Tuesday morning briefing – May 21, 2019
There is no stopping socially responsible investing. The benefits of making personalization a reality. How ETFs rose to prominence. And much more in this week’s briefing.
Economic/industry news
Canada’s inflation rate rises to 2.0% in April: Inflation rises in April as carbon taxes drive up gas prices
Why a Fed rate cut could be problematic for the economy: Fed’s George warns rate cut could lead to bubbles and recession
How ETFs rose to prominence: Why ETFs succeeded for retail investors
Looking beyond fees: Fees aren’t the only cost of investing
MSCI to add more shares to its emerging markets index: MSCI boosts China, adds Saudi to emerging-market indexes
There is no stopping socially responsible investing: Socially responsible investing movement is hot and there are no signs of it cooling off
How DC plans can follow in the footsteps of DB plans: 2019 Top 40 Money Managers Report: Investment lessons for DC plans from their DB parents
News and notes (U.S.)
A look at the hedge fund industry in April: State of the industry – April, 2019
Alternative asset firms looking to enter the retail market: Hiring activity suggests alts firms are eying wealth management
Balancing foreign investment with national security: An increase in foreign investment in the US comes with trade-offs
A look at one of the largest lenders in the world, GSO Capital Partners: The radical, lucrative, and controversial company hiding in Stephen Schwarzman’s pocket
Looking at retirement in the U.S.: Is there really a retirement crisis brewing?
Another delay on the decision of a bitcoin ETF: SEC delays decision on Bitwise Bitcoin ETF again
Mutual fund sales and performance over the past two weeks: Mutual funds scorecard: May 14 edition
News and notes (Canada)
Private equity firm, Onex, to purchase WestJet: Onex signs agreement to buy WestJet in $5B deal
BMO announces changes to its investment lineup: BMO Investments announces new fund and series launches
Nest Wealth purchases Razor Logic Systems: Nest Wealth acquires Canadian software firm
Accelerate Financial Technologies launches three ETFs with 0% management fees:Alternative offerings mark firm’s ETF debut
Certain budget measures affecting the financial services industry may not pass before the fall election: Stock option changes, other budget measures unlikely to proceed before election
On the pulse – New frontiers in fintech
Making personalization a reality: Big payoffs for banks & credit unions from personalization
How technological advancements can turn complaints into opportunities: Five year increase in customer complaints an opportunity for banks, Financial Ombudsman reports
House Committee on Financial Services sets up fintech task force: US Congress launches fintech and AI task forces
Responding to cyber risks: Cyber exposure for mutual funds
FINRA to streamline interactions with member firms: FINRA plans digital transformation
Fintech deals grew to $111.8 billion in 2018: Global fintech investment doubled in 2018
Cybersecurity teams should be involved in managing the risks of business and digital transformation: PwC’s Digital Trust Insights survey: aligning business and cyber security drives success
A look at the Chief Data Officer: The evolution of the Chief Data Officer
Amazon moving into the blockchain space: Will Amazon find the same success with blockchain as they did with cloud?
High-net-worth topics
How much money do people need to consider themselves wealthy: You need $2.3 million to be considered truly wealthy in America
Brokerage firms must improve the products and services they offer the high-net-worth:Not good enough
Polls & surveys – What financials are saying
Help from a financial advisor is one of the best tools for retirement planning (Benefits Canada): Advisors top list of retirement planning tools: survey
ETF investors expected to increase their allocation to ETFs to protect against market volatility (Charles Schwab): Two thirds of ETF investors expect to raise allocations this year
Education costs impacting parents’ finances (FP Canada): University costs delay parents’ retirement: survey
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Monday morning briefing – May 13, 2019
Banks must meet customers’ expectations of personalization. Advisor conversations about ESG investing are on the rise. How to effectively reach millennials through social media. And much more in this week’s briefing.
Economic/industry news
The U.S. inflation rate was 2.0% in April: U.S. consumer prices rise; underlying inflation tame
The Canadian unemployment rate fell to 5.7% in April: Canada surprises with biggest one-month jobs gain since 1976
The Fed is concerned with credit markets: Reshaped credit markets are spooking the Fed
Institutional investors looking to emerging markets for higher returns: Institutional investors are all in on emerging markets
A look back at the 2010 Flash Crash: Nine years on: The true story of the 2010 Flash Crash
Global regulatory review: FactSet regulatory update: May 2019
News and notes (U.S.)
The Eurekahedge Hedge Fund Index rose 1.13% in April: Hedge funds positive again in April after robust first quarter
A potential market downturn could mean more assets allocated to hedge funds: 4 out of 5 investors to bet bigger on hedge funds
Apollo planning to convert to a C-Corp: Apollo becomes latest PE bigwig to plan corporate conversion
The transformation of KKR: Gentlemen at the gate: With trillions pouring in, KKR and its peers must build up rather than break up
PIMCO adds Richard Thaler as a senior advisor: Pimco brings on Nobel-winning economist Thaler for advisory role
How Vanguard is deferring capital gains taxes on its mutual funds: Vanguard investors get control of paying taxes
Actively managed ETFs have been gaining traction in the market: Active ETFs gaining ground
News and notes (Canada)
TD launches more ETFs: TD launches three new equity ETFs
Canadian pension plans investing in AI venture capital fund: CPPIB, PSP part of group investing in new AI fund
AdvisorSavvy launches advisor rating platform: Advisor rating site to offer marketing platform
Scotiabank to launch Global Wealth Management division: Scotiabank launching global wealth management business in November
Fixed income ETFs accounted for a greater share of total ETF sales in the first quarter:Canada’s fixed income ETFs fared well in first quarter
On the pulse – New frontiers in fintech
How banks and fintech firms can work together to create better solutions for customers:Banks and fintech: the next step
Digital transformation must come from the top of the organization: Digital is a leadership challenge and not a project
Banks must meet customers’ expectations of personalization: Trendwatch: Independent banking brands? Or integrated service bundles?
The KYC process needs to be improved: SWIFT’s Claeys: Decades-old KYC processes need change
The impact of insurtech on the insurance industry: The fintech revolution in insurance
Helping people spend, save and invest: New digital financial advice service – OpenMoney
New financial tool to help retail investors compare and analyze stocks: QARA launches “What Is Fund” (WIF) as beta-service
Algorithmic trading market expected to grow by 11.1% annualized over the next five years:Algo trading market to surpass $18.8 billion in five years
How to effectively reach millennials through social media: Shifts in millennial social media habits financial marketers can tap
Fintech firm, SoFi, launches ETFs: SoFi launches gig-focused ETF
Fidelity to offer bitcoin trading to its institutional clients: Fidelity said to offer bitcoin trading within weeks
High-net-worth topics
High-net-worth investors are optimistic about the global economy: Wealthy investors bullish on global economy, stocks, UBS finds
Examining your portfolio can have a meaningful impact on your life: Living purposefully: The surprising benefits of examining your portfolio
High-net-worth individuals will invest in cryptocurrencies: New global poll reveals high-net-worth individuals are flocking to crypto
Polls & surveys – What financials are saying
CPAs less optimistic about the Canadian economy (CPA Canada): Economic optimism declines among Canadian accountants: survey
Advisor conversations about ESG investing are on the rise (Nuveen): More advisors bringing up ESG investing with clients
Financial wellness programs helping employees’ financial planning (Financial Finesse):Long-term use of financial wellness programs drives retirement success: study
21% of young baby boomers in Canada don’t have any retirement savings (Franklin Templeton): Many young baby boomers have no retirement savings
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – May 6, 2019
Movement across borders by millionaires up 14% in 2018. Here are the fintech firms that you need to know for 2019. There is strong optimism and demand for alternative investments. And much more in this week’s briefing.
Economic/industry news
The Fed held its target range steady at 2.25%-2.50%: Fed holds rates steady, citing lack of inflation pressure
The BoE maintained its Bank Rate at 0.75%: Bank of England ups growth view, Brexit keeps rate rise on ice
The Fed’s comments have a big impact on financial markets: Fed needs to develop a better feel for markets
Real assets should benefit from a pause in interest rate increases: How the Fed pause affects real assets
Financial advisor revenue climbed in 2018: Financial advisor revenue reaches record high despite drop in assets
A look at the risks and opportunities in the wealth management industry: Sizing up the competition in wealth management
Understanding how liquidity affects the total cost of an ETF: The importance of ETF liquidity: State Street
How ETFs and index funds can benefit the older generation: Why index funds and ETFs are good for retirees
News and notes (U.S.)
There is strong optimism and demand for alternative investments: Investors remain optimistic about alternatives despite ongoing market volatility
Investors are moving money into hedge funds they are familiar with: Investors weed out their hedge fund managers
78% of hedge fund managers experienced positive performance in the first quarter: Over three-quarters of hedge funds saw positive returns in Q1
Why U.S. VC is poised for another big year in 2019: 15 charts that show US VC could break multiple records in 2019
A look at some of the bigger risks in the fixed income market: This time is different, credit shop argues
Many manufacturers await the SEC’s decision on the ActiveShares proposal from Precidian Investments: A flood of nontransparent active ETFs could be coming – soon
Mutual fund and ETF fees fell in 2018: U.S. fund fees at record lows
Mutual fund sales and performance over the past two weeks: Mutual funds scorecard: April 30 edition
News and notes (Canada)
75% of active Canadian equity managers underperformed the benchmark in 2018: Most Canadian equity fund managers underperformed the S&P/TSX Composite Index in 2018
Canadian VC financing benefited from U.S. investors: U.S. investors powered Canadian VC financing in Q1
A look at cash holdings by sector: Currency & Sector Liquidity Analysis Report: Q1 2019
Macquarie to close equity sales, trading and research businesses: Macquarie shuts down three business lines in Canada
Defined-benefit pension plans in Canada returned 7.2% in the first quarter: Canadian DB pension returns boosted by rallying equities in Q1 2019
On the pulse – New frontiers in fintech
How banks and fintech firms can create a great partnership: 4 myths preventing more fintech+banking partnerships
Traditional banks are looking to fintech for growth: Established companies leveraging fintech capabilities for growth
Here are the fintech firms that you need to know for 2019: These are the top 10 hottest fintech startups and companies in the world
Adopting the cloud can help banks go digital: Banking in the cloud
Thomson Reuters and IBM partner on new regtech initiative: IBM and Thomson Reuters team on AI and data-driven compliance offering
Creating explainable AI is needed to build enterprise and consumer trust: Explainable AI: the future of AI
Global Financial Innovation Network selects firms that will take part in its service: Global sandbox accepts first eight firms
Open data can have a positive impact on society: The beginnings of open data
BMO launches group to fund tech companies: BMO launches Technology & Innovation Group
High-net-worth topics
How the wealthy can teach their kids about money at every stage of life: Here’s how the super rich teach their kids about money
Movement across borders by millionaires up 14% in 2018: Millionaires flee homelands to Canada, Australia, U.S. as tensions rise, taxes bite
MML Investors Services to offer more investment options for high-net-worth clients: MML Investors Services adds new investment options for HNW clients
Polls & surveys – What financials are saying
Americans are behind in their retirement savings (Franklin Templeton): Franklin Templeton: Most Americans lag in saving for retirement
Clients want more service flexibility and pricing options (EY): Wealth management clients want flexibility and transparency, finds EY
Institutional investors interested in holding cryptocurrencies in their portfolios (Fidelity): Fidelity survey finds institutional investors are eyeing crypto
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – April 29, 2019
Fintech and the fourth industrial revolution. Could European equities benefit from a slowdown in U.S. share buybacks? How fintech can help the underserved. Actual fee disclosure missing in the Regulation Best Interest proposal. And much more in this week’s briefing.
Economic/industry news
The U.S. economy grew 3.2%, annualized, in the first quarter: U.S. economy grows 3.2% in the first quarter, well above estimates
The BoC held its benchmark overnight rate steady at 1.75%: Bank of Canada abandons rate-hike bias amid economic slowdown
Mark Carney to leave the BoE in 2020: Carney left his mark at the Bank of England, now it’s time to find his successor
Lack of inflows into equity markets partially the result of investors’ already high allocation to equities: Why stock-market investors aren’t suffering ‘FOMO’ despite return to all-time highs
Could European equities benefit from a slowdown in U.S. share buybacks?: End to $1 trillion buyback binge may help ‘uniquely hated’ asset
A look at some risks that could lead to a market correction: Roubini: 8 risks that could trigger the next correction
ESG investing does not mean lower returns: Does your client think socially responsible investing means poorer returns?
The number of ESG mandates continues to grow: Asset managers answer the growing call for ESG investments
News and notes (U.S.)
$13.69 billion was redeemed from hedge funds in March: Investors continue to pull money from hedge funds despite performance rebound, says eVestment
Asset and wealth management M&A activity had a strong start to 2019: M&A stays high as asset managers take ‘aggressive measures’ to survive
Average size of PE funds has grown this year: The average PE fund size is skyrocketing in 2019
Mary Meeker raises over $1 billion for her fund, Bond Capital: Mary Meeker raises $1.25B for Bond, her debut growth fund
Vanguard experienced net inflows of $62 billion in the first quarter: Vanguard tops Q1 flows: Morningstar
Potential new changes to Volcker Rule could benefit large banks: Wall Street nears a big win in the latest revamp of Volcker Rule
Actual fee disclosure missing in the Regulation Best Interest proposal: Should the SEC require advisors to make actual fee disclosures, as the EU does?
News and notes (Canada)
TD launches alternative funds for its private wealth management clients: TD Asset Management launches alternative investment funds for HNW clients
First Asset rebrands ETFs into CI First Asset: First Asset rebrands ETFs and announces risk rating changes
Canadians interested in responsible investing: RI continues to grow in Canada: Desjardins
The Ontario Teachers’ Pension Plan launches investment platform to help late-stage tech companies: Ontario Teachers’ launches venture capital investment platform
Responding to international events: What should Canadian investors do about the news?
On the pulse – New frontiers in fintech
How fintech can help the underserved: Fintech touching millions of lives by redefining financial services
Digital transformation must keep the needs of customers in mind: Digital banking transformation requires cultural reboot
Ignore the excuses and begin your digital transformation: There’s no excuse why your financial institution can’t embrace digital transformation
Fintech and the fourth industrial revolution: Why fintech should embrace the fourth industrial revolution
Horizontal security layers can minimize the risk of a cyberattack: How horizontal security layers offer your organisation the best protection
People are concerned about their privacy when working with voice assistants: 41% of voice assistant users have concerns about trust and privacy, report finds
The benefits of a robo-advisor: Key benefits of robo-advisors in fintech
The impact of digital assets on financial markets:
The Blockchain comeback: How institutions effectively use digital assets
TD to adopt Microsoft Azure for its data and AI initiatives: TD Bank opts for Microsoft Azure
Fidelity makes additions to its Wealthscape Integration Xchange: Fidelity expands its digital store for advisors
High-net-worth topics
Forbes Family Trust purchases Optima Fund Management: Forbes Family Trust, LGL buy $2 billion fund manager Optima
Polls & surveys – What financials are saying
Investors expressed positive sentiment towards the majority of asset classes (Horizons): Advisors and investors are bullish on 10 of 14 asset classes: survey
Americans don’t feel financially prepared for retirement (Fidelity): Americans are confident about their finances. Retirement? Not so much.
Social and governance issues just as important as environmental concerns (Allianz): Social issues prominent among U.S. ESG investors, survey says
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Tuesday morning briefing – April 23, 2019
Hedge funds can’t ignore the widespread adoption of ESG principles. Family offices becoming the preferred model for high-net-worth advisors. How organizations can optimize their use of data. And much more in this week’s briefing.
Economic/industry news
The inflation rate in Canada rose to 1.9% in March: Inflation rises 1.9% on higher fresh vegetable prices, mortgage costs
China’s economy expanded 6.4%, annualized, in the first quarter: China’s economy had a steady start to 2019
Business sentiment is falling: BoC survey finds negative level of Canadian business sentiment
Institutional investors believe that equities are reaching their peak: More than half of institutional investors think equities peaking
Plan Sponsors are using less-conservative default investment options: How default investment funds are becoming smarter
The shift from the AUM pricing model: 5 truths about the pricing revolution in wealth management
What you need to know about a fund’s performance history: How important is a fund’s performance history?
News and notes (U.S.)
The Eurekahedge Hedge Fund Index rose 1.06% in March: Eurekahedge Hedge Fund Index up 1.06 per cent in March
Hedge funds off to a strong start in 2019: Hedge funds had their best first quarter in 13 years to start 2019
Hedge funds can’t ignore the widespread adoption of ESG principles: Hedge funds ponder the ethics of shorting unethical companies
Secondary buyout deals growing: The median size of US secondary buyouts has nearly doubled since 2015
VCs showing interest in the “mystical services market”: Why are venture capitalists pouring billions into astrology?
Mutual fund sales and performance over the past two weeks: Mutual funds scorecard: April 16 edition
Will New Jersey institute a fiduciary rule for financial advisors?: New Jersey moves to impose fiduciary rule on brokers
Ensuring ETF names stay true to their objective and strategy: SEC cracks down on ETF names that could be misleading investors
News and notes (Canada)
BMO looking to expand its alternatives business globally: BMO’s Asset Management arm eyes alts expansion
Ninepoint purchases LOGiQ Global Partners: Ninepoint Partners acquires institutional advisory business
Agora Dealer Services launches wealth management platform for independent advisors: New digital platform for independent advisors
Advisors taking interest in the RI designation: RI designation gaining momentum among advisors
On the pulse – New frontiers in fintech
Canadians are concerned about privacy issues in open banking: Accenture survey reveals consumer hesitancy toward open banking
There’s plenty of opportunity for traditional banks to take advantage of the weaknesses in direct banks: Direct banks may be good, but they’re not unbeatable
A look at the benefits of contactless payments: The benefits of a cashless society
The European Commission provides ethical guidelines on testing new AI systems: European AI guidelines give hesitant developers green light
A look at a few developments in the AI space: 5 artificial intelligence developments to watch
How insurtech is catering to the younger generation: How insurtechs are shaking up a trillion dollar industry
Challenger banks must be able to respond to customer problems: Leaving customers digitally high and dry … big mistake
How organizations can optimize their use of data: The three considerations of data: standardize data, data strategy and data culture
Mastercard purchases POS financing company: Mastercard moves into POS financing with Vyze acquisition
Fintech firm merges with Difference Capital: Digital disruptor Mogo announces merger for accelerated growth
High-net-worth topics
Family offices becoming the preferred model for high-net-worth advisors: For high-net-worth clients, it’s not about the brand name, it’s about the experience
The impact of holding digital assets in trust: Digital assets in Bermuda
Advisors must get to know, and understand, the children of high-net-worth clients: What you need to know about the children of your wealthy clients
Polls & surveys – What financials are saying
Customer satisfaction with investment firms declined in 2018 (J.D. Power): Canadians’ satisfaction with investment firms drops
58% of millennials in the U.S. are saving for retirement (LendEDU): Most millennials are saving for retirement, prefer human advice: study
Many Americans don’t know about social investing (Newton): New survey finds most Americans unaware of ESG investing
Only 10% of Canadians are very comfortable with self-directed investing (TD): TD survey finds Canadians aren’t comfortable with self-directed investing
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – April 15, 2019
Fintech is here and changing the way financial services firms do business. Customers want to purchase banking products and services digitally. Financial success may be harder for the next generation. The number of VC deals was down in the first quarter of 2019. And much more in this week’s briefing.
Economic/industry news
U.S. inflation rate rose to 1.9% in March: U.S. inflation vaults at highest rate in 14 mos.
The ECB held its benchmark refinancing rate steady at 0.00%: European Central Bank holds interest rates amid gloomy economic outlook
The IMF downgrades its projection of global economic growth for 2019: The global economy: A delicate moment
Why global warming should be important to investors: Curbing global warming essential to investors and planet: report
How active managers can capitalize on market inefficiencies: Does your active manager have an edge?
Oil prices have moved higher in 2019: Oil rises above US$70 on Libya turmoil
Global ETP industry reached assets of US$5.4 trillion in March: Exchange-traded products industry hits new global record of US$5.4 trillion
News and notes (U.S.)
A look at the hedge fund industry in March: State of the industry – March, 2019
Hedge funds returned 5.40% in the first quarter of 2019: Hedge fund returns YTD best since 2012, says eVestment
Institutional investors are looking to hedge funds to diversify risks: Investors keep patience with hedge funds, but seek better deals on fees
Focus on alternative investments could be beneficial for cryptocurrencies: Bitcoin, BlackRock and the rise of alternatives
Setting guidelines for general partner-led secondary fund restructurings: Your private equity fund wants to restructure. Here’s how to deal.
Number of VC deals down in the first quarter of 2019: Massive drop in VC deal count in Q1 2019
Transit and freight drew a lot of interest from VCs in the first quarter: 1Q in review: VCs are fixated on the future of moving people and things
Principal acquires Wells Fargo’s retirement unit: Wells Fargo agrees to sell retirement unit for $1.2 billion
News and notes (Canada)
Scotiabank launches the Scotiabank Alternative Mutual Fund Index: Liquid alts index launched by Scotiabank
Ninepoint launches private debt fund: Ninepoint casts its eye on US private-debt markets
A look at the best performing mutual funds over the first quarter: Top performing mutual funds of Q1
Foresters to focus on insurance: Foresters sells money manager, keeps life business
Equity issuance fell in the first quarter of 2019: Canadian equity underwriting dropped in Q1, debt ticked up
Ontario looks to make changes to financial advisor titles: Ontario to restrict use of planner and advisor titles
On the pulse – New frontiers in fintech
Fintech is here and changing the way financial services firms do business: How fintech is revolutionizing financial services
Customers want to purchase banking products and services digitally: Banks not meeting digital sales expectations
The battle between globalization and localization in fintech: Time for a global fintech platform?
Adoption of machine learning high among financial services firms, but challenges remain: Use of machine learning now pervasive across financial services industry
A look at real-time payments in the U.S. and projections for its growth: US real-time payments are headed to ubiquity. Are banks ready?
How data sharing can help your organization: How to capitalise on the power of modern data sharing
ETFs have revolutionized investing, but certain challenges and risks remain: How ETFs are the technology that is revolutionizing investing
Banks are showing an interest in Central Bank Digital Currencies: At a glance – Central Bank Digital Currency
Coinbase offers debit card using cryptocurrencies: Coinbase launches debit card in the UK
High-net-worth topics
New partnership looks to increase private equity liquidity for the high-net-worth: iCapital partners with Nasdaq to create marketplace for private funds
Shaping the next generation of high-net-worth advisors: Who will be the HNW advisors of the future?
The high-net-worth market in the U.S. is growing rapidly: US high net worth market expanding at record pace: Cerulli
Polls & surveys – What financials are saying
Financial success may be harder for the next generation (Ameriprise): Most parents expect to chip in for kids’ college, weddings: Ameriprise
Private company owners do not have a plan in place to transfer their business (PwC): Almost half of business owners fail to plan for succession: survey
Social media is helping advisors grow their business (Putnam): Almost all advisors are using social media: Survey
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – April 8, 2019
A look at why fintech firms’ valuations are surging in Latin America. New hedge funds are raising minimum investment amounts. A look at how liquid alts can add value to an investor’s portfolio. How to establish digital trust. And much more in this week’s briefing.
Economic/industry news
The U.S. unemployment rate was 3.8% in March: Job market bounces back in March with 196,000 gain in payrolls
The Canadian unemployment rate was steady at 5.8% in March: Canada’s job run stalls in March with first drop in seven months
Financial institutions need to be prepared for a possible no-deal Brexit: Financial firms should prep for “no deal” Brexit: report
Europe holds the largest amount of sustainable investing assets: Global sustainable investment assets grew by a third in 2 years: report
Preparing investors’ portfolios for a slowing global economy, possible recession: Why investors shouldn’t panic over the yield curve inversion
Regulation is required to protect retail investors: Behavioural economics are useful, but regulation is essential: report
News and notes (U.S.)
New hedge funds are raising minimum investment amounts: New hedge fund study shows funds placing premium on strong start
Institutional investors may increase allocation to private capital: Stock market fears push investors toward alternative assets
Blackstone closing in on largest PE fund ever: Blackstone surpasses $22B mark for what could be biggest PE fund ever
BlackRock undergoes massive organizational changes: BlackRock starts big reorg of leadership, units
A review of M&A activity in 2018: 10 charts detailing the state of M&A in 2018
Year-to-date, 73 funds added ESG criteria to their investment strategy: More funds are formally considering ESG in their investment process
Fixed income ETFs continue to attract investor money: Fixed income ETFs received over $34B in flows during Q1
Mutual fund sales and performance figures over the past two weeks: Mutual funds scorecard: April 2 edition
SEC extends deadline for two bitcoin ETF applications: SEC delays decision on 2 bitcoin ETF filings
News and notes (Canada)
A look at how liquid alts can add value to an investor’s portfolio: Investing in liquid alts
Dynamic launches another liquid alt: Dynamic Funds expands its liquid alt offerings
Russell Investments launches liquid alternative fund: Russell Investments launches new Yield Opportunities Pool
Robust equity markets this year have helped defined benefit plans: Canadian pension plans in strong solvency position in Q1 off surging equity markets
Fiera Capital purchases majority stake in Palmer Capital: Fiera acquires 80% stake in Palmer Capital
Canadian ETFs had net inflows in March, led by fixed income: Net inflows for Canadian ETFs hit $1.9 billion in March
On the pulse – New frontiers in fintech
Banks must remain flexible to adapt to the changing technological landscape: Bank strategy in the world of fintech
The time is now for digitalization: Banks’ digital experiments need to produce results
A look at how banks and fintech firms can work together: Banks and fintech: Why the future looks brighter together
Why machine learning can help in the stock selection process: Machine learning can help with stock selection: study
A look at why fintech firms’ valuations are surging in Latin America: Why fintech startups are rapidly becoming unicorns in Latin America
How to establish “digital trust”: How to empower secure collaboration, communication and sharing in financial services
Interest in cryptocurrencies on the rise in private banks: How private banks are demonstrating interest in digital currencies
Bitcoin’s price spikes: Bitcoin surges as cryptocurrency market suddenly springs to life
High-net-worth topics
Careful estate planning an absolute must for high-net-worth families: U.S. billionaires are living longer, making heirs wait
High-net-worth investors show preference for independent advisors: HNW clients favour independents
Polls & surveys – What financials are saying
Most retirement plan participants aren’t saving enough for retirement (Natixis): What retirement plan participants want, need
Canadians need to focus on better tax planning throughout the year (CIBC): CIBC poll finds 63% of Canadians view tax refunds as an unexpected ‘windfall’
Advisors should strive to create a great client experience (Cerulli): How focusing on client experience helps advisors get ahead
Teens not confident about their financial futures (Junior Achievement USA and Citizens Bank): When it comes to finance, the kids are not all right: survey
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – April 1, 2019
Blockchain is a foundational technology that will take decades to foster. The wealth management industry must take note of how women entrepreneurs are managing their portfolios. Banks must partner with tech firms to avoid losing business to challenger banks. Are there enough private investment opportunities to meet demand? And much more in this week’s briefing.
Economic/industry news
U.S. economic growth was revised down to 2.2%, annualized, in the fourth quarter: U.S. economy revises down Q4 growth rate to 2.2%
What does the inverted U.S. yield curve mean for the economy?: The yield curve just inverted, putting the chance of a recession at 30%
The BoC could be forced to hold interest rates steady as Canada’s yield curve inverted: Canada’s inverted yield curve signals holding pattern for Poloz
FTSE Russell to launch an indicative digital assets index: FTSE Russell to establish indicative digital assets index
Passive to overtake active in the next couple of years, according to Moody’s: Moody’s declares passive investments will surpass active in 2021
Dispelling some ESG investing myths: Ignore the myths: Factor and ESG investing work together
News and notes (U.S.)
Three quarters of hedge fund managers had a positive month in February: Hedge funds continue recovery in February
BlackRock purchases eFront: BlackRock’s Aladdin adds alts power
Are there enough private investment opportunities to meet demand?: Not enough private equity to go around
Charles Schwab introduces flat-fee subscription pricing plan for its premium digital advisory services: Why Schwab’s new pricing plan is a big deal
Regulation Best Interest still a top priority for the SEC: Clayton declines to share timetable for best interest rule
A look at retirement from J.P. Morgan: The 4% retirement rule is back: J.P. Morgan
Public employees likely to stay in retirement plans if they were automatically enrolled: Public fund employees are big fans of auto enrollment – survey
Customized target-date funds’ assets on the rise: Custom target-date funds growing in U.S.: survey
Mutual fund assets were $14.8 trillion at the end of February: Mutual fund assets start year with a growth spurt: Cerulli
News and notes (Canada)
Scotiabank launches the Scotiabank Healthcare+ Physician Banking Program: Scotiabank caters to physicians with new suite of banking services
How the federal budget could impact investors: Federal budget impacts investors, employees, retirees
A look at the OSC’s policy priorities for the next year: OSC will continue to focus on DSCs, client-focused reforms
Onex announces purchase of Gluskin Sheff + Associates: Gluskin Sheff surges on Onex takeover deal
Now that all of the major banks offer ETFs, will it change the investment fund industry?: ETFs: all the banks are in
On the pulse – New frontiers in fintech
Banks must partner with tech firms to avoid losing business to challenger banks: Citi urges incumbents to grow their own challenger brands as new entrants shrink the market
Big data can help all facets of the asset management business: Big data helps asset management industry across value chain
Blockchain is a foundational technology that will take decades to foster: Blockchain is dead
Eliminating paper cheques for businesses: Mineral Tree offers businesses an alternative to paper checks
U.K. financial services firms not prepared for the AI revolution: The financial services industry is not ready for the AI revolution, new study finds
The Federal Reserve Bank of New York establishes advisory group to review and provide guidance on fintech: New York Fed launches fintech advisory group
The Information Commissioner’s Office in the U.K. looking to provide environment to support innovation: ICO opens sandbox beta phase to enhance data protection and support innovation
A look at the new Apple Card: How Apple Card works
Innisfil, Ontario to begin accepting bitcoin as payment for property taxes: Ontario town to accept bitcoin for tax payments, in one-year pilot project
High-net-worth topics
The wealth management industry must take note of how women entrepreneurs are managing their portfolios: How women entrepreneurs are redefining wealth management:
High-net-worth clients are demanding private investments, here is how to help them: Russ Prince: Here’s how to help your wealthy clients invest in PE
Polls & surveys – What financials are saying
More than half of gig workers are saving for retirement (T. Rowe Price): Gig workers report being more involved in their finances
Signals point to a weak Canadian economy in the first half of 2019 (Russell Investments): Modest weakness for Canada in Q2: Russell Investments
Canadians approaching retirement saw their wealth increase, largely due to real estate (C.D. Howe): Housing market boosted wealth of Canadians approaching retirement
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – March, 25, 2019
Understanding the differences between sustainable investing approaches. Companies benefit from API adoption. The financial advice industry needs regulators to act quickly on adopting digital technology. Three key steps to transform a bank. And much more in this week’s briefing.
Economic/industry news
The U.S. Federal Reserve Board (“Fed”) held interest rates steady: Fed holds line on rates, says no more hikes ahead this year
Will the pause by the Fed lead to a more vulnerable economy?: Guggenheim’s Minerd says Fed making economy more vulnerable
Canada’s inflation rate rose to 1.5% in February: Inflation edges up, but underlying pressures soften
The BoE maintained its Bank Rate at 0.75%: Bank of England holds interest rates as Brexit extension remains uncertain
Is a trade deal with China still close?: Some U.S. officials said to see China walking back trade pledges
Understanding the differences between sustainable investing approaches: Three approaches to sustainable investing
Low return environment could have institutional investors substantially changing their portfolios: Institutional investors changing portfolios to deal with uncertain markets: survey
News and notes (U.S.)
The Barclay Hedge Fund Index gained 1.24% in February: Hedge funds extend winning streak to a second month, says BarclayHedge
Net flows into hedge funds were weak in February: Hedge funds see lowest February net flows since 2009, despite positive month
MFA head to step down from position at the end of 2019: Head of top hedge fund association to step down
What does the future hold for private equity (“PE”) and the retail industry?: What remains for private equity and retail?
Assets in private debt expected to double in the next five years: Shadow banking tops lending activity in private equity
An in-depth look at the performance of four large PE firms in 2018: A visual representation of 2018 performance from four PE giants
BlackRock cut the fee on its S&P 500 Index Fund for its largest clients: BlackRock charging its lowest fee ever for an index mutual fund
2018 was a tough year for U.S. equity funds: 69% of U.S. equity funds underperformed in 2018
Mutual fund sales and performance over the past two weeks: Mutual funds scorecard: March 19 edition
News and notes (Canada)
RBC launches ESG ETFs: RBC iShares launches six ESG-focused ETFs
Proposed tax changes could affect investment funds: Proposed federal tax changes prompt fund assessments
3iQ to get hearing on Bitcoin fund application: OSC hearing on bitcoin fund set for April
Canaccord Genuity to acquire wealth management business in London: Canaccord Genuity set to acquire Thomas Miller Wealth Management
A look at some of the key items from the 2019 Federal Budget: Highlights from the 2019 federal budget tabled Tuesday
On the pulse – New frontiers in fintech
Will technological advancements change the way that we categorize stocks?: Forget growth vs. value, think digital vs. decline
An in-depth look at contextual banking: Exceptional customer experiences depend on more than data alone
Open banking and real-time payments could help banks grow: Convergence of real-time payments and open banking helps banks to grow revenue and attract customers
Three key steps to transform a bank: Transforming the bank: Three phases of change
Employing business intelligence software helps firms grow revenue: New research finds business intelligence tech leads to 24% higher revenue
The financial advice industry needs regulators to act quickly on adopting digital technology: Regulators must embrace digital innovation: C.D. Howe
Companies benefit from API adoption: How APIs can transform your company
Amazon Pay will now be available through Worldpay’s API: Worldpay becomes first acquirer to enable Amazon Pay
High-net-worth topics
The high-net-worth are looking for a high level of investment expertise in a wealth manager: Wealthy investors need skilled and savvy advisors
Here are some common wealth transfer concerns of the wealthy: Wealth transfer: the most common question families ask
Helping the high-net-worth with their spending: Inside Merrill’s new framework for wealthy families
Polls & surveys – What financials are saying
Fitch lowered its 2019 global growth forecast to 2.8% (Fitch): Global growth looks weaker, Fitch says
Allocation to equities falling (Merrill Lynch): Jumpy investors continue to flee stocks: Merrill
Canadians willing to share personal information with financial services firms for lower prices (Accenture): Nearly half of Canadian consumers willing to share significant personal data with banks and insurers in exchange for lower pricing, Accenture Study Finds
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – March 18, 2019
Wealth management falling behind in creating a great mobile app experience for clients. Price growth in luxury real estate slowed in 2018. Global banking regulators offer guidance on exposure to cryptoassets. And much more in this week’s briefing.
Economic/industry news
International Economic Data Snapshot – includes aggregated data of the worldwide economy: Snapshot: International economic data
The U.S. inflation rate was 1.5% in February: US consumer prices rise for the first time in 4 months
The Bank of Japan held its key short-term interest rate at -0.10%: BOJ keeps policy steady, cuts view on exports and output
Where’s the inflation?: Low inflation is Federal Reserve’s maddening unsolved mystery
London may remain an important financial center, even after Brexit: What does the #brexit vote mean for banking and fintech?
Strategic beta ETPs ended 2018 with $797 billion in assets: Strategic beta ETP market still expanding
Climate change also a risk to life insurers: Why life insurers are investing with ESG in mind
News and notes (U.S.)
A look at the hedge fund industry in February: State of the industry – February, 2019
The Eurekahedge Hedge Fund Index rose 0.86% in February: Hedge funds up 0.86 per cent in a calm month, says Eurekahedge
Unicorns going public: The unicorns are coming (to Wall Street)
Mutual funds participating in shareholder activism: Mutual funds start to put their mouth where their money is
Salt Financial to offer ETF that pays investor: Forget no fees. ETF breaks ground by offering to pay investors
JP Morgan to launch ETF with 0.02% expense ratio: JPMorgan planning cheapest-ever stock ETF
Charles River Development partners with Axioma to enhance its portfolio management platform: State Street ramps up competition with BlackRock’s Aladdin
News and notes (Canada)
Franklin Templeton launches liquid alternative fund: Franklin Templeton introduces alt mutual fund
Canadian annuity sales hit the highest level ever in 2018: Annuity sales hit record highs in 2018, led by buyouts: report
Wealthsimple launches Wealthsimple Trade: Wealthsimple launches zero-commission trading app
CIFSC announces new alternative-focused categories: IFSC category definitions for alternative funds
Brookfield to acquire stake in Oaktree Capital: Brookfield reaches agreement to acquire 62% of Oaktree Capital
On the pulse – New frontiers in fintech
Fintechs have an opening to help small- and medium-sized businesses: SMEs “historically ignored” by banks
The rising importance of a digital scientist: Standardising the data scientist
Looking at the impact from data control on banks and customers: Data control changes are in the air: What does it mean for banks and consumers?
BNP Paribas launches AI assistant to help customers manage their budget: BNP Paribas Luxembourg brings a touch of Genius to mobile banking app
Fintechs need to be held to the same consumer protection standards as banks: Why are fintechs getting a regulatory pass?
Wealth management falling behind in creating a great mobile app experience for clients: J.D. Power: Wealthy clients not happy with mobile apps
Global banking regulators offer guidance on exposure to cryptoassets: Regulators set guidance for banks’ cryptoasset exposures
High-net-worth topics
Why family meetings should be considered a must for high-net-worth families: The importance of family meetings
The high-net-worth are showing an interest in gold: Fresh optimism on gold, thanks to ‘triple bubble in stocks, bonds and real estate’
Price growth in luxury real estate slowed in 2018: Wealthy investors see end to stellar returns from luxury homes
Polls & surveys – What financials are saying
Over 20% of working Americans aren’t saving money (Bankrate): Why aren’t Americans saving? They just haven’t gotten around to it, survey says
Canadians struggling with debt (FPSC and Credit Canada): One in 5 Canadians will need to liquidate an asset to pay for debt: survey
Advisors should use the same set of questions for prospective clients (Morningstar): Advisors can reduce gender bias: study
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – March 11, 2019
What client on-boarding will look like in the future. The global banking sector has the most exposure to cyber risks. Private equity mandates in emerging markets raised US$90 billion in 2018. And much more in this week’s briefing. Enjoy!
Economic/industry news
International Economic Data Snapshot – includes aggregated data of the worldwide economy: Snapshot: International economic data
The U.S. unemployment rate fell to 3.8% in February: Job creation grinds to a near-halt in February; wages still on the rise
The Canadian unemployment rate was 5.8% in February: Canada’s economy gains 55,900 jobs, beating expectations
The BoC held its central interest rate steady at 1.75%: Bank of Canada waters down rate conviction amid growth slowdown
The ECB held its central interest rate steady: ECB pushes back rate hike, announces new stimulus to revive growth
Tariffs are imposing great costs on American businesses and consumers: Evidence grows that Trump’s trade wars are hitting U.S. economy
The S&P 500 Index bottomed on March 9, 2009. Where does the market stand now?: 10 years after the market hit bottom, where are we now?
Different strategies for ethical investing: How to invest ethically
It’s time to look at the opportunities, not just the risks, from energy transition: Lessons in measuring carbon risk and opportunities in public equities
What Millennials are looking for in a financial advisory firm: Successful millennials want real advice
Why alternative investments should be included in all portfolios: Why alternative investments have a place in your portfolio
The world’s best banks: The world’s best banks: ING and Citibank lead the way
News and notes (U.S.)
JP Morgan’s “2019 Guide to Alternatives”: J.P. Morgan releases 2019 Guide to Alternatives
The market cycle of PE buyouts is quick: Downturn opportunities don’t last long in the world of PE buyouts
Hiring increasing at private capital firms: Private capital firms are beefing up their fundraising teams
How PE can benefit from the qualified opportunity fund: Private equity and the opportunity zone gold rush: Who will seize the opportunity?
PE mandates in emerging markets raised $90 billion in 2018: Private capital fundraising in emerging markets hits record levels in 2018
Interest in PE continues: Blackstone nears $20 billion for flagship buyout fund
Goldman Sachs launches ETFs tracking indices created by Motif: Goldman Sachs and Motif launch 5 ETFs focused on innovation
U.S. individual investors’ allocation to equities increased in February:Asset allocation survey: Equities rebound in February
Mutual fund sales and performance over the past two weeks: Mutual funds scorecard: March 5 edition
A look at target-date funds’ performance over the past 10 years: Target-date funds: The grades are in
Vanguard announces its upcoming launch of the Global ESG Select Stock Fund: Vanguard plans its first actively managed ESG mutual fund
Apex bolsters its U.S. expansion: Apex acquires Atlantic Fund Services
Coin will allow investors to invest in one or multiple causes: John Hancock startup opens impact investing to the masses
News and notes (Canada)
IA Clarington launches liquid alternative fund: IA Clarington launches liquid alt, international equity funds
Desjardins launches two ETFs with responsible investing mandates: Desjardins launches two RI ETFs
Canadian ETFs experienced $1.3 billion in net inflows in February: In Canada, 23 ETFs launched in February
Empire Life launches tool to help plan participants track their retirement goals: Empire Life launching retirement and savings tool
IFIC and BEworks provide suggestions on how to improve client statements:How to improve CRM2 statements
Could we see a slowdown in Canadian dividend growth in 2019?: Canadian dividend growth will slow this year
On the pulse – New frontiers in fintech
The global banking sector has the most exposure to cyber risks: Banking is most exposed sector to cyber risks: Moody’s
Regulatory sandboxes are great for innovation, but there are some limitations: Sandboxes offer key to fintech innovation
Financial services firms have steps to take towards their digital transformation: Financial-services firms falling behind in tech transformation
Customer data vital to the success of digital transformation: Power of customer insights will separate digital banking winners & losers
The adoption of open banking has been limited: Open banking – build it and they will come?
How fintech is helping people meet their financial goals: The effect of fintech on wealth management
Ant Financial launches tool to help financial services firms with their digital challenges: Ant Financial launches core banking product
What client on-boarding will look like in the future: The future of client onboarding for financial institutions
Start with tech, then the financial side: Are banks customer focused?
Tech firms engaged in blockchain development projects: Big tech’s blockchain projects haven’t disrupted banks – yet
One-third of Canadians used a robo-advisor to open or fund an RRSP: Robo advisor RRSP stats a ‘wake-up call’ to firms
High-net-worth topics
The high-net-worth should increase their exposure to private placements: Cambridge Associates: HNW investors should have 40 percent in private placements
Here is where the ultra-high-net-worth live: The top 10 cities where the mega rich live
Stock market volatility hurt U.S. household wealth in the fourth quarter: U.S. household wealth slumped in fourth quarter amid stocks rout
Polls & surveys – What financials are saying
Canadian businesses may be missing an opportunity to increase revenue through global trade (RBC): Despite opportunity, Canadian businesses see barriers to global trade: RBC poll
More than half of Millennials use or are willing to try using a robo-advisor (Angus Reid): Millennials more likely to try robo-advice, says Angus Reid
Financial assets held by women expected to rise (CIBC): Canadian women to control nearly $4 trillion by 2028
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – March 4, 2019
An in-depth look at how Amazon is entering the financial services industry. Eleven fintech firms to keep an eye on. How to attract high-net-worth investors. The four key pillars to help protect your company against cyberattacks. And much more in this week’s briefing.
Economic/industry news
International Economic Data Snapshot – includes aggregated data of the worldwide economy: Snapshot: International economic data
U.S. GDP grew 2.6%, annualized, in the fourth quarter: Fourth-quarter GDP increases 2.6%, better than expected
Canadian GDP growth slowed to 0.4%, annualized, in the fourth quarter: Canadian economic growth slowed in the fourth quarter
Canada’s inflation rate fell to 1.4% in January: Canada’s inflation rate falls to 15-month lows on lower gas prices
Global ESG ETFs experienced $730 million of inflows during January: Global inflows into ESG ETFs steady in January
The Financial Conduct Authority found fee disclosures lacking: U.K. Regulator zeroes in on asset managers’ fee disclosures
Bondholders could benefit as companies fear a downgrade: No BBB bust as $140 billion bet on fallen angels is ‘overpriced’
What retirement will look like in the future: 5 trends that could reshape retirement
The challenges of an index becoming more concentrated: S&P 500? More like the S&P 50
A look at four major real estate markets: What’s driving demand in global real estate
News and notes (U.S.)
The Eurekahedge Hedge Fund Index rose 2.35% in January: Hedge funds record best January since 2006
Hedge funds more concentrated in managers’ best ideas: Never before has the fate of hedge funds turned on so few stocks
Hedge fund assets rose despite redemptions: Hedge fund assets up in January as performance offsets investor redemptions
It could be another strong year for PE fundraising: Here’s why 2019 could be another fundraising boom year for US PE
Cost-cutting alone cannot help companies grow: The lesson of The Kraft Heinz nosedive: Radical cost-cutting is out, brands are back
A comprehensive look at women in VC: The VC female founders dashboard
Fidelity has expanded its multi-factor ETF lineup: Fidelity debuts three multifactor ETFs
Another vote on Brexit could be helpful: Carlyle’s David Rubenstein wants second Brexit vote as UK PE deals dwindle
Mutual fund assets rose 5.3% in January: Mutual funds add $947 billion in assets in January
News and notes (Canada)
Mackenzie launched three more liquid alt funds: Mackenzie introduces liquid alt funds
Franklin Templeton launched three ETF portfolios: Franklin Templeton enters ETF portfolio fray
The BoC proposed reforms to the Canadian Dollar Overnight Repo Rate Average: Bank of Canada unveils benchmark reform proposals
The OSC declined a Bitcoin fund application from 3iQ: Regulators refuse proposed Bitcoin fund amid investor protection concerns
Canadian mutual fund assets grew in January, despite net redemptions: Mutual funds saw $53 million in net redemptions for January
Tips to successfully invest in your RRSP: 6 rules for successful RRSP investing
On the pulse – New frontiers in fintech
Automating testing can have a big impact on the success of a digital transformation: Driving a successful digital transformation strategy
Canadian’s usage of alternative payment tools has increased 14% since 2016: Canadians are increasingly choosing alternative payment tools
The growth of payment alternatives will bring new and complex regulatory requirements: Harnessing regtech to build payments reputation
An in-depth look at how Amazon is entering the financial services industry: Everything you need to know about what Amazon is doing in financial services
Financial services companies are expanding their use of AI: The world’s biggest banks are doubling down on artificial intelligence
Cybersecurity spending expected to grow: Cybersecurity spending to reach $223.7 billion by 2024, says Rethink
The four key pillars to help protect your company against cyberattacks: Four steps in cyber risk management
UOB integrating AI to speed up loan process: UOB applies AI to transactional data to speed up loan approvals for SMEs
11 fintech firms to keep an eye on: Fintech focus – 11 to watch now
Retail shopping through virtual reality and blockchain: The convergence of blockchain and online VR retailing
High-net-worth topics
The high-net-worth demand personalization: Themes from the 2019 U.S. Millionaire Report: Personalization
How to attract high-net-worth investors: You don’t need a Super Bowl ad to attract high-net-worth clients
Polls & surveys – What financials are saying
Global corporate debt reached $13 trillion at the end of 2018 (OECD): Why corporate debt is a risk to the global economy
The majority of economists expect a recession in the U.S. by the end of 2021 (National Association for Business Economics): 75% of business economists expect a US recession by 2021: survey
Women don’t believe they will be able to afford their desired lifestyle in retirement (RBC): A third of Canadian women not confident about maintaining lifestyle in retirement: survey
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Canadian regulatory trends – 2019 and beyond
Ongoing regulatory changes in the financials sector don’t tend to get much press, but they do have a significant and widespread impact on our industry. Read on to learn how you might be impacted by the actions of our country’s many regulators over the coming months and years.
Deferred sales charges fade into obscurity
The elimination of deferred sales charges (“DSC”) has been a popular topic in the Canadian financial services industry over the past couple of years. While the Government of Ontario voted against eliminating DSCs, many firms have already eliminated DSC options in their fund lineups. We expect the firm-led end of DSC to continue in 2019 and beyond.
The rise of liquid alts
Liquid alternatives (“liquid alts”) have been on regulators’ agendas for years. After multiple reviews and comment periods, liquid alts are today considered an asset class of mutual funds and ETFs.
Similar to what occurred in the U.S. and Europe when liquid alts were introduced into those markets, liquid alts will be a game changer for the Canadian hedge fund, mutual fund and ETF industries. Many firms launched liquid alt funds ahead of the official release date and we expect many more liquid alts to be launched in 2019.
The CSA Regulatory Sandbox makes waves
The Canadian Securities Administrators (“CSA”) is dedicated to fostering innovation and advice in financial services technologies. To meet this priority, the CSA has launched the CSA Regulatory Sandbox.
Whether they are a start-up or they are already a large corporation, firms can now get exemptive relief from securities laws if they are taking steps to innovate and enhance Canadian payment systems, creating innovations in open banking, and/or making Canada competitive in the field of financial services disruption.
While 2019 may not be the busiest year for our regulators, their efforts to shape the Canadian financial services industry will definitely continue for many years to come.
Contact us today at 1.844.243.1830 or info@ext-marketing.com to find out how regulatory changes will have a direct impact on your marketing efforts this year.
Monday morning briefing – February 25, 2019
Asset allocators are looking for ways to access private equity. Is Apple entering the credit card market? The number of Canada-based targets from activist investors grew in 2018. And much more in this week’s briefing.
Economic/industry news
International Economic Data Snapshot – includes aggregated data of the worldwide economy: Snapshot: International economic data
European inflation down to 1.4% in January: Top News: Eurozone consumer inflation slows to 1.4% in January
The U.S. Federal Reserve Board released its policy meeting minutes: Fed releases minutes from Jan. 29-30 policy meeting
Housing and investment risks could put the BoC on hold, for now: Bank of Canada’s Poloz says rate hike path ‘highly uncertain’
Private equity’s interest in ESG is growing: ESG a growing priority for private equity finds PwC survey
Global dividends rose 9.3% in 2018: Global dividends surged to new record in 2018: Janus Henderson
Could a lack of transparency in index creation harm investors?: What’s really in your index fund?
Exchange-traded products continued to experience robust growth: Size of exchange-traded products industry tops US$5 trillion: report
The U.K. government is looking to add more illiquid investments to defined-contribution plans: U.K. consults on incorporating illiquid assets in DC investments
The greatest benefit from ETFs is how you use them: Are ETFs about to rule the world?
News and notes (U.S.)
The Barclay Hedge Fund Index rose 3.88% in January: Hedge funds make solid start to 2019
Institutional investors plan to hold or increase their exposure to hedge funds this year: After hedge funds’ mediocre year, investors still want more
Redemptions from hedge funds were $42.3 billion in December: Hedge fund redemptions hit five-year high of USD42.3bn in December
Corporate VCs invested $52.95 billion into start-ups in 2018: The rise of corporate VC
Newer private equity funds are attracting much more capital than their predecessors: More than 90% of PE funds are outpacing their predecessors
Asset allocators are looking for ways to access private equity: McKinsey: Private equity growth drives creative fund structures
Inflows into active U.S. equity funds outpaced passively-managed funds: Active beat passive in asset flows in January: Morningstar
Mutual fund sales and performance over the past two weeks: Mutual funds scorecard: February 19 edition
Future mergers could have greater government scrutiny: What the T-Mobile, Sprint hearing means for the future of M&A in the US
The SEC issued a proposal to allow IPOs to gauge market interest before filing: SEC proposes easing IPO rules
News and notes (Canada)
CC&L launched three liquid alternative funds: CC&L Funds introduces 3 liquid alts
Provisus Wealth Management launched nine actively managed PTFs: Provisus: We’re putting our money where our mouth is
Impact investments have grown in Canada: Impact investing gains traction in Canada
The number of Canada-based targets from activist investors grew in 2018: ‘You need to watch out’: Activist investing stronger than ever in Canada, M&A lawyer says
International sub-advisors don’t improve performance: International subadvisors don’t have a performance edge
Volatility was good for some active managers in 2018: Stock-pickers need some volatility
On the pulse – New frontiers in fintech
How to take a step forward in digital banking in 2019: Digital banking strategies and investments for 2019
How private banking can benefit from digitalization: Why digitalization is the way forward for private banking and wealth management
Companies are looking toward a product-based structure to help in their digital transformation: Gartner: organisations shifting to product-centric application delivery model for digital transformation
Customers need to be shown how open banking will help them: Consumers don’t know what open banking is – and that’s OK!
Is Apple entering the credit card market?: Apple could be working with Goldman Sachs on a credit card
There is a big difference between technology and handling a customer’s money: Are you in banking or technology?
A look at what the future may hold for wealthtech: The future of wealthtech
A look back at the technological advancements in the financial services industry, and a look ahead to where the industry is going: The growth of fintech: From the first wire transfer to blockchain technology & beyond
National Bank will use AI software to help with cybersecurity: Element AI, National Bank partner on cybersecurity
Helping institutional investors with digital asset trading: Bank Frick targets institutional investors with digital asset trading
High-net-worth topics
The Mather Group has acquired family office, Astraeus Advisers: Chicago’s Mather Group buys $1 billion family office
High-net-worth clients should be looking at different types of alternative investments: Too few investors are looking beyond stocks and bonds, wealth advisor says
Manulife bolstering its services for the high-net-worth: Manulife targets Canada’s rich in industry a decade behind U.S.
Polls & surveys – What financials are saying
Important investment themes you need to know for 2019 (Raymond James): 10 hot investment themes for 2019: Raymond James
Advisor-directed clients are receptive to a fee-based structure (Cerulli Associates): Advisor-reliant clients prefer fee-based accounts: survey
Many Canadians don’t understand the difference between an RRSP and a TFSA (BMO): Better advice needed on the difference between TFSAs and RRSPs
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – February 19, 2019
Hedge funds can shine amid volatility. The first U.S. bank-backed cryptocurrency may transform payments. Advancing wealthtech through the “American AI Initiative.” Private equity predictions for 2019. And much more in this week’s briefing.
Economic/industry news
International Economic Data Snapshot – includes aggregated data of the worldwide economy: Snapshot: International economic data
U.S. inflation rate fell to 1.6% in January: Cheaper gasoline restrains US consumer prices
The Japanese economy expanded 1.4%, annualized, in the fourth quarter: Japan Q4 GDP rebounds but trade frictions remain a concern
U.K. GDP growth slowed in the fourth quarter: Car industry malaise drags down UK GDP growth to 0.3%
ESG funds recorded another strong year in 2018 with $5.5 billion of net flows: ESG funds outperform in growth and returns in 2018: Morningstar
Looking for more ESG disclosures: Institutional investors seeking greater ESG disclosure
ESG investing can provide a lot of benefits to advisors: How ESG rankings can help advisors reduce investment risks
In the world’s largest pension markets, defined contribution plans now hold a greater share of total pension assets: DC pension assets surpass DB in world’s largest markets: report
News and notes (U.S.)
A look at the hedge fund industry in January: State of the industry – January, 2019
The Eurekahedge Hedge Fund Index gained 2.22% in January: Most hedge funds started 2019 on positive note with returns of 2.22 per cent, says Eurekahedge
Market volatility may allow hedge fund managers to shine: Time for active managers to prove their worth
PE buyout multiples have risen, impacting the M&A market: PE-backed companies are catching up to their public counterparts
A look at what might be in store for private equity in 2019: 10 predictions for private equity in 2019
VC firms invested approximately $12 billion into fintechs in 2018: Why venture capitalists love fintechs
VC investors expect to increase their usage of data for investment decisions: Appetite for information growing in VC space: Pitchbook
Expect more active ETFs to be launched: More active ETFs are coming to market
FINRA released guidance on cybersecurity for brokerages: FINRA bolsters its cybersecurity guidance
JP Morgan has created the JPM Coin: JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business
Fidelity and Charles Schwab to offer iShares as part of their commission-free trading: Schwab, Fidelity both make big moves on commission-free ETFs
News and notes (Canada)
Liquid alternatives could provide retail investors a hedge against market volatility: New ‘liquid alts’ a hedge against stock and bond volatility
A look at potential new products in the Canadian ETF space: What can Canadian ETF investors expect in 2019?
An analysis of mutual fund categories and their cash holdings: Currency & sector liquidity analysis report: Q4 2018
Canadian CEOs to focus on organic growth in 2019: Canadian CEOs expect global growth to decline or stagnate
National Bank has launched four ETFs, which include a liquid alternatives ETF: National Bank Investments enters ETF market
Invesco launched a Canadian dollar-hedged version of its international low volatility ETF: Invesco adds to currency-hedged Canadian ETF lineup
On the pulse – New frontiers in fintech
The fintech sector should continue to grow in 2019: Already thriving, the fintech sector is set for more
The “American AI Initiative” will help advance wealthtech: Federal support for artificial intelligence should benefit wealthtech
Banks should turn these technological advancements into opportunities: When banks turn disruption to innovation
Robo-advisors have expanded their offerings by entering the pension market: Are pensions about to change robo-advice?
Fintech to focus on the small business market, not only the consumer market: Small businesses are the next wave of fintech focus
Will smaller banks merge in order to push forward their digital transformation?: Too big to fail … Too small to succeed
A look at why regtech has attracted so much capital investment: This is how global regtech investment more than doubled in 2018
Fintech firms collaborate to launch new chatbot for banks: Fidor partners with Finn AI to launch a new AI-powered chatbot for banks
UBank launched Mia, a digital human to help clients with their home loan application: UBank launches ‘digital human’ home loan assistant
Fenergo has launched a solution to help financial institutions navigate regulations through the client lifecycle: Fenergo reveals client lifecycle management software: Rules as a Service
A look at a few sectors that have benefitted from blockchain technology and should continue to advance its usage in 2019: Which sectors will be first to mainstream blockchain in 2019?
How these four fintech firms are changing the industry: What can four innovative fintech startups and their investors tell us about the future?
Ant Financial enters European market with purchase of WorldFirst: Alibaba’s Ant Financial buys UK currency exchange giant WorldFirst reportedly for around $700M
High-net-worth topics
How ING Trusts can save the high-net-worth in both income and transfer taxes: ING Trusts: The hot trend in HNW estate planning
To avoid losing the assets of your older high-net-worth clients, engage with the younger generation: Your best clients could be gone soon – Are you ready to replace them?
Polls & surveys – What financials are saying
Fund managers are holding an overweight in cash (Bank of America Merrill Lynch): Fund managers remain bearish despite rally: Merrill
52% of Canadians expect to save money this year (BMO): Canadians optimistic about saving this year
CPPIB sees lower returns ahead: Brace for weaker returns amid global economic winter, says CPPIB chief
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – January 28, 2019
The new technologies that European banks are prioritizing. The possible impact of an Amazon chequing account. The shift from passive to strategic beta and active. The practices FINRA will focus on in 2019. And much more in this week’s briefing.
Economic/industry news
International Economic Data Snapshot – includes aggregated data of the worldwide economy: Snapshot: International economic data
The Chinese economy grew 6.4% in the fourth quarter: China sees slowest economic growth since 1990
ECB maintains benchmark refinancing rate at 0%: ECB holds rates steady, guidance unchanged
BoJ holds interest rates steady: Bank of Japan keeps interest rates steady and cuts inflation forecast
Central banks may hold steady in early 2019: What to expect from central banks in 2019
U.S. recession in 2020 possible, according to Ray Dalio: Ray Dalio, founder of the world’s biggest hedge fund, sees a ‘significant risk’ of a possible US recession in 2020
The intertwining of impact investing and philanthropy: How impact investing can amplify philanthropic efforts
Some ESG trends you need to know: Five ESG trends to focus on for 2019
SG funds continue to attract large amounts of capital: Bucking the trend, flows into ESG funds set another record in 2018
Desjardins has launched the Desjardins Alt Long/Short Equity Market Neutral ETF: Desjardins introduces alternative ETF
CIBC launches CIBC Smart Investment Solutions: CIBC combines active and passive strategies in new portfolios
CI Investments launches ETF portfolios: CI introduces actively managed ETF portfolios
Fidelity introduces new ETFs to its lineup: Fidelity launches new factor ETFs, mutual funds
Happy Birthday, TFSA: The TFSA turns 10
On the pulse – New frontiers in fintech
How businesses can seize the opportunity in a fast-changing world: Navigating a world of disruption
How banking experts would launch their brand new bank: How banking providers can get their digital strategy right in 2019
Here are a few technologies that could impact financial services firms this year: Five emerging tech trends to watch in 2019
The asset management industry could benefit from regtech: How regtech will digitally transform asset management in 2019
The potential impact of an Amazon chequing account: An Amazon checking account could displace $100 billion in bank deposits (but it won’t)
Financial services firms should be prepared to enter the “greenfield”: Banks should take a page from fintechs on innovation
A look at some digital transformation myths: Busting five myths of digital transformation
Governments should provide a supportive environment for AI: Artificial intelligence initiatives need government support
How SMEs will benefit from fintech: Emerging fintech innovations set to influence SME lending in 2019
The government shutdown putting the country at risk of cyberattacks: With cybersecurity threats looming, the government shutdown is putting America at risk
Which new technologies European banks are prioritizing: Improving product agility is now a priority for 51% of European Banks, according to Temenos
A view from the inside on new technologies: The promises and pitfalls of new technologies
AI versus humans in the credit decision-making process: AI to outperform human credit decisions by 2024 – survey
IBM a number of health care insurance companies are looking to create a blockchain network for the health care industry: IBM teams up with healthcare firms for blockchain initiative
Understanding of blockchain lacking: New research points to poor understanding of blockchain amongst senior business execs
News and notes (U.S.)
The hedge fund industry experienced $35 billion in redemptions in 2018: 2018 was a challenging year for hedge funds, says eVestment
Center Lake Capital posted a 76% return in 2018: This hedge fund blew the doors off in 2018
Get to know Seth Klarman: Hedge fund billionaire Seth Klarman: The ‘most influential investor you’ve probably never heard of’
JP Morgan’s outlook on the alternative investment industry: JP Morgan’s 2019 Alternatives Outlook highlights opportunities across hedge funds, private equity, private credit, real estate and real assets
The potential drawbacks of the significant capital raises by private equity: The consequences of PE’s fundraising arms race
Natural resources attracting private capital: Private investment in natural resources hits record high
A look at some trends in the U.S. PE industry: More deals, fewer funds and other US PE trends in 9 charts
Shifting from passive to strategic beta and active: ETF providers pivot to strategic beta, active management
Outflows from long-term U.S. funds at its highest level since 2008: Investors showed major risk aversion in 2018
Government shutdown forces Cboe’s withdrawal of its bitcoin ETF application: Cboe’s bitcoin ETF application pulled after repeated SEC delays
Portfolios need to be more diversified, according to BlackRock: BlackRock: Advisors are overweight equities and ill prepared for 2019
Here is what practices FINRA will focus on in 2019: Finra to target online sales practices of broker-dealers
A deep dive into the pros and cons of a wealth tax: Opinion: How a wealth tax would work in the United States
High-net-worth topics
It is getting harder to attract capital from the high-net-worth: Fleeing clients are grim reality in banks’ push to manage wealth
The number of high-net-worth individuals globally expected to grow over the next five years: Global wealthy projected to grow 6.1% annually in next 5 years
The average age of the rich is dropping: Survey of U.S. investors finds the rich are getting younger
How the high-net-worth should handle a divorce: What Jeff and MacKenzie Bezos (and all high-net-worth couples) need to do to avoid a messy divorce
Polls & surveys – What financials are saying
IMF expects global economic growth of 3.5% in 2019 (IMF): IMF cuts world growth forecast to 3.5%
42% believe that the Canadian economy will worsen in 2019 (FPSC): 4 in 10 Canadians think the economy will be worse this year
Almost 75% of portfolio managers expect a recession (BCG): Portfolio managers believe recession is near
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – January 21, 2019
How technology will impact banking this year. Private equity showing a lot of interest in franchise chains. Personalized service key for millennial banking customers. Here are some important trends family offices should be focused on. And much more in this week’s briefing.
Economic/industry news
International Economic Data Snapshot – includes aggregated data of the worldwide economy: Snapshot: International economic data
Canada’s inflation rate increased to 2.0% in December: Canadian inflation unexpectedly accelerates on airfare surge
U.K. inflation rate falls to 2.1% in December: Inflation falls to lowest level in nearly two years
Brexit deal rejected by Parliament: Theresa May loses Brexit deal vote in Parliament
Is debt the primary catalyst for U.S. growth?: Gundlach warns U.S. economy is floating on ‘an ocean of debt’
Alternative investments could help investors navigate through challenging markets: Increased volatility in 2019 will benefit alt investments, J.P. Morgan says
Liquid alternatives should be used for diversification within a well-constructed portfolio: ‘Liquid alts are a diversification tool not a hedge’
Obtaining ESG data is costly: The rising cost of socially responsible investing
Is now the time for a little more international diversification?: Time for more international exposure?
The investment industry’s approach to managing funds, and selling them, has changed: Data picks investments, storytelling sells them
Waypoint to launch Waypoint All-Weather Portfolio: Waypoint seeking to start one of Canada’s largest hedge funds
MD Financial launches MD Precision Index Portfolios: MD Financial launches index portfolios
On the pulse – New frontiers in fintech
How technology will impact banking this year: 10 ways technology will change banking in 2019
Keeping the focus on the customer: Digital banks are led by clear customer-obsessed principles
A look back at the first year of open banking: Infographic: one year of open banking
Personalized service key for millennial banking customers: A year into open banking, 8 of 10 millennials would switch banks for personalised service
How to prepare your employees for AI: 3 ways to prepare your bank’s workforce for AI
How to obtain value from your data management efforts: 6 trends in insight driven data management
The questions that you need to answer for a successful digital transformation: Digital transformation: Three top questions answered
Facial recognition is a powerful tool, but needs to be regulated: Regulating facial recognition
Temenos to partner with Bloomberg for NAV estimates: Temenos signs strategic collaboration with Bloomberg to deliver industry-first solutions to buy-side institutions
Fintech merger estimated at $22 billion announced: Fiserv is buying First Data in a $22B fintech megadeal
Fintech firm, Plaid, purchases Quovo: Plaid buys Quovo in its first major acquisition
News and notes (U.S.)
Founder of Vanguard, John C. Bogle, passed away at the age of 89: Jack Bogle, founder of Vanguard Group and creator of the index fund, dies at age 89
The Barclay Hedge Fund Index fell 2.61% in December: Barclay Hedge Fund Index drops 2.61% in December; difficult 2018 ends with Index down 5.11% for the year
There could be a shift towards global macro managed futures and fixed income strategies: Rising concerns over slowing economic growth in 2019 could drive changes in hedge fund investing, says new survey
PE had its biggest year since 2007: Massive 4Q leads to PE’s biggest year since the crisis
Private equity showing a lot of interest in franchise chains: Private equity is buying more franchise systems – here are the key legal issues they are looking at
While assets are booming, costs continue to rise: Investors see PE opportunity but margins need to improve
End of trade dispute with China could boost equity markets: Head of world’s largest asset manager says stock market has hit a bottom – but this would make it surge
Looking to change the SEC’s Regulation Best Interest Proposal: Fiduciary groups meet in joint resistance to SEC Reg BI
Fixed income ETFs in the U.S. accrued $97 billion in assets in 2018: Fixed income ETF volume jumped in 2018, says BlackRock
Ten straight months of redemptions push Bill Gross’ bond fund under $1 billion: Bill Gross’s bond fund dips under US$1B after redemptions
High-net-worth topics
Here are some important trends family offices should be focused on: What do banks believe family offices should focus on?
Tax reform that could help the high-net-worth: Opportunities for wealthy clients under tax reform
BMO brings together private banking and full-service brokerage units: BMO creates BMO Private Wealth Canada and Asia
The total wealth of Canada’s high-net-worth fell 1.2% in 2018: Canada is 7th in the world for HNWIs but wealth has slipped
Polls & surveys – What financials are saying
Less than 15% of fund managers expect a global recession in 2019 (Merrill Lynch): Fund managers’ outlook for growth and profits is bleak: Merrill
Global growth is slowing (Fitch): Global growth is slower but not stalled: Fitch
Entrepreneurs to scale back investment in 2019 (BDC): Canada’s entrepreneurs are cautious about investment
Canadians feel that they don’t have enough for retirement (TD): Growing number of Canadians unprepared for retirement
Millennials say saving for a down payment is the biggest challenge to home ownership (Clever Real Estate): How millennial homebuyers approach the housing market
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – January 7, 2019
Hedge funds looking to expand their offering to attract investors. Is private equity about to be revolutionized? The top digital trends of 2019. How to help high-net-worth families invest with a conscience. And much more in this week’s briefing.
Economic/industry news
International Economic Data Snapshot – includes aggregated data of the worldwide economy: Snapshot: International economic data
The U.S. unemployment rate rises to 3.9% in December: Job growth surges by 312,000 in December
Canada’s unemployment rate steady at 5.6% in December: ‘Less than meets the eye’: Canada adds 9,300 jobs amid weak wages
The U.S. Federal Reserve Board will listen to the markets and act accordingly: The Fed has an important history lesson for panicked markets
A look at alternative investments: What exactly are alternative investments?
ESG ETF assets growing: Assets in ESG ETFs up 34% in ‘18
Market volatility could help active managers: Active fund managers say their time has come
Wealthsimple launches Wealthsimple Advisor Services Inc.: Wealthsimple introduces mutual fund dealer
ETFs attracted $20.1 billion in new assets in 2018: ETFs outsell mutual funds in 2018
Could ETFs be its own asset class?: ‘ETFs as asset class’ is among the top 2019 trends in markets
On the pulse – New frontiers in fintech
Here are the top technology trends for wealth management, according to Capgemini: Tech trends in wealth management to watch in 2019
It should be another strong year for fintech startups: 2019 looks to continue another lights-out year for fintech startups
UBS to make Evidence Lab available to clients: UBS’s big data lab is no longer just for its analysts
Why automation is key for fintech: Automation will be the end of banks as we know them
Some resolutions banks should be considering: 5 resolutions for digital banking success in 2019
The insurance industry is ready to be changed by digital technologies: Digital insurance in 2018: Driving real impact with digital and analytics
It is shaping up to be a big year for insurtech: Busy year ahead expected for insurtech
Here are the top digital trends for 2019: Digital transformation trends to watch in 2019 and beyond
A look back at the first year of MiFID II: MiFID II – One year on
New York State forms task force to understand, use and regulate cryptocurrencies and blockchain: New York to form cryptocurrency task force
News and notes (U.S.)
North American hedge funds down in November: North American hedge funds suffered further losses in November, says Eurekahedge
Get to know Bridgewater’s Head of Investment Research, Karen Karniol-Tambour: Bridgewater’s new brain: A millennial woman is blazing to the top of the world’s largest hedge fund
Hedge funds looking to expand offerings to attract investors: Hedge funds turn to private capital playbook in search of assets
PE and VC should keep an eye on oiltech and commoditech: Next big thing: Oiltech
Out to change private equity: This San Francisco investor wants to revolutionize private equity. Is he crazy?
Investing in managed futures through an ETF: Eyeing alternatives with a managed futures ETF
U.S. mutual funds experience largest weekly redemptions since February: US fund investors pull most cash from stocks since February, says report
U.S. defined benefit pension plans had a slightly lower deficit at the end of 2018: Funded status of US corporate pensions slipped in 2018: survey
High-net-worth topics
Helping high-net-worth families invest with a conscience: Advisor works with families to make an impact
Navigating clients through 2019: What wealth advisors are telling their clients in preparation for 2019
Polls & surveys – What financials are saying
Investors should buy into this market decline (Citigroup): Citi says ‘buy this dip’ and sees equities returning 14% in 2019
Predictions for 2019 (Nuveen): Bob Doll’s 10 predictions for 2019
Energy prices could be volatile in 2019 (Moody’s): Energy outlook for 2019
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Wednesday morning briefing – January 2, 2019
Creating an excellent customer experience will deliver solid financial results for banks. Private equity expected to surpass hedge funds in terms of assets over the next few years. The high-net-worth are looking for tax-efficient, and legal, options. Tightening monetary policy and sustainability among the themes to watch in 2019. And more in this week’s briefing. Enjoy!
Economic/industry news
International Economic Data Snapshot – includes aggregated data of the worldwide economy: Snapshot: International economic data
The U.S. Federal Reserve Board raises its target range to between 2.25% and 2.50%: Fed raises interest rates, signals more hikes ahead
U.S. and Chinese officials to discuss trade in early January: U.S. and China said to hold trade talks in Beijing in early January
Canada’s economy expanded 0.3% in October: Canada’s economy grew 0.3% in October
The focus on the Fed may change from interest rates to its balance sheet: Markets signal 2019 focus will be Fed’s balance-sheet unwind
Could 2019 be the year for emerging markets’ outperformance?: Emerging markets expected to outperform in 2019 (for real this time)
Finding investment opportunities as the number of seniors in Canada rise: Opportunities for institutional investors in an aging society
Education will be key as liquid alternatives are set to formally launch on January 3: AIMA prepares for investment ‘sea change’
Canadian mutual funds experienced $2.4 billion of net redemptions in November: Mutual fund sales slump continued in November
Canadian ETF assets rose to $160.9 billion in November: Canadian ETF assets up in November
On the pulse – New frontiers in fintech
Real-time payments generating interest from large technology firms: Big tech companies throw their support behind Fed-run real-time payments network
Creating an excellent customer experience will deliver solid financial results for banks: Customer experience has massive impact on banking providers’ bottom line
Some key trends to watch out for in the banking industry: What’s in store for banks in 2019?
According to McKinsey, here are the key fintech trends that you need to know: Synergy and disruption: Ten trends shaping fintech
Here are the top fintech startups in New York: Top 20 fintech startups in New York
Demand for regtech solutions expected to grow: Demand for regtech solutions to intensify as regulatory burden looms larger
Insurance executives should keep these key insurtech questions in mind during 2019: 5 insurtech questions for 2019
Despite the rise of robo-advisors, human financial advisors still play an extremely important part in financial advisory: Why we still want humans, and not (just) robots, to invest our money
Using technology to identify potential credit risks: ING develops early warning system for credit risk
Banks are making substantial progress as innovative organizations: From innovation theatre to real innovation
Automating the office: 5 business uses of voice based virtual assistants
CI acquires majority stake in WealthBar: CI enters robo game with WealthBar acquisition
News and notes (U.S.)
Hedge funds fell 0.28% in November: Barclay Hedge Fund Index down 0.28 per cent in November
Hedge funds experienced outflows in November: Hedge funds see third consecutive month of outflows in November
Private equity expected to surpass hedge funds in terms of assets over the next few years: What lies ahead for the hedge fund industry?
Take-private deals could grow in 2019: Expect the number of take-privates in the US to spike in 2019
Alternative investments could provide an opportunity for growth in an investor’s portfolio: Looking for growth? Consider the alternatives
Private equity managers perform better when they aren’t rushed to make deals: Faster isn’t better for private equity managers
A look back at the VC industry in 2018: 60 big things: Scandals, scooters and the year that was in VC
Investors want to see innovation in cost management: How fund managers are innovating around fees
Regulatory issues that broker-dealers need to keep top-of-mind in 2019: Regulatory changes to watch: Taxes, retirement, fiduciary rules
Changes coming to fund-of-funds?: SEC proposes rule changes for fund of funds arrangements
What we can learn from 2008 in 2018: Lessons from 2008 for 2018
These were the 10 largest ETF launches in 2018: Biggest ETF launches of the year
Weekly outflows from mutual funds accelerate: ETFs gain $25.2B while mutual funds lose $56B
High-net-worth topics
Hedge fund-like strategies to help the high-net-worth navigate through market volatility: UBS Wealth’s hedge fund-like playbook to beat market mayhem
Helping the high-net-worth preserve their wealth: How to hold on to the wealth you’ve got
The high-net-worth are looking for tax-efficient, and legal, options: Offshore tax scandals haven’t deterred HNW investors: report
Polls & surveys – What financials are saying
Tightening monetary policy and sustainability among the themes to watch in 2019 (Mercer): Four investing themes will shape financial markets in 2019: Mercer
Slower growth expected for the Canadian economy (Vanguard): Canadian outlook skewed toward the downside, says Vanguard
Canadians looking to pay down debt in 2019 (CIBC): Canadians say paying down debt is top priority in 2019: Poll