for Unknown-Unknowns Thoughtful investors are always attuned to potential risks. Heading into 2022, the attention of market participants and media pundits was trained on the following: Would the Omicron wave trigger an economic slowdown? Would surging inflation prove to be a transitory […]
Our succinct perspective on key investment and wealth-related issues. Following a munificent 2021 in markets, investors could be forgiven for feeling a little complacent. After all, most assets in their portfolios delivered sizable gains last year, propelled by a heady mix of earnings growth, low interest rates, unprecedented central bank stimulus, and a liquidity-fueled appetite […]
The following is an excerpt from the quarterly newsletter distributed to clients. Rewarding 2021 – Prospects for 2022 Stock markets posted strong returns during the fourth quarter, capping off a very good 2021 for most investment assets. Globally, the S&P500 once again led the way in Q4, gaining 11%, while in Canada, the S&P/TSX rose […]
The following is an excerpt from the quarterly newsletter distributed to clients. Where opportunity lies Conflicting investment themes caused volatility for global asset markets during the third quarter. Yet despite the choppiness, returns were relatively flat for stocks and bonds. The S&P500 eked out a 0.6% gain while in Canada, the S&P/TSX was up a […]
We are pleased to announce that The Focus Credit Opportunities Fund has been nominated for the 14th Annual Hedge Fund Awards 2021 in recognition of the fund’s one year return. This unique investment strategy invests in various credit markets and supports portfolio diversification. The fund’s strong performance speaks to the commitment and proficiency of Michael […]
Our succinct perspective on key investment and wealth-related issues. “Unprecedented” is a word we have heard frequently in the last two years. And while we are reluctant to contribute to its overuse, the extraordinary fiscal and monetary stimulus enacted in the wake of COVID-19 pulled global bond yields to low levels that were truly… unprecedented. […]