Monday morning briefing – July 8, 2019
Bitcoin’s volatile June may impede the possibility of an ETF. Funds-of-hedge funds are making a comeback. Ontario to get 50 more cannabis retail stores. 5G technology will enhance digital banking capabilities. And much more in this week’s briefing.
Economic/industry news
The Canadian unemployment rate rose to 5.5% in June: Canada’s jobs market pauses in June after monster start to year
The unemployment rate in the U.S. rose to 3.7% in June: Hiring rebounds as U.S. economy adds 224,000 jobs in June, unemployment rate inched up to 3.7 percent
Global equity issuance slow in the first half of 2019: Global equity issuance dives in the first half, Refinitiv reports
State Street launches ESG money market fund: State Street Global Advisors launches its first ESG money market fund
Christine Lagarde will become president of the ECB: Christine Lagarde: Key issues she must address at the ECB
Will more tariffs come to the EU?: U.S. proposes more tariffs on EU goods in Airbus-Boeing dispute
MSCI plans to add Kuwait to its emerging markets index: MSCI set to classify Kuwait as emerging market, subject to certain conditions
News and notes (U.S.)
Funds-of-hedge funds are making a comeback: They’re baaaaack: The investment that’s making an unlikely comeback
Europe’s interest in alternative investments growing: Interest in alternative investments on the rise in Europe
PE firms looking to raise US$1 trillion in fundraising efforts: Private equity seeks almost $1 trillion globally
Venture capitalists keeping a keen eye on companies that move people and things: Wheeling & dealing: In 2019, VCs can’t stop funding mobility startups
Fixed income ETFs see record inflows in June: Fixed income ETF inflows surpassed $25B during June
Understanding the rules of Reg BI: SEC’s Reg BI adds unexpected fiduciary hurdle for retirement advisors
News and notes (Canada)
Canadian banks meeting global regulatory standards on net stable fund ratio: Reports find Canadian banks meet global standards
Ontario to get 50 more cannabis retail stores: Ontario to issue 50 new cannabis store licences, eight to go to First Nations
Value of Canadian defined benefit pension plans stable in the second quarter: Strong equity market performance helped DB plans in Q2
Project Reconciliation preparing bid for the Trans Mountain pipeline: Indigenous group says Trans Mountain bid could be ready next week
On the pulse – New frontiers in fintech
Using data to drive the personalized customer experience: Digital changes customer engagement playbook for financial institutions
New associations will be important to drive fintech forward: We’re all in this together – The Value of associations in fintech
5G technology will enhance digital banking capabilities: Banking in 5G: Why financial marketers should care (now)
A look at the challenges and opportunities of AI in banking: AI in banking: The pitfalls and opportunities (research paper)
Understanding Intelligent Spend Management: Intelligent Spend Management and the evolution of procurement
Here are 10 payment start-up companies that you need to know about: 10 payments start-ups to watch
NatWest experiments with live chats on mobile, tablet and PC: NatWest trials video banking service for business customers
Online payment startups are focusing on these sectors: What sectors do online payment startups try to target?
Giving businesses unlimited access to their PayPal account: PayPal launches its first UK debit card with unlimited cash back for businesses
Bitcoin’s volatile June may impede the possibility of an ETF: Bitcoin’s wild June is ‘slam dunk’ against crypto ETF approval
High-net-worth topics
Ways business owners can save for retirement: Eight things business owners can do to build up funds for after retirement
Financial planning for families with assets in multiple countries: Cultivating foreign clients
How insurance can mitigate some of the risk for high-net-worth investors: The secret key to protecting your client’s wealth
Polls & surveys – What financials are saying
Professional accountants are bullish on the Canadian economy (CPA): Business leaders feel better about the economy: survey
Canada’s economic growth is dependent on global economic conditions (Russell Investments): Canadian economy not immune to outside forces: report
Why India might be a good source of investment returns (Manulife): Investors chasing higher returns can’t skip India, Manulife says
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Tuesday morning briefing – July 2, 2019
Spotting a financial bubble. The rising stars of the hedge fund industry. The benefits of advisors adopting technology. The affluent market is expected to grow. And much more in this week’s post.
Economic/industry news
U.S. GDP growth confirmed at 3.1% in the first quarter: US economy grew at a solid 3.1% rate in the first quarter
Optimism regarding small– and medium–sized businesses in the U.S. waning: Optimism hits nine-year low at U.S. small, midsize companies
Spotting a financial bubble: Can you spot a bubble before it bursts?
What’s hurting value investing: Two suspects behind value’s apparent death
New climate change indices announced: MSCI launches climate change indexes: Portfolio products
The number of global IPOs declined in the first half of the year: A weak first half for global IPOs, EY reports
News and notes (U.S.)
Forward Redemption Indicator was 3.81% in June 2019, lower than June 2018: SS&C GlobeOp Forward Redemption Indicator at 3.81 per cent for June
Equity leverage rising fast for hedge funds: Hedge funds boost equity leverage at fastest rate in three years
Alternative investment managers expect moderate economic growth for 2019: Alternative investment professionals bullish on prospects for remainder of 2019
A look at the most powerful hedge fund managers: The 10 most powerful hedge fund managers this year
The rising stars of the hedge fund industry: Hedge funds might be under scrutiny – but these rising stars are their future
Will Vanguard enter private equity space?: Vanguard mulling move into private equity: report
Another strong year for PE cashflows: Global PE cashflows eye eighth consecutive year in the black
U.S. tech firms reduced hiring in China amid trade dispute: Silicon Valley cools Chinese growth plans during trade war
Average wage earners having difficulty purchasing a home in many U.S. markets: Homebuying difficult for Americans in three-fourths of markets
Mutual fund sales and performance over the past two weeks: Mutual funds scorecard: June 25 edition
News and notes (Canada)
Mutual funds experienced $719 million of net sales in May: Mutual fund sales rebound, despite retreat in AUM, IFIC reports
Steve Hawkins takes over as board chair for the Canadian ETF Association: CETFA welcomes new board chair
Advisor title reform to be reviewed by new provincial regulator: FSRA to lead advisor title reform, while OSC works on other reforms
Tax proposal could hurt Canadian ETFs: Tax proposals get pushback from ETF industry
On the pulse – New frontiers in fintech
Wall Street is learning from Silicon Valley: Wall Street is taking cues from Silicon Valley to innovate fintech
The top trends in retail banking: The Top 5 retail banking technology trends of 2019 (so far)
Why it’s imperative that traditional banks adopt AI usage: Banking brands can’t keep pace with digital giants without AI
What is Facebook’s future in fintech?: Facebook’s Libra cryptocurrency is the future of fintech
Consumer use of fintech growing: More than half of global consumers use fintech
The benefits of advisors adopting technology: Five ways advisors can leverage technology
Welcome to the new Chase retail branch: Chase makes bold statement with stunning new flagship branch
Helping VCs make investment decisions: VCs double down on data-driven investment models
A look at how the investment banking industry can benefit from AI: How AI could shape the future of investment banking
High-net-worth topics
The affluent market is expected to grow: The growing promise from affluent individuals
How to respond to the traits of wealthy investors: 12 surprising traits of the wealthy
Sotheby’s to merge with BidFair USA: Sotheby’s goes private: What it means for the art market
Polls & surveys – What financials are saying
U.S. investor confidence falling (Wells Fargo/Gallup): Investors are battening down the hatches for a recession: Wells Fargo
Geopolitical and market risks affecting the outlook for institutional investors (Manulife): Uncertainty clouding institutional investor outlook: report
Canadians trust financial advisors for their retirement planning (Fidelity): Advisors top list of retirement planning resources: survey
A look at the contributors to growth in robo-advice (BMO): ETFs played a role in robo growth, fee-based shift: report
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – June 24, 2019
Can the Fed Chairman be replaced? How geopolitical risks impact emerging markets. Facebook is planning a new cryptocurrency. Advisors are preparing for a possible recession. Plus much more news in this week’s briefing.
Economic/industry news
The Fed holds steady, raises expectations of rate cut: Fed holds rates steady, but opens the door for a rate cut in the future
The Bank of England kept its Bank Rate steady at 0.75%: BOE warns on global economic outlook as it holds rates steady
The inflation rate in Canada rises to 2.4% in May: Canadian ‘inflation is back’ as rate rises most since October
Can Fed Chairman Powell be replaced?: Trump believes he has the authority to replace Powell at Fed
The impact of geopolitical risk on emerging markets investments: Geopolitical tensions high on investors’ list when examining emerging markets
News and notes (U.S.)
Hedge funds fell 0.71% in May: Eurekahedge Hedge Fund Index down 0.71 per cent in May
Hedge fund redemptions were US$9.4 billion in April: Hedge fund redemptions slow in April
Paulson & Co. to exit London: John Paulson’s hedge fund scales back operations
Goldman Sachs increasing its PE presence: Goldman Sachs looks to become the next private equity giant
The use of subscription credit facilities rising: Private capital funds increasingly turning to subscription credit facilities
How IPOs backed by PE and VC have fared in 2019: Here’s how much VC- and PE-backed IPOs have raised in 2019
Will the SEC open up hedge funds and PE funds to retail investors?: Hedge funds for all: SEC ponders letting in the not-so-rich
U.S. retirement assets rebounded in the first quarter: Retirement assets recover from fourth-quarter swoon
News and notes (Canada)
First Asset launches the CI First Asset High Interest Savings ETF: First Asset launches high-interest savings ETF
SSQ launches Smart Beta Plus Portfolios: SSQ delivers Canadian first with turnkey portfolio products
Sun Life launches SLC Management: Here comes a new $160 billion asset manager
Manulife partners with Mahindra and Mahindra of India: Manulife enters joint venture in market of more than 1 billion people
Stifel Financial purchases GMP Capital’s capital markets business: Deal throws shackles off ambitious Richardson GMP
The Trans Mountain pipeline expansion gets approved, again: Trans Mountain expansion gets second green light from Ottawa
On the pulse – New frontiers in fintech
A look at AI in the financial services industry: What the age of AI means for Wall Street
Four trends that will lead to more innovation in fintech: 4 trends that will rewire the inner workings of the fintech industry
A look at the growth of point-of-sale financing: POS finance growth is threat and opportunity for banking providers
Fintech having a positive effect on consumers: Fintech boom has consumers reaping the benefits
Some key financial marketing trends that you need to know: 6 financial marketing takeaways from the 2019 Internet Trends Report
Looking at the impact of GDPR on AI: GDPR – How does it impact AI?
A look at the industries that could be transformed by blockchain: Banking is only the beginning: 55 big industries blockchain could transform
Blockchain company Ripple to invest in MoneyGram: Ripple buys stake in MoneyGram
Facebook to enter cryptocurrency space: Facebook plans its own currency for 2-billion-plus users
High-net-worth topics
A look at how to better serve the wealthy: How advisors can improve service for affluent clients
A digital experience in wealth management is important to the wealthy: Wealth managers and high-net-worth clients embrace digitization
Polls & surveys – What financials are saying
Over half of fund managers believe trade is the top risk to the market (BoAML): Bears are everywhere, Merrill investor poll finds
Advisors are preparing their business for a possible recession (Schwab): Advisors are bearish on markets, bullish on their own growth
Many millennial self-directed investors may move their business to another platform (J.D. Power): Millennials less satisfied with self-directed investing: report
Impact investors are meeting their financial goals (Global Impact Investing Network): Survey: 91% of impact investors happy with performance
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Wednesday morning briefing – June 19, 2019
A look at the hedge fund industry in May. How investors can survive the trade wars. Use of fintech services on the rise. High-net-worth investors are looking to forests. And much more in this week’s briefing.
Economic/industry news
The U.S. inflation rate fell to 1.8% in May: US consumer prices barely rise; underlying inflation muted
How alternative investments can help retirement portfolios: The case for alternatives in retirement portfolios
Preparing for modern monetary theory: Don’t dismiss modern monetary theory, research affiliates warns
The outlook for the euro and pound given Brexit uncertainty: How is Brexit affecting currencies?
The importance of international diversification: Diversification means investing overseas too
News and notes (U.S.)
A look at the hedge fund industry in May: State of the industry – May, 2019
The Barclay Hedge Fund Index fell 1.47% in May: Hedge funds’ four-month run in the black ends in May with 1.47 per cent fall
A look at the growth of GP stakes fundraising: GP stakes fundraising is starting to boom
Blackstone raises US$4.5 billion for its second energy fund: Blackstone raises $4.5 billion for energy fund
How investors can survive the trade wars: Trade wars and tariff-mania: An investor survival guide
BlackRock focuses on launching thematic ETFs: BlackRock looks to 5 ‘megatrends’ to expand its ETF business
Legg Mason to make its strategies available to retail investors in Mexico: Legg Mason to offer funds to Mexican retail investors
Mutual fund sales and performance over the past two weeks: Mutual funds scorecard: June 11 edition
News and notes (Canada)
BMO launches a health care banking program: BMO launches program aimed at healthcare professionals
Evolve launches the Evolve Global Materials & Mining Enhanced Yield Index ETF: New global materials and mining ETF launched
Canada had a net outflow of foreign investment in April: Foreign investment in Canadian securities declined in April: StatsCan
Market value of trusteed pension assets fell 1.3% in the fourth quarter of 2018: Market value of trusteed pension assets declined in Q4 2018: StatsCan
On the pulse – New frontiers in fintech
Use of fintech services on the rise: Consumer use of fintechs for banking services skyrockets
Uber entering the fintech space: Uber is making a fintech push with a New York hiring spree
Why traditional banks need to prioritize a digital transformation: The logic of digital change
Use of digital wallets expected to grow by 2024: Half of world’s population to use digital wallets by 2024
How to combat financial crime: Joining the fight against financial crime
What you need to know about Gen Z: 15 things banks & credit unions must know before targeting Gen Z
Visa enters the cross-border, business-to-business transaction market: Visa enters the $125 trillion global money transfer market with new blockchain product
HSBC partners with Canadian firm to enhance AI use: HSBC ramps up artificial intelligence efforts with Element AI partnership
Shoppers Drug Mart to use blockchain technology to monitor quality of medical cannabis: Shoppers to use blockchain technology to track medical cannabis quality
High-net-worth topics
The high-net-worth are investing in forests: Wealthy families are adding forests to their portfolios
Luxury watch prices are increasing: Time is money: How luxury watch collectors show off their precious investments
Polls & surveys – What financials are saying
58% of institutional investors are utilizing smart beta strategies (FTSE Russel): More than half of institutional investors using smart beta strategies: survey
The ability to express empathy is important for financial advisors (STEP Canada): Do you really know how to express empathy to clients?
There is a retirement savings gap around world (WEF): Retirees risk running out of money a decade before death
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – June 10, 2019
Banks can make privacy a competitive advantage. High-net-worth investors are looking for private equity. The difficulties facing fintech firms as they cross borders. And much more in this week’s briefing.
Economic/industry news
The U.S. unemployment rate was steady at 3.6% in May: Jobs report: U.S. economy adds disappointing 75,000 jobs in May, unemployment rate holds at 3.6%
Canadian unemployment rate fell to its lowest level since 1976: Canada added 27,700 jobs in May; unemployment rate hit record low
ECB holds rate steady, pushes out possible rate increase: Euro rises as ECB pushes back rate hike deadline; raises inflation forecast
Would the Fed be willing to cut rates?: Powell hints Fed will cut rates if needed over trade wars
What the next recession could look like: Gauging the next recession’s severity
The benefits of farmland in a pension portfolio: A look at the role of farmland in pension portfolios
Sustainalytics launches ESG screening product: Sustainalytics launches new ESG screening tool and engagement service
News and notes (U.S.)
Who can replace a legend?: The race to replace Larry Fink
What to look for in an outsourced trading partner: Key considerations when choosing an outsourced trading partner
Regrets about going public: Apollo founder ‘absolutely’ regrets taking the firm public
A look at the next CIOs: II’s most wanted allocators: First team
The largest PE firms have been able to diversify across asset types: A new era of scale in the private capital markets
Fidelity reduces fees on target-date funds: Fidelity cuts target-date mutual fund fees as price war spreads
The SEC passed the Regulation Best Interest proposal: SEC passes regulation best interest by 3-1 vote
Household wealth in the U.S. up, growth rate of debt slowed: U.S. first-quarter household wealth hits record as stocks surge
News and notes (Canada)
Fidelity launches ESG funds: Fidelity launches 3 funds aimed at positive change
May was the best month in 2019 for ETF inflows: Canadian ETF inflows in May are the year’s strongest so far
The Canadian ETF industry still has a lot of room to grow: Why Canada’s ETF industry hasn’t peaked yet
An in-depth look at the Canadian mutual fund industry: Mutual Fund Guide 2019
Looking at the compliance challenges facing investments: OSC to launch new advisory committee
Protection of vulnerable investors a top priority of IIROC: IIROC sets strategy through 2022
On the pulse – New frontiers in fintech
Regulators and fintech firms need to coordinate efforts to create a better environment for innovation: BankThink Fintechs, regulators need more common ground
Making money in mobile banking using big data: Data can move mobile banking from ‘convenient’ to ‘monetized’
The difficulties facing fintech firms as they cross borders: 3 challenges of scaling a fintech company across borders
Creighton University introduces a degree in fintech: Creighton University among the first to create a fintech degree
The opportunity and risks of deploying AI: The potentials and pitfalls of applying AI in the financial industry
The U.K. has seen a rise in mobile banking, less use of cash: Rise in mobile banking and contactless as consumers take pick ‘n’ mix approach to payments
Banks can make privacy a competitive advantage: Why now is the ideal time for banking brands to assert their privacy role
Banks’ adoption of open banking will take time and trust: Mastercard’s Wadsworth: Banks need time to fit into open banking future
Why tech talent should consider banking: The war for (banking tech) talent
High-net-worth topics
How to advise people who come into sudden wealth: Advising ‘Jeopardy!’ champ Holzhauer on his $2.5 million payday
The high-net-worth rank trust as the number one requirement in an advisor: Satisfaction and loyalty just the start for high-net-worth clients
The high-net-worth are looking for private equity: Russ Prince: Wealthy investors want more private equity
Polls & surveys – What financials are saying
Asset managers are looking at creating ESG products (Cerulli): More than half of asset managers considering ESG products, Cerulli says
Some doctors are worried about unexpected expenses (MD Management): Is your doctor client worried about finances?
Combining human advice with robo may become the best approach (IFIC): Hybrid distribution channels set to rise: IFIC
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – May 27, 2019
Socially responsible investing by hedge funds on the rise. Using branches to help with a bank’s digital strategy. Institutional investors prepared for a market downturn. And much more in this week’s briefing.
Economic/industry news
The Japanese economy expanded 0.5% in the first quarter of 2019: Japan’s Q1 GDP: The details are worrisome
Will we see an interest rate cut by the Fed?: David Rosenberg says U.S. will cut rates by end of summer
Assets in passive and active U.S. equity funds at US$4.3 trillion each: Passive fund assets draw even with active incumbents in U.S.
U.S. ETF that pays investors will put pressure on fund fees: Fund fees face added pressure with first U.S. fund that pays investors
There were US$45.94 billion of net inflows into global ETFs in April: Global ETF assets reached US$5.57 trillion last month
News and notes (U.S.)
Asian, emerging markets and event driven hedge funds attracting assets: Event driven, Asia, emerging markets hedge funds are big asset winners in April and YTD
Socially responsible investing by hedge funds on the rise: Hedge funds start to figure out socially responsible investing
Appaloosa LP to convert to a family office: David Tepper’s hedge fund days are coming to a close (one day)
PE exits declined in the first quarter of 2019: Exit activity nosedives for PE firms in 1Q
Investors concerned about the return potential from private markets: Private equity loses luster
Possible changes expected to the tax treatment of carried interest profits: Mnuchin says no plan to change carried interest tax treatment
Vanguard launches first actively managed ESG fund: Vanguard’s first actively managed ESG fund now open for investment
News and notes (Canada)
Allianz Group invests $100 million in Wealthsimple: Allianz makes ‘landmark’ investment in Wealthsimple
Purpose launches options ETF: Purpose launches new options ETF
Canadian mutual funds experienced $1.0 billion of outflows in April: ETF sales trump mutual funds in April
Canadian debt levels continue to rise: CMHC says Canadian debt levels hit record highs at end of last year
Canadian executives expect strong revenue growth this year: Economic optimism underpins strong M&A market
On the pulse – New frontiers in fintech
Using branches to help with a bank’s digital strategy: Don’t abandon branches to favor digital banking channels
Outages causing problems for open banking: Open banking revolution on hold as banks fail to prioritise fixing outages
Banks spending heavily in digital transformation to ward off the threat from fintech firms:Banks waking up to fintech threat throw billions into digital
How artificial intelligence can help banks: How AI will supercharge bank and credit union innovation
The top 20 countries in AI readiness: UK near top of AI index
Attracting the Gen Z client: Are you focused on the right customer?
Trade AI Engine will provide a better experience for trade processing: Standard Chartered rolls out Trade AI Engine
Revolut launches group feature for its vault account: Revolut launches Group Vaults as an alternative to joint accounts
HSBC opens artificial intelligence lab: HSBC opens global data lab in Toronto
High-net-worth topics
What wealthy clients want from an advisor: How advisors can stand out to wealthy clients
A look at philanthropy from the CEO of the Center for Effective Philanthropy: What Wall Street gets wrong about giving
Cash holdings on the rise for the ultra-wealthy: A group of superrich investors, spooked by China and potential ‘black swans,’ raises cash to levels not seen in years
Polls & surveys – What financials are saying
Institutional investors prepared for a market downturn (Wilshire): Institutional investors think they’re ready for the next downturn
Approximately 50% of investment managers are using alternative data (IHS Markit): Half of investment managers use alternative data: report
Investment professionals bullish on U.S. equity markets (SPDR): Investors still confident in mid-2019, but risk tolerance dips
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
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
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 11, 2019
A look at long/short equity hedge funds during the fourth quarter of 2018. Preparing your employees for the age of digital disruption. The impact of regulation on fintech. Will we see a shift back to active management? 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 Canadian unemployment rate rose to 5.8% in January: Canadian job market surges on record private-sector hiring
European GDP expanded 0.2% in the fourth quarter: EU’s GDP growth rate slows down to 1.5 pct in Q4 2018
BoE holds its Bank Rate steady at 0.75%: Bank of England leaves policy rate unchanged at 0.75% as expected
The RBI cut its benchmark interest rate: Five key takeaways from India’s new central banker’s maiden policy review
Global net flows into investment funds were $606 billion in 2018: Global fund flows had worst year since 2011: Morningstar
Here are some ESG trends for 2019: Emerging MSCI ESG trends to watch in 2019
The three categories of ESG investments: 3 ESG investment strategies: passive, integrated and active
The green bond market is set to grow in 2019: Global “green bond” issuance set to surge in 2019
Clients showing more interest in sustainable investing: How sustainability is becoming an industry focus
Will we see a shift back to active management?: Is the index bubble about to burst?
Some wealth management trends for 2019 that you need to know: 10 wealth management trends in 2019: Aite
Operating margins falling despite higher assets: Asset growth no longer equals fatter profits for fund managers
News and notes (U.S.)
Bill Gross announces his retirement: Bill Gross retires after storied four-decade career in bonds
Hedge funds with a poor December rebounded in January: December’s strugglers bounced back in January, says Lyxor
A look at long/short equity hedge funds during the fourth quarter of 2018: Fourth quarter 2018 review of the long/short equity hedge fund space
Carlyle Group had a sharp increase in pre-tax distributable earnings: Carlyle outperforms rivals in latest earnings report
U.S. retail investors out of the stock market: Mom and pop sit out rally, with stock exposure at 6-year low
Fidelity launches two model portfolios that will use ETFs: Fidelity debuts its first Model Portfolios that employ ETFs
Ark launches the ARK Fintech Innovation ETF: ARK rolls out fintech ETF
Institutional plans in the U.S. struggled in 2018: ‘Worst calendar year performance’ for U.S. institutional plans since 2008: report
Looking to improve U.S. retirement savings: Rep. Kind to reintroduce Retirement Savings Act
BB&T to purchase SunTrust Banks: BB&T to buy SunTrust in biggest bank merger in a decade
News and notes (Canada)
Canadian ETF assets fell 3.9% in the fourth quarter: Q4 asset drop couldn’t stop Canadian ETF boom
The S&P/TSX Composite Index could be a strong relative performer in 2019: It’s time to stop ignoring the TSX
Institutional portfolios benefited from the strong performance of Canadian real estate in 2018: Canadian real estate boosted institutional portfolios in 2018
Know Your Client shouldn’t be the same for all clients: MFDA warns against one-size-fits-all approach to KYC
IGM Financial invests more money into fintech firm: Personal Capital raises $50 million in new funding
Vanguard adds two more asset allocation portfolios to its lineup: Vanguard launches two asset allocation ETFs
A rough equity market in the fourth quarter hurt Canadian defined-benefit pension plans: Canadian DB pensions finish 2018 in negative territory: reports
On the pulse – New frontiers in fintech
The impact of regulation on fintech: Fintech innovation – is regulation a significant barrier?
How fintech will help the unbanked and underbanked in 2019: How will fintech offer disruption to financial services in 2019?
Canada is behind in its potential to adopt open banking: Canada lags in readiness for ‘open banking’
How AI can help perform testing in your digital initiatives: Artificial intelligence in testing: Top five use cases in financial services in 2019
Fintech’s impact on the future of wealth: Wealth is the next big fintech game changer
Fintechs aren’t providing the necessary help to millennials: How fintech companies are failing to help millennials with financial security
How to access the mobile ad market: How financial marketers can tap the surging mobile ad market
A look at why companies should consider a digital transformation: Why digital transformation? Challenge vs opportunity
Preparing your employees for the age of digital disruption: Learning and development in the digital age
A look at why bank branches shouldn’t be closed down: Why banks should stop closing branches
Automating trade data: A smarter way to report on financial trades?
Goldman Sachs and HSBC invest in tech start-up: Goldman Sachs and HSBC invest $20m in startup trying to make banks more like Apple
Barclays makes investment into fintech start-up: Barclays invests in payment-linked loyalty startup Bink
Scotiabank to launch fintech lab in Mexico: Scotiabank partners with Mexican university to open fintech accelerator
Trade groups team up to push digital assets and blockchain forward: Blockchain associations form new lobby group
High-net-worth topics
A look at family offices and their potential future: Multi-single-family offices are the future of UHNW families
Here a few mistakes the high-net-worth make: 10 big financial mistakes wealthy families make
A look at how the ultra wealthy are currently investing: Tiger 21 annual conference: CNBC interview with Tiger 21 founder Michael Sonnenfeldt on how the ultra-wealthy invest
Polls & surveys – What financials are saying
Asset managers see steady growth over the next seven years (Bloomberg): 5 asset management predictions for the next 7 years
The Canadian housing market and consumption could slow in 2019 (PIMCO): Downside risks for Canadian economy: PIMCO
Looking after a family member in cognitive decline has significant impact on family finances (RBC): The impact of cognitive decline on families’ finances: RBC survey
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
Monday morning briefing – February 4, 2019
A look at digital trends for 2019. Private equity continues to attract assets from public pension plans. ESG measurements are improving. Risk models still require the human touch. 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 Fed holds its target range steady at 2.25% – 2.50%: Fed holds rates stable, pledges ‘patient’ approach, expects ‘ample’ balance sheet
Given a more cautious tone, will the Fed stand pat in 2019?: Fed unlikely to hike rates in 2019
The U.S. unemployment rate rose slightly to 4.0% in January: U.S. job growth jumps; unemployment rate rises to 4.0 percent
Canadian GDP contracts in November: Energy slump drives Canada’s second GDP decline in 3 months
Debunking some misconceptions about liquid alternatives: In defense of liquid-alt ETFs
Family office allocations to hedge funds expected to grow: Family offices increasing hedge fund allocations in 2019
Looking to improve ESG measurements for corporate ratings: S&P Global Ratings, Morningstar raise bar on ESG measurement
ESG ETFs are attracting investor assets: ESG ETFs are gaining traction
A comprehensive look at factor investing: Factor investing: An overview
Data is crucial in selecting equities, but so is the role of humans: The role of data in equities management
News and notes (U.S.)
The Mizuho-Eurekahedge Index outperformed global equities in 2018: Hedge funds recorded best outperformance over equities since 2011 in 2018
It may be a good year for macro hedge fund managers: Where some of the world’s top hedge funds will invest in 2019
Willis Towers Watson is recommending a new approach to selecting hedge funds in institutional portfolios: Willis Towers Watson calls for change in hedge fund industry
A look back at the U.S. venture capital market in 2018: 18 charts to illustrate US VC in 2018
PE continues to attract assets from public pension plans: Public pensions pour more money into private equity
PE middle market fundraising slowed in 2018: Fundraising is flat in the US PE middle market, but it’s not time to panic
U.S. investment banks to move a portion of their London business to Europe: Banks to flee London even if Brexit is cancelled
Average 401(k) account balances fell in the fourth quarter: Fidelity’s average retirement account balances dropped – the reason why may surprise you
According to Backend Benchmarking, the best overall robo-advisor is Fidelity Go: Fidelity Go ranked best overall robo-advisor
Expect delays from the SEC: SEC back to work, but expect slow response times
News and notes (Canada)
Canadian mutual fund assets fell in 2018, and were negatively impacted by weaker markets: IFIC releases 2018 year-end report
Congratulations to the Fundata Canada award winners: FundGrade A+ Awards
Canadian companies backed by VC attracted $3.5 billion in 2018: Canadian VC-backed companies saw record funding in 2018
A look at the tax environment for 2019: What’s new in taxes for 2019?
NEI’s corporate engagement list for 2019: NEI Investments announces corporate engagement list
Horizons launches two new tax-efficient ETFs: Horizons ETFs expands its innovative lineup of tax-efficient funds
SmartBe Wealth announces launch of first ETF: First SmartBe Wealth ETF trading on NEO
Wealthsimple launches new service for those with over $500k: Wealthsimple unveils premium advice service
On the pulse – New frontiers in fintech
Open banking should be positive for big banks: Big banks poised to gain from open banking
Consumers are concerned about data security in open banking: Data security is the key to unlocking open banking for consumers
A digital strategy can start with financial documentation: Sponsor insights: The growing need for digital tools in financial services
Digital investments could have a big impact on bank’s bottom line: Financial institutions see huge payoffs for digital investments
Risk models still require the human touch: AI replacement of current risk models “a long way” off
Organizing the bank around customer data: Banks need to be technology giants
AI is making “Nudge” techniques even better: AI, behavioural economics and marketing converge
Global Financial Innovation Network announced launch of a pilot program: Regulators open global sandbox
The benefits of a collaboration between insurance companies and insurtech: Why insurtech and incumbent insurers should cooperate
Insurance companies need the right data and the right tools to use that data: Better data, better business: Quality and consistency is key
A look at digital trends for 2019: Digital trends 2019: Every single stat you need to know about the internet
The Cayman Islands could become a hot-spot for digital asset projects: Cayman’s laws well equipped for maturing digital asset market
High-net-worth topics
Helping the high-net-worth spend their money: Merrill Lynch is creating a guide to help wealthy people choose how to spend their money, and there are only 4 options
Business titans express a more cautious tone at Davos: Business elite at Davos strike somber tone this year: ‘Everybody’s a little depressed’
How the high-net-worth can cope with potentially higher taxes: Richest in US have a few tricks to avoid democrats’ tax plan
Polls & surveys – What financials are saying
Global credit facing headwinds in 2019 (Moody’s): Global credit conditions weaken: Moody’s
ETF assets will continue to grow over the next five years (BMO GAM): Global ETF industry set to surge in five years – but not as much as Canada
Debt inhibiting purchasing decisions of Canadians (Angus Reid): How debt is interfering with clients’ plans
RRSP savings have risen, led by millennials (BMO): RRSP holdings increase, driven by millennial savers: BMO study
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.
Top tips for delivering your portfolio manager commentaries faster
Having worked on tens of thousands of portfolio manager commentaries over the past decade, our firm has developed a number of best practices for producing commentaries better and faster than anyone else.
Here are some great tips we recommend you try before your next commentary run (and there’s always a commentary run around the corner).
Have all the info you need handy
A spreadsheet with full fund & portfolio manager/sub-advisor names, up-to-date benchmark(s), attribution info, etc. should be maintained throughout the year. Having all this information is key to producing commentaries faster.
Ensure you have a complete understanding of commentary needs
Knowing details like the number of commentaries, the word count for each and the audience (i.e., retail, advisor, institutional) will help you get prepared for the next run, including your staffing and training needs.
Speaking of staffing
It’s a good idea to know exactly how many people you’re going to need to help get things done. This can include internal and external writers, editors and project managers, as well as anyone you’ll need for reviews and approvals.
Prepare a well-thought-out and achievable workback schedule
This is a key component to ensuring requests go out, due dates are maintained and required approvals can be managed.
Notify the portfolio manager or sub-advisor of dates/needs
They may have a vacation coming up and/or manage a number of different mandates. Let them know exactly what you’ll need from them and when, as early as possible so they can manage all their deliverables.
Keep a running style guide that includes grammatical & wording preferences
Make sure the entire team has access to this style guide so they can refer back to it often. This ensures that no matter how many people are working on your commentaries, everyone is singing from the same song sheet.
Know what compliance is looking for
This knowledge will help you avoid having to spend lots of time adding required content and/or removing offending language. Any feedback or direction you receive can be added into your running style guide.
Find common ground
When allowable, it can help to recycle information within different fund commentaries. A good example is reusing some macroeconomic information for similar geographic regions, asset classes, etc. You can save time and money by not having five different writers say that the Fed raised interest rates during the period.
Ext. Marketing Inc. is the global leader in the production of portfolio manager commentaries. In fact, the ext. team produced over 1,500 unique monthly, quarterly, semi-annual and annual portfolio manager commentaries for our global clients in the financials space in July 2018 alone.
Need help producing better, faster commentaries? Contact us today at info@ext-marketing.com.
Monday morning briefing – November 26. 2018
The names you need to know in fintech. Activist investors in Europe keying in on the U.K. industrials sector. Why states around the world should consider issuing cryptocurrencies supported by their central bank. 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 rises again:Canada inflation ticks up, central bank seen keeping rates steady
Japan’s economy contracts in the third quarter: Japan GDP: Natural disasters hit economic growth
Could there be changes to the BoC’s mandate to keep prices stable?: Bank of Canada plans thorough review of inflation targeting
Protecting your portfolio against the next recession: The next recession is coming: Here’s how to protect your portfolio
A look at the currency market: How currency differs from other asset classes
Canadian ETF assets fell in October: Canadian ETF assets lower in October
The number of distinct indexes rose by 12% in 2018: Number of indexes on the rise, led by fixed income: report
Sir Ronald Cohen on the importance and outlook for impact investing: Impact investing: A multitrillion-dollar market in the making
Businesses should focus on the new, “circular economy”: ING Portfolio focuses on financing for sustainable economy
On the pulse – New frontiers in fintech
Fully transitioning to digital is much more than just a mobile app: Are you really ‘doing digital’?
Customer centricity vital for the banks of the future: It pays to be personalised
How to manage your cloud infrastructure: Managing cloud infrastructure post-migration – a CTO guide
The names you need to know in fintech: Fintech finance’s power players
Technology could help private bankers become more productive: Making private bankers more productive
Open banking not well known or understood by end consumers: Open banking slow burn means just 22% of consumers have heard of the concept
Starling Bank launches Client Money Accounts, helping professional practices that hold money on behalf of their clients: Starling Bank launches CASS-compliant accounts helping firms manage third-party funds
Regtech will be an important component for the future success of financial institutions: Saxo Bank on why regtech is key to scalability in financial services
How to be innovative in the insurance industry: How to become an innovator in insurtech
Capital One purchases WikiBuy: Capital One buys online shopping comparison startup
Many firms don’t believe that they are resilient enough to combat cyberattacks: Cyber security implementation: firms want it, but less do it, finds survey
BitSpread launches BitSpread Financial Solutions, designed for investing in blockchain assets: BitSpread launches new financial solutions division
Why states around the world should consider issuing cryptocurrencies supported by their central bank: IMF: Nations need to consider a central bank backed cryptocurrency
Cryptocurrencies may not be banned in India: A ray of hope for cryptocurrencies as India readies draft regulations
News and notes (U.S.)
The Barclay CTA Index fell in October: Barclay CTA Index loses 1.29 per cent in October
Hedge fund assets fell to $3.06 trillion in September: Hedge funds redemptions surge to $39.1 billion in September, highest in more than 5 years
Management expenses no longer a tax break for hedge fund investors: Hedge fund investors lose key tax break for management expenses
Activist investors in Europe keying in on the U.K. industrials sector: Industrials are No1 target sector for activist investors in Europe
Secondaries still generating a lot of interest: Why secondaries fundraising is surging
Morgan Stanley launches new advisory platform, WealthDesk: Morgan Stanley unveils new advisory platform
AllianceBernstein to purchase Autonomous Research: AllianceBernstein announces offer to acquire Autonomous Research
Further trade tensions between the U.S. and China could hurt the stock market: Expect more stock market losses if US-China trade war worsens
Long-term funds experienced $29.1 billion of outflows in October: Morningstar: Passive equity funds gain, actives lose big
An interview with Abigail Johnson and Kathleen Murphy of Fidelity: The most powerful woman in fund management gives a rare interview
High-net-worth topics
High-net-worth investors expect further equity market declines: The equity party’s ending, say wealthy investors
How Tiger 21 helps the ultra-rich: Tiger 21 philosophy: Learn from your (very wealthy) peers
Life insurance can help reduce estate taxes, but not eliminate taxes entirely: Can HNW clients still use life insurance as a tax and financial tool?
Polls & surveys – What financials are saying
Canadian investors have trouble understanding the concept of risk and return (Natixis): Investors may have an unrealistic understanding of risk and return: survey
Over the next 25 years, $68 trillion of wealth will be passed on to younger generations (Cerulli): Generational wealth transfer to hit $68 trillion over 25 years: Cerulli
Correlating share value with ESG ratings (MSCI): Are ESG ratings the new credit rating for stock prices?
For financial marketing and investment commentary help, contact us at 1.844.243.1830 or info@ext-marketing.com.
5 reasons why investment commentaries aren’t so bad
Here’s a widely held belief: investment commentaries get in the way of the more high-profile initiatives that first attracted you to marketing.
In many respects, that’s true. But we think there’s more to the story. While working on investment commentaries won’t likely lead to any awards, it’s a great way to learn about the industry and become a better marketer.
1. Learn more about the industry
Working on investment commentaries is a crash course on the investment industry.
For people newer to the industry, you’ll learn about management styles, benchmarks, how the markets work, the impact of macroeconomics and much, much more.
For more experienced industry professionals, involvement in investment commentaries makes regulatory changes a part of your day-to-day work. Admittedly, not the most exciting proposition. This regulatory awareness, however, helps you think about broader industry trends and how they may impact your profession in the future.
“Regulatory awareness, however, helps you think about broader industry trends and how they may impact your profession in the future.”
2. Expand your network
Every company has a different group of people working on investment commentaries. Trust us, there’s no universal template.
And while that leads to some practical challenges, it presents a great opportunity – you’ll get to work with a diverse group across your company, from legal and compliance to marketing, investments and product.
There’s a little piece of irony here. Investment commentaries appear to be a low-profile task, but they’re very high profile among certain teams within your organization. So, if you want to grow your network, working on investment commentaries is a good way to go about it.
“Investment commentaries, such as MRFPs, appear to be a low-profile task, but they’re very high profile among certain teams.”
3. Work under pressure
Month after month, quarter after quarter, year after year, disparate teams all across the world pump out investment commentaries. The timelines are tight and effective communication is essential to get the job done right.
Calm, clear thinking is required from everyone on the team, as is a commitment to detail orientation.
These “soft” skills flourish under the ticking clock of an investment commentary project and they transfer over to all other marketing endeavours that you’ll take on.
4. Write for a new audience
If you’re a financial services copywriter, investment commentaries may open your work up to a completely new audience.
Whereas most marketing materials are geared toward retail investors, a significant number of institutional investors (and other distribution channels) will read about your firm’s solutions through investment commentaries.
Institutional writing is higher stakes and the writing can be snappier and more technical. It also provides you with the opportunity to include some of that jargon you try to avoid when writing for a retail audience.
“Institutional writing is higher stakes and the writing can be snappier and more technical.”
5. Focus on process
Investment commentaries are among the most process-driven financial services marketing projects.
We write, edit and project manage investment commentaries for a significant number of the world’s largest financial services firms. As such, we’re always learning about new ways to improve our clients’ processes.
Do you want to produce better investment commentaries? We can help. Contact us at 1.844.243.1830 or info@ext-marketing.com.
Prepping for commentary season – get your facts in order
Investment commentaries involve content from a wide variety of sources including your communications, product, investments and fund accounting teams. They also need numerous reviews and approvals, and have non-negotiable timelines.
That’s why investment commentaries can be a stressful project for many people. To make the process as streamlined as possible, it helps to compile some key information in one document – and as early in the process as possible.
“Compile … key information in one document – and as early in the process as possible.”
It’s worth taking the time to create a reliable reference list that includes full and correct information for things that need to be precise, or that need to be checked often.
The Fund Info List
While this is not an exhaustive rundown, here are some essential elements of the Fund Info List:
Use exact fund names. Is it Short Term Bond Fund or Short-Term Bond Fund? Global Income Growth Fund or Global Income and Growth Fund? Be sure to update this list with any new mandates or name changes. And don’t forget that the Simplified Prospectus is often the best place to confirm full names.
Be precise with benchmark names. Index names, such as the BofA Merrill Lynch 1-3 Year Treasury Index, are very difficult to check against external sources as every company seems to apply its own style. Total return indexes, which are sometimes shortened to TR, are also notoriously inconsistent.
Keep an exact list of portfolio manager and sub-advisor names, and update it regularly, since sub-advisors do change fairly often and companies’ legal names do as well.
Again, the more exact the list of underlying funds, the easier it will be to cross-reference your information. If your company offers Funds, Classes and Pools, this becomes an even higher priority.
Track the inception date of funds. This information will help your writers know how to position the attribution information in the commentaries.
What to do with your Fund Info List
You’ve put together all correct info. Now what?
- Share this list with your writers, editors, reviewers – and anyone else who may need to use or check this kind of information. Be careful to allow only a few individuals at your company to update this list when necessary, as it loses its value if it’s not reliable
- It’s a good idea to include your Fund Info List in (or in the same folder as) your company style guide
- If you also produce material in another language, a version of this list with your company’s chosen terminology will be invaluable for translation
“Be careful to allow only a few individuals at your company to update this list when necessary, as it loses its value if it’s not reliable.”
And remember: it’s not just the facts but also the language you use that matters! So, if using the right language is a concern, read Using plain language in your financial writing.
We specialize in producing high-quality investment commentaries for some of the world’s largest financial services firms and we can help your company too.
Contact us today at 1.844.243.1830 or info@ext-marketing.com to get your investment commentary process running smoothly and efficiently.
From FOMO to tweetstorm, how to handle newer words in your firm’s content
The English language is constantly evolving – and that’s a wonderful thing.
It also means that new words are constantly entering the lexicon, which can confuse readers unless these words are introduced properly.
So, should you add that new word to your writer’s vocabulary? The answer depends on who you’re writing for.
The difference between young adults and tweetstorms
The terms “young adult” and “live blog” were just added to the Oxford English Dictionary in 2013, but you wouldn’t bat an eye at seeing them in print today. In fact, by the time a new term makes it into the dictionary, it’s generally already in common use.
On the other hand, just because you can find something in the dictionary, doesn’t mean it belongs in your writing.
Whether you’re writing a formal whitepaper or an informal blog post, you can feel pretty comfortable about using the term “young adult” at this point.
But what about “tweetstorm,” “crowdsourcing” or “FOMO”? Even if you’re sure your audience will understand these newer terms, most formal types of communication aren’t quite ready for them.
If you’re aiming for a friendly, conversational tone, go ahead and use newer terms to liven up your writing. Just be sure that the term is relevant and that you always define it in first use if you’re audience won’t understand it. (You may need to point out that FOMO means “fear of missing out.”)
Go ahead and use newer terms to liven up your writing. Just be sure that the term is relevant and that you always define it in first use if you’re audience won’t understand it.
New words in formal prose
Even in a more formal context, new words enter the lexicon. We’re seeing terms like “blockchain” and “regtech” increasingly showing up in whitepapers and brochures. These aren’t terms most people were familiar with a few years ago, but now they’ve entered the mainstream.
That means avoiding them in your writing could be a challenge. And if you’re in the financial services industry, it wouldn’t make much sense. Do, however, take the time to define these types of newer terms unless you’re sure your audience will know what they mean.
Remember that people outside of your industry may need more time to pick up industry-specific terminology.
Looking for writing help? Contact us at 416.925.1700, 844.243.1830 or info@ext-marketing.com.
Get mindful about your hedge fund marketing
Launching and managing a hedge fund pulls you in many different directions. You’re juggling countless priorities, such as performance goals, research and analysis, meetings and conference calls, just to name a few. It’s hard to take a step back to gain perspective while all of this is going on.
Here’s the challenge: if you’re looking to create great marketing materials for your hedge fund – which you’ll need to do to succeed in this challenging environment – you need a deeper perspective. That’s where mindfulness comes in.
Mindfulness is about connecting with the present moment and making sense of the ongoing stress in our personal and professional lives.
Practicing mindfulness helps you redirect your focus, allowing you to regain awareness of your body, mind and environment. “Mindfulness means being awake. It means knowing what you are doing,” said Jon Kobat-Zinn, better known as the founder of modern mindfulness.1
Mindfulness and hedge fund marketing go hand in hand. Here’s how:
Helps view your fund from investors’ eyes
Great marketing speaks directly to your audience, typically investors and allocators. You need to see the features and benefits of your hedge fund from their eyes, not just your own.
Because mindfulness helps you slow down and be present, it helps you detach from conflicting points of view and lets you see your fund through a different lens.
“Learn to train your mind like you train you body, and begin to re-wire your brain to be more calm, more productive, more creative.” –Kirstin Broderick, Founder, North Scale, Leadership Development and Performance Management Training
Sharpens your focus on key messages
Marketing focuses your message on the most compelling aspects of your offering, better known as your unique value proposition or “edge.” This can be tough if you’re too deeply involved in the nitty-gritty of managing your fund.
Mindfulness, however, redirects your point of view and, in turn, helps you isolate the key messages that you want to your audience to understand.
Nurtures your creative marketing side
Given that mindfulness makes you more aware, you may be compelled to eat better and take more breaks. It also slows down your thoughts and nervous system, helping you avoid excessive stress.
Ultimately, it strengthens your body and mind, and re-energizes your creative efforts, which are key to effective hedge fund marketing.2
Contact us at 1.844.243.1830 or info@ext-marketing.com for a deeper perspective on your hedge fund marketing efforts.
1 Jon Kabat-Zinn, Wherever You Go, There You Are: Mindfulness Meditation in Everyday Life, 2005.
2 Thrive Global, How Mindfulness Can Change Your Marketing Activities as An Entrepreneur Forever, 2017.