Every three months, the partners and portfolio managers collaborate on a summary of the state of the economic world as it pertains to your portfolio and our approach. Below, you will find links to our archives.
Credit market turmoil has continued during the first quarter of 2008, with several more financial institutions being forced to take huge write-offs and raise new
2007 was a year marked by higher volatility than investors were accustomed to since the beginning of the current bull market of 2003. Particularly, Canadian
What a quarter! Stock markets have finally experienced their first 10% correction since the beginning of 2003. An apparent liquidity crisis developed in the asset-backed
Stock markets have been quite strong globally, as you can see from the performance numbers shown above. Unfortunately, for Canadians who tend to diversify their
While the markets finished the quarter on a positive note, the ride was certainly a bumpy one. Volatility this quarter was caused by two events:
2006 has been a stellar year for equities in general, as can be seen in the above table. European equities have been particularly strong, especially
The correction that started in May 2006 mentioned in our last quarterly letter seems to have been short-lived. The market resumed its upward trend in
At first glance, implementing tariffs may seem like a straightforward and beneficial policy. After all, why not impose a tax on foreign goods and generate
Fixed income indexing is a passive investment approach that aims to replicate the performance of a bond index by holding a diversified portfolio of fixed-income
Retiring in a down market can feel unsettling. After years of carefully saving, it’s natural to feel anxious when your portfolio dips just as you’re
Planning your estate can feel daunting, but it doesn’t have to be. While some may see it as unnecessary, effective estate planning ensures that your