Research Papers

Shifting Global Trade Patterns  Bring New Opportunities

Shifting Global Trade Patterns Bring New Opportunities

Published By: Capital Group | 03/11/2017

What will global trade and commerce look like in the coming years, and how will it influence the investment landscape?

Download

Selecting a factor strategy

Selecting a factor strategy

Published By: HSBC Global Asset Management | 01/11/2017

In a world where there are now more indices than stocks on the US market, this paper explores some of the challenges involved in index and factor investing, as well as the fundamental questions a prudent investor should ask.

Download

RESPONSIBLE INVESTING: THE EVOLUTION OF OWNERSHIP

RESPONSIBLE INVESTING: THE EVOLUTION OF OWNERSHIP

Published By: RBC Global Asset Management | 31/10/2017

2017 RBC Global Asset Management Responsible Investing Survey Executive Summary

Download

ESG: From Philosophy to Practice

ESG: From Philosophy to Practice

Published By: BMO Global Asset Management | 26/10/2017

Experts Vicki Bakhshi and Jamie Jenkins of BMO Global Asset Management (EMEA) discuss how to successfully deploy an ESG focus that’s entirely complementary to long-term performance goals,

Download

POWERING HYBRID ADVICE IN CANADA

POWERING HYBRID ADVICE IN CANADA

Published By: Accenture Consulting | 26/09/2017

Canadian Investors, typically conservative in their approach to wealth management, show an increasing openness to using technology to cut costs and maximize returns.

Download

Avoiding the pension fund event horizon: how close is close enough?

Avoiding the pension fund event horizon: how close is close enough?

Published By: ORTEC | 25/09/2017

This point of no return is an interesting concept that has been widely used in many other contexts. In this article I would like apply it to the balance sheets of pension funds. The health of pension funds is often described by the funded ratio, which is the ratio of assets compared to the value of the liabilities.

Download

Factor Attribution: Exposure where exposure is due

Factor Attribution: Exposure where exposure is due

Published By: HSBC Global Asset Management | 18/09/2017

Many factor investing strategies don’t provide pure exposure to their target factors, resulting in contamination from undesired sources of risk. Factor attribution helps investors get what they desire. It uncovers the true drivers of risk and return in candidate portfolios, allowing investors to identify the optimum investment for them.

Download

LIVE TO FIGHT ANOTHER DAY. Capital Preservation Is Key in Fixed Income Today

LIVE TO FIGHT ANOTHER DAY. Capital Preservation Is Key in Fixed Income Today

Published By: MFS | 31/08/2017

These are no ordinary times. Uncertainties have arrived “not single spies, but in battalions.”1 They include global central banks retreating from providing quantitative easing (QE), secular economic stagnation, high debt levels, adverse demographic trends, political dysfunction, heightened geopolitical tensions and the dislocation accompanying the march of technology.

Download

Hand in Hand: Sustainability and Performance - Part 1

Hand in Hand: Sustainability and Performance - Part 1

Published By: BMO Global Asset Management | 29/08/2017

Environmental, Social and Governance (ESG) investing has been demanding ever more attention in Canada – and globally. Vicki Bakhshi, Director in the Governance and Sustainable Investment team at BMO Global Asset Management (EMEA), shares her insights on what’s behind the momentum, the range of ESG strategies available, and the biggest trends and challenges ahead as we move toward building a more sustainable financial system.

Download

DYNAMICS OF FIXED INCOME ETF TRADING

DYNAMICS OF FIXED INCOME ETF TRADING

Published By: State Street Global Advisors | 24/08/2017

Fixed income ETFs have provided investors of many types, from large institutions to retail investors, an alternative tool to access the cash bond market. In this piece, we highlight several key aspects of the fixed income ETF trading dynamics to better assist investors in harnessing the utility of these instruments when implementing investment strategies.

Download

Why supporting employees to develop their coping skills and resiliency is good business

Why supporting employees to develop their coping skills and resiliency is good business

Published By: Morneau Shepell | 23/08/2017

How does a person’s resiliency predict their life fulfillment?

Download

LIVE TO FIGHT ANOTHER DAY Capital Preservation Is Key in Fixed Income Today

LIVE TO FIGHT ANOTHER DAY Capital Preservation Is Key in Fixed Income Today

Published By: MFS | 21/08/2017

These are no ordinary times. Uncertainties have arrived “not single spies, but in battalions.” They include global central banks retreating from providing quantitative easing (QE), secular economic stagnation, high debt levels, adverse demographic trends, political dysfunction, heightened geopolitical tensions and the dislocation accompanying the march of technology.

Download

2017 Eckler CAP Legal Forum: Improving disclosure and decumulation

2017 Eckler CAP Legal Forum: Improving disclosure and decumulation

Published By: Eckler | 16/08/2017

How can the government help modernize the Canadian capital accumulation plan (CAP) landscape? What regulatory changes are needed to help protect CAP sponsors from key risks relating to disclosure and decumulation? Eckler’s 2017 CAP Legal Forum brought together some of Canada’s leading pension lawyers and government representatives to discuss these issues.

*Reprinted with permission from Eckler Ltd.

Download

Invesco Global Sovereign Asset Management Study 2017

Invesco Global Sovereign Asset Management Study 2017

Published By: Invesco | 03/08/2017

Over the past five years we’ve noted a number of factors influencing sovereigns such as low interest rates, the falling oil price and reduced funding. This year however we note geopolitical shocks in developed markets are shaping decision making. When coupled with uncertainty over the end of quantitative easing, the commencement of quantitative tightening and ongoing volatility in currencies and commodities it’s clear sovereign investors are faced with a challenging macroeconomic and therefore investment environment.

Download

Factor Investing Pure and Simple

Factor Investing Pure and Simple

Published By: HSBC Global Asset Management | 27/07/2017

Common smart beta strategies are based on well-established risk premia factors: value, small cap, momentum, low volatility and quality. HSBC has uncovered that many of these indices exhibit unintended exposures to unrelated factors because of their simplistic construction methods. 

In Factor Investing: Pure and Simple, HSBC investigates measuring the purity of smart beta strategies based on the portion of active risk driven by the targeted factor. The paper also explores practical applications and strategies to enhance investment performance through factor investing.

Download

Liquid alternative strategies as an answer to the  low interest rate environment

Liquid alternative strategies as an answer to the low interest rate environment

Published By: Allianz Global Investing | 13/07/2017

The following article provides an overview of the potential to add value by incorporating liquid alternative investments in a portfolio context, and of some of the available strategies and risk premiums.

Download

Alternative Assets: The Path to Transparency

Alternative Assets: The Path to Transparency

Published By: Northern Trust | 22/06/2017

Learn how industry views of alternatives are evolving, and what that means for your organization.

Download

RIA 2017 Investor Opinion Survey. In Focus: Gender Diversity

RIA 2017 Investor Opinion Survey. In Focus: Gender Diversity

Published By: Ocean Rock Investments Inc. | 01/06/2017

This survey provides the investment industry with vital data on investor attitudes towards RI. The first part of this report examines investor perspectives on RI in general. The second part, In Focus, hones in on investor attitudes towards two important gender diversity issues–women on boards and gender pay equity.  https://www.riacanada.ca/

Download

The Impact of Passive Investing on Market Efficiency

The Impact of Passive Investing on Market Efficiency

Published By: Epoch Investment Partners, Inc. | 18/05/2017

Academic studies are beginning to shed light on how passive ETFs are influencing markets.

Download

Express Scripts Drug Trend Report 2016

Express Scripts Drug Trend Report 2016

Published By: Express Scripts | 07/05/2017

In 2016, Express Scripts Canada’s analysis of private-plan spending trends once again reflected opposing cost forces. Factors driving an increase in drug spend have outweighed downward pressure on drug costs. At the same time, high-cost drugs and high-cost patients continued to create troubling trend acceleration.

We are now at a crossroads—the cost impact of patent expiries is slowing, while that of high-cost drugs and patients with multiple chronic conditions continues to accelerate.

Download

Enhancing Your Investment Grade Allocation with Private Debt

Enhancing Your Investment Grade Allocation with Private Debt

Published By: TD Asset Management | 04/05/2017

It’s easy to become overwhelmed by the details, especially when they are being reported around the clock, 140 characters at a time. However, today’s headlines mostly revolve around things we can’t control and create market imbalances we can’t control, so while it’s important to be aware of the macro backdrop, the fixed income team at TD Asset Management
(we) believes investors will be better served by focusing on the things they can control.

Download

CLIMATE CHANGE: DELIVERING ON DISCLOSURE

CLIMATE CHANGE: DELIVERING ON DISCLOSURE

Published By: OP Trust | 04/05/2017

CLIMATE CHANGE is one of the most significant challenges facing the world today and increasingly complex to navigate as a large, global investor.  Bold steps and ingenuity will be required to reduce the effects of climate change in the coming decades. Equally, bold steps will be required to help investors understand and mitigate the risks that climate change presents to our portfolios.

Download

GLOBAL CLIMATE  INDEX 2017

GLOBAL CLIMATE INDEX 2017

Published By: AOD Project | 26/04/2017

The fifth AODP Global Climate 500 Index launches after a year of rapid developments in articulating the financial risks of climate change to the global economy.

Download

ESG's place in investment portfolios. Today and tomorrow.

ESG's place in investment portfolios. Today and tomorrow.

Published By: State Street Global | 24/04/2017

Growing interest in environmental, social and governance (ESG) credentials among institutional investors reflects a view that ESG insights and perspectives can address multiple objectives. In addition to targeting positive social or environmental impacts, ESG criteria are increasingly recognized as material to long-term financial outcomes. https://www.ssga.com/na/ca/permitted-client/en/home.html

Download

Multi-factor investing and environmental, social and governance strategies

Multi-factor investing and environmental, social and governance strategies

Published By: HSBC | 10/04/2017

Learn how selective exposure to well-established risk premia factors — value, size, momentum, low risk, quality and environmental, social and governance (ESG) approaches can minimize unintended exposures when executing multi-factor-ESG investment strategies.

Download

Understand IBS:  Its Impact On Employee Quality Of Life, Physical Health, Mental Health & Productivity At Work

Understand IBS: Its Impact On Employee Quality Of Life, Physical Health, Mental Health & Productivity At Work

Published By: Allergan | 01/04/2017

Learn about the multiple symptoms of IBS and the impact these symptoms have on employee quality of life, physical health, mental health and productivity at work.

Download

Finding Opportunities In An Era Of Rapid Change

Finding Opportunities In An Era Of Rapid Change

Published By: T. Rowe Price | 01/02/2016

Key global industries are being disrupted by technological innovation, changing consumer preferences, and political or regulatory initiatives. These changes may produce extreme performance gains for winners. David Eiswert, CFA, portfolio manager of T. Rowe Price’s Global Focused Growth Equity Strategy, shares his insights on how a portfolio structure that allows investors to compare opportunities across geographic regions can leverage fundamental stock-picking skill.

Download

Reshaping the Canadian Retirement System

Reshaping the Canadian Retirement System

Published By: Russell Investments | 01/01/2016

Economic conditions, longevity and other risks related to defined benefit (DB) pension arrangements have left many questioning the traditional DB model. Defined contribution (DC) arrangements have seen growth but they too have flaws. As a response, many jurisdictions in Canada are considering new pension structures. Discussed in part 1 – Motivation for change and, in part 2, Investing strategically.

Download

Changing The Game for Employees Living With Obesity

Changing The Game for Employees Living With Obesity

Published By: Novo Nordisk | 01/11/2015

Progressive approaches to support chronic weight management
Imagine being able to reduce or prevent benefits costs associated with some common chronic conditions. How? By changing the ways private health plans think about and respond to obesity.
Novo Nordisk Canada gathered together key industry opinion leaders for insights on progressive ways to address obesity as a chronic disease, both in plan design and wellness programming. Read more about how the industry can open the door to healthier, more productive employees.

Download

How to Manage Tracking Error with Greater Certainty

How to Manage Tracking Error with Greater Certainty

Published By: Hillsdale Investment Management Inc. | 22/10/2015

In the Canadian equity manager universe, there is no evidence that tracking error risk is proactively managed. This is especially surprising given that tracking error is an important measure of active investment management risk as it provides investors with a tool to estimate the expected variability of their manager’s value added. This paper examines two different techniques a Canadian equity manager can employ to manage tracking error risk.

Download

Apple was a middle market company once

Apple was a middle market company once

Published By: Unigestion | 01/10/2015

Capturing the growth potential of the mid-market private equity universe.

Download