Invesco Canada blog

Insights, commentary and investing expertise

October 24, 2016
Subject | Active management | Trimark

Samsung Electronics Co., Ltd. has dominated tech and business media recently with news it was recalling its Galaxy Note 7 phones. Product recalls such as this are not unheard of, but the combination of safety concerns, the popularity of the product and the ongoing battle for mobile phone dominance made this case headline-worthy. Samsung is a top-ten holding in two of the funds I manage – Trimark International Companies Fund and Trimark Emerging Markets Class (as at September 30, 2016). Here is my view on the business impact of the recall and how we are approaching our weightings in the funds.


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BoC holds rate, but downgrades growth outlook

The Bank of Canada (BoC) left the overnight lending rate unchanged at 0.5% Wednesday. Generally the tone of the meeting was dovish as Bank Governor Stephen Poloz acknowledged that the Governing Council actively discussed the possibility of adding additional monetary stimulus at the meeting as economic slack continues to exert downward pressure on inflation. In spite of that acknowledgement, the Bank did not indicate that a future rate cut was imminent.


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Trump vs. Clinton: Views from a veteran U.S. investor

October 17, 2016
Subject | Active management | Macro views | Trimark

As the manager of a mutual fund focused on U.S. companies, I’ve been asked a lot recently about the upcoming U.S. election. The main question from investors, of course, is: What will be the impact of a Clinton/Trump win on the companies and sectors we hold in the fund? My short answer – very little, if any, impact.



Q&A: How are Canadian advisors using low volatility in portfolios?

October 12, 2016
Subject | ETFs | Institutional | PowerShares | Smart beta

We hosted two experts from S&P Dow Jones Indices for an in-depth conversation about low-volatility as an investment factor. In this final installment of the interview, we discuss different advisor views on low volatility, how it pairs with other factors and how it can be used in portfolios.


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How has the low-volatility factor performed in recent markets – and why?

September 28, 2016
Subject | ETFs | PowerShares | Smart beta

Late summer has not been fruitful for the low-volatility factor. From July 6 to September 9, the S&P 500 Low Volatility Index has fallen by 4.67%, while the S&P 500 Index gained 1.70%.1 This is in sharp contrast to the second quarter, when the low-volatility index returned 6.75%, and the broad-market index returned 2.46%.1 Naturally, some investors are wondering what’s behind the shift.


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Fed holds rate, signals likely December hike

Today’s much-awaited Federal Reserve (Fed) meeting and press conference came and went with what I’d describe as few surprises. The Fed left the federal funds rate unchanged (target range of 0.25% – 0.50%) but saw three Federal Reserve Bank presidents (Esther L. George, Loretta Mester and Eric Rosengren) cast dissenting votes in favour of a hike.


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