The COVID-19 Pandemic – Where Are We Now?

      By: Alfred Lam, CFA, Senior Vice-President and Chief Investment Officer Marchello Holditch, CFA, Vice-President and Portfolio Manager CI Multi-Asset Management   First and foremost, we hope you and your family are doing well. In many ways the COVID-19 pandemic has been a frustrating thing to go through, whether you are a child  Read more ➝

Portfolio Construction – Negative-yielding debt reaches $17 trillion

    Alfred Lam, CFA, Senior Vice-President and Chief Investment Officer Marchello Holditch, CFA, Vice-President and Portfolio Manager CI Multi-Asset Management   Negative bond yields occur when issuers of debt are paid to borrow. This unusual situation has taken financial markets by storm as negative-yielding debt recently reached an unprecedented $17,000,000,000,000 globally. What drives negative yields? The  Read more ➝

Beggar thy neighbour

  Alfred Lam, CFA, Senior Vice-President and Chief Investment Officer Marchello Holditch, CFA, Vice-President and Portfolio Manager CI Multi-Asset Management   A beggar-thy-neighbor economic policy is when one country attempts to remedy its economic problems by means that tend to worsen the economic problems of other countries. In the last few weeks, the trade war  Read more ➝

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Portfolio Construction – Central Bank Intervention

  Alfred Lam, CFA, Senior Vice-President and Chief Investment Officer Marchello Holditch, CFA, Vice-President and Portfolio Manager CI Multi-Asset Management   Since the financial crisis in 2008-09, the investment landscape has been dominated by one theme: central bank intervention or, more precisely, zero interest rates and increased money supply. Broadly speaking, sovereign debt, credit and  Read more ➝