monday-morning-briefing-July 16

Monday morning briefing – September 9, 2019

Helping smaller clients with their financial planning needs. Private equity firms are taking an interest in physician practices. Four phases of a successful digital transformation. It’s time to listen to the lesser known managers. And much more in this week’s briefing.

Economic/industry news

The BoC held its central interest rate steady at 1.75%: Bank of Canada balks at joining global rate-cutting trend

The Canadian unemployment rate was unchanged at 5.7% in August: Canada sees jobs surge in August with 81K new positions

The U.S. unemployment rate was 3.7% in August: U.S. creates just 130,000 news jobs in August, keeping Fed on track to cut rates

Manufacturing states suffering from trade uncertainty: Trump’s trade war inflicts pain on manufacturing states

What happens if the global consumer stops spending?: Trade-war damage piles weight of global economy onto consumers

Assets under management fell for the world’s largest pension funds in 2018: World’s largest pension funds’ AUM decreased in 2018

Fund costs will impact Morningstar’s analyst ratings: How Morningstar’s new ratings reality will affect funds, ETFs

BlackRock’s outlook for the Canadian economy in the fourth quarter: Outlook for final quarter of 2019

News and notes (U.S.)

Time to listen to the lesser known managers: With Sohn Conference bets, pay attention to the no-name managers

PE firms are taking an interest in physician practices: Why are PE firms hot for physician practices?

How the biggest VCs are investing: Breaking down early- and late-stage deals for the top 20 US VC investors (datagraphic)

Why 401(k) sponsors must understand mutual fund fee structures: Fiduciary responsibility and mutual fund fees

ACI to launch five active ETFs: American Century to launch five active equity ETFs under new Avantis banner

Investing in an NBA team: NBA considers vehicle to bring new investors to soaring team values

Mutual fund sales and performance over the past two weeks: Mutual funds scorecard: September 3 edition

News and notes (Canada)

Dynamic launches the Dynamic Credit Absolute Return II Fund: Dynamic Funds launches fourth liquid alternative offering

Waratah launches the Waratah Alternative Equity Income Fund: Waratah Capital launches liquid alternative mutual fund

FP Portfolios launches new ETF: Firm launches ETF alternative to structured products

Canadian ETF assets rose to $186 billion in August: Canadian ETF inflows hit $2.7B in August

Banking leaders are set to adapt to the changing financial landscape: Big bank CEOs talk lower rates, living in ‘unprecedented times’

First-time homebuyers believe new incentive plan may be helpful: First-time homebuyers optimistic about new government incentive: poll

On the pulse – New frontiers in fintech

A look at how fintech is changing the financial services industry: 5 ways fintech is reshaping the financial services industry

Three best practices to help banks become leaders in personalization: How banks and credit unions can take the lead in personalization

Four phases of a successful digital transformation: We just haven’t got a clue what to do!

How AI can help back-office functions: The future of finance is powered by artificial intelligence

Understanding the ethics of AI: Filtering the ethics of AI

A look at five industries being transformed by AI: AI predictions: how AI is transforming five key industries

Helping smaller clients with their financial planning needs: Bringing financial planning to the masses

Plans for a crypto fund-of-funds for institutional investors: Hedge fund manager plans $1bn crypto fund

High-net-worth topics

The high-net-worth are looking for more than just strong investment performance: For HNW clients, digital convenience is no substitute for a personal connection

Managing the high-net-worth’s digital wealth: What you need to know about managing clients’ digital wealth

Polls & surveys – What financials are saying

Canadian productivity hurt by financial stress (Canadian Payroll Association): 43% of Canadians say financial stress is hurting work productivity: Study

Institutional investors not yet fully adopting ESG (CoreData): Institutional investors yet to fully embrace ESG, says new research

Client expectations are the top challenge for wealth and asset management firms (RBC): Client demands overtake regulation as the top challenge for firms

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