Monday morning briefing – November 4, 2019

VCs may benefit from investing in more women- and multicultural-led companies. Top 10 trends that will impact family offices. A look at how the digital economy is changing real estate. And much more in this week’s briefing.

Economic/industry news

The Bank of Canada held its central interest rate at 1.75%: Bank of Canada holds rates, warns economy will be ‘tested’

The Fed lowered its central interest rate: Fed cuts rates by quarter point while hinting at a policy pause

The U.S. economy grew 1.9% in the third quarter: US GDP rose a better-than-expected 1.9% in the third quarter as consumers continued to spend

Is there an opportunity in alternative fixed income?: Alternative fixed income seen as market opportunity

Competition in the ETF space is fierce: Cutthroat competition has come in the ETF industry

A look at how the digital economy is changing real estate: How the digital economy is reshaping real estate

Global ETF assets rose 2.52% over the third quarter: Global ETF assets extend lead over hedge fund industry to USD2.54 trillion at the end of Q3 2019, says ETFGI

News and notes (U.S.)

It was a tough month for hedge funds, according to Eurekahedge: Hedge funds lag, lose clients in September despite lower fees

Newer hedge funds outperforming their more established counterparts: These hedge funds do better

CFOs’ pay at private companies growing: A look at CEO vs. CFO compensation at late-stage private companies

VCs may benefit from investing in more women- and multicultural-led companies: Morgan Stanley: VCs neglect women and minorities, and it’s hurting returns

Looking to simplify limited partnership agreements: Private equity contracts are expensive and complex. This group wants to change that.

Mutual fund sales and performance over the past two weeks: Mutual funds scorecard: October 29 edition

Why investing in a 401(k) is so important: This is the biggest retirement mistake Americans are afraid of

News and notes (Canada)

3iQ gets approval for Bitcoin investment fund: OSC approves Bitcoin investment fund

CIBC launches three fixed income pools: CIBC launches fixed income pools

TD introduces MyTD: TD announces AI-driven advice service

AIMA looks at alternative investment market in Canada: AIMA publishes handbook on Canada’s alternative investment landscape

ICE launches platform to improve standardization and efficiency in an ETF primary market: New platform aims to boost ETF growth

Canadian DB plans advanced 1.6% in the third quarter: Canadian DB plans post 1.6 per cent median return in third quarter: survey

On the pulse – New frontiers in fintech

Combining humans with digital to help customers: Best customer experience in banking blends digital with human touch

How financial services companies can benefit from AI: Unleashing AI’s potential in financial services

Improving conversational AI: Overcoming the barriers to conversational AI

How deep learning can reach its potential: Deep learning is overtaking classic machine learning methods, study finds

FSRA joins the Global Financial Innovations Network: FSRA steps into global sandbox

Looking for a European digital currency: German banks calls for digital euro

Developing policy for crypto assets: IIROC launches crypto advisory group

The International Investment Funds Association (IIFA) releases Cybersecurity Program Basics: IFIC unveils updated cybersecurity guide

CI partners with d1g1t Inc.: CI Financial partners with fintech firm

High-net-worth topics

Top 10 trends that will impact family offices: Family office insights: 10 trends that will affect family offices in 2020

The wealthy are looking for safety in cash: Wealthiest investors are holding more cash says UBS

Polls & surveys – What financials are saying

North American investor confidence fell in October (State Street): Geopolitical turmoil dents investor confidence, State Street says

Interest in responsible investing rising (RIA): Canadians want more support on responsible investing

Even high income earners are struggling financially (TD): Earning power doesn’t necessarily equate to better financial health, survey finds

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