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As recessionary darkness passes, dividends rise and shine
Hear that? That's the sound of no major dividend cuts this earnings season.It's a welcome relief from past quarters when dividend stalwarts such as General Electric announced earnings were too weak to pass along the normal payout to shareholders.
BMO rolls out new ETFs as it stakes out market
FINANCIAL SERVICES REPORTERBank of Montreal, the country's newest entrant to the exchange-traded fund business, will officially launch nine new ETFs today to stake out its territory in this fast-growing segment.
Latest horror flick: Attack of the Bond Market
Halloween approaches, which means it's a fitting time to talk about a potential horror movie sequel that'll just kill you if you hated the stock market downturn.
Latest horror flick: Attack of the Bond Market
Halloween approaches, which means it's a fitting time to talk about a potential horror movie sequel that'll just kill you if you hated the stock market downturn.Working title: Nightmare on Bay Street II, Attack of the Bond Market.
Riding the storm
Spotlight Hanif MamdaniHead of Alternative Investments,PHandN and RBC Asset Management, VancouverRemember when your significant other was away and you cleaned the house, made those niggling repairs and lost eight pounds? As if that would ever happen. But 43-year-old Hanif Mamdani pulled off a rare feat during last year's market bust: He made money as rival hedge fund managers steered their Boxters into walls. The series A units of PHandN's Absolute Return Fund posted a one-year return of 35.5% to July 31, compared with a 17.7% decline in the SandP/TSX Total Return index. He spilled the beans to me recently about his strategy-past and future.
My, what a difference five months can make
swon@globeandmail.comWHAT ARE WE LOOKING FOR?How much financial services funds have snapped back in the recent stock market rally.At the end of February, the year-to-date returns of this asset class were mired in red ink with losses as high as over 30 per cent for AIC Global Advantage Fund.
Battered, but bouncing back
Stock funds were clobbered last year amid a global credit crisis and ensuing economic downturn. But some equity funds have rebounded nicely and beat their benchmark indexes for the first six months of this year. We talked to managers of five comeback funds to find out how they did it, and their outlook for the markets.
Funds take greater role as activist shareholders
INVESTMENT REPORTERMutual funds are becoming increasingly aggressive in voting against company management and using annual general meetings to push socially responsible agendas.''You are seeing a less friendly attitude toward director nominees, for one thing,'' said Laura O'Neill, director of law and policy for the Shareholder Association for Research and Education. ''It's a relatively positive sign that shows some movement toward a more critical approach to management.''
Dividend lovers take note
INVESTMENT REPORTER Attention dividend investors: You haven't missed the boat.True, the stock market has been on steroids since hitting its March lows, but there are still plenty of juicy dividend yields out there.
BMO's new ETFs: Timely addition or no big deal?
rcarrick@globeandmail.comNew exchange-traded funds? Yawn. The North American ETF industry seems to churn out a new product every day, on average.A big Canadian bank getting into the ETF business? Now, that's interesting for a couple of reasons.
