Research Department

2017 Review

By Raymond Kerzérho · January 17, 2018 - 0 comments

2017 was a standout year, with accelerating global growth and positive returns in the equities and fixed-income markets. Global GDP picked up speed, advancing from average growth of 2.5% in recent years to 3.0%. The unemployment rate continued its downward trend in most developed countries. 

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Seven observations about General Electric

By Raymond Kerzérho · November 29, 2017 - 0 comments

General Electric — a New York Stock Exchange icon — fell off its pedestal in 2017, with a drop in share price wiping out over $100 billion in market value. Management even decided recently to reduce the per-share dividend by half. What do we know about GE’s history and what can we learn from it? Here are my observations.

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Bank of Canada rate: Does your portfolio force you to predict the unpredictable?

By Raymond Kerzérho · September 29, 2017 - 0 comments

This summer, the first increase in the Bank of Canada’s policy interest rate in seven years has triggered an avalanche of advice in the media. How should you react to the new context? Which investments should you sell? What should you buy? Experts are lining up to tell you what to do. And I’m sure you can’t wait to hear my opinion. What’s the best approach? The first step is understanding what it’s all about.

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Mutual Funds or Exchange Traded Funds?

By Raymond Kerzérho · May 12, 2017 - 0 comments

Mutual funds and exchange traded funds – or ETFs – are almost identical investment vehicles that allow you to acquire shares in an investment portfolio. The difference between them is that investors trade mutual funds directly with a fund company, while ETFs are traded on an exchange like stocks.

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