Ideas & Insights Our Advisors Our Teams Resources White Papers eBook Market Statistics Model Portfolios Important Documents Recommended Readings Calculators What We Do Who We Are Our Story Our Board Members Management Team Governance & Internal Controls Compliance Safe-Keeping your Assets World Class Partners Research Department Perspective Newsletter Careers Contact Us Raymond Kerzérho CFA, Director of Research Raymond contributes to PWL with his thirty years of experience in investment strategy and fixed income portfolio management. Ideas & Insights Team Contact Menu Ideas & Insights Team Contact Raymond contributes to PWL with his thirty years of experience in investment strategy and fixed income portfolio management. A passionate blogger, he writes a monthly column in French-language newspaper Les Affaires and hosts the French podcast “L’investissement Décomplexé”. Raymond also teaches finance part-time at McGill University. Contact Raymond Kerzérho Market Research Raymond Kerzérho Currency Hedging of S&P500 Funds: A Deeper Dive PWL Capital 2020-12-18T09:00:36 December 18, 2020 In a previous blog post, I had estimated that the residual currency effect (RCE) of Canadian-listed S&P500 funds has cost investors 0.99% since January 2000 and 0.67% since May 1993 Personal Wealth Raymond Kerzérho S&P 500 ETFs: To hedge or not to hedge, that is the question 2020-08-28T15:07:13 August 28, 2020 Few Canadian investors question the benefits of diversifying their foreign stock portfolios. The ETF market now offers investors the opportunity to invest in baskets of U.S. and international equity securities at practically paltry management fees. Personal Wealth Raymond Kerzérho 2020 – Mid-Year Economic and Financial Commentary 2020-07-23T14:07:02 July 23, 2020 The first half of 2020 was one of the most volatile on record. Bear equity markets usually last over a year. The bear market of 2020 — if it is confirmed to be over — will have lasted 39 days and was followed by a rapid recovery. Market Research Raymond Kerzérho New evidence in favour of total market index funds (not that we needed it!) 2020-06-18T09:35:51 June 18, 2020 How’s your portfolio holding up in volatile 2020? For many investors, it depends on what they have in there. Personal Wealth How reliable is your dividend income in a recession? 2020-04-17T15:43:24 April 17, 2020 Over the past couple of weeks, the stock market has recovered some of the ground it lost when the seriousness of the COVID-19 crisis became clear. We don’t know where the markets will go from here, but one thing investors have always been able to count on is dividend income. Research Department IIROC AdvisorReport Ideas & Insights Our Advisors Our Teams Resources All Resources White Papers eBook Market Statistics Important Documents Model Portfolios Recommended Readings Calculators Checklists What We Do Who We Are Our Story Our Board Members Management Team Governance & Internal Controls Compliance World Class Partners Research Department Contact Us Client Login PWL Wealth Centrenew My Portfolio + FR
Market Research Raymond Kerzérho Currency Hedging of S&P500 Funds: A Deeper Dive PWL Capital 2020-12-18T09:00:36 December 18, 2020 In a previous blog post, I had estimated that the residual currency effect (RCE) of Canadian-listed S&P500 funds has cost investors 0.99% since January 2000 and 0.67% since May 1993
Personal Wealth Raymond Kerzérho S&P 500 ETFs: To hedge or not to hedge, that is the question 2020-08-28T15:07:13 August 28, 2020 Few Canadian investors question the benefits of diversifying their foreign stock portfolios. The ETF market now offers investors the opportunity to invest in baskets of U.S. and international equity securities at practically paltry management fees.
Personal Wealth Raymond Kerzérho 2020 – Mid-Year Economic and Financial Commentary 2020-07-23T14:07:02 July 23, 2020 The first half of 2020 was one of the most volatile on record. Bear equity markets usually last over a year. The bear market of 2020 — if it is confirmed to be over — will have lasted 39 days and was followed by a rapid recovery.
Market Research Raymond Kerzérho New evidence in favour of total market index funds (not that we needed it!) 2020-06-18T09:35:51 June 18, 2020 How’s your portfolio holding up in volatile 2020? For many investors, it depends on what they have in there.
Personal Wealth How reliable is your dividend income in a recession? 2020-04-17T15:43:24 April 17, 2020 Over the past couple of weeks, the stock market has recovered some of the ground it lost when the seriousness of the COVID-19 crisis became clear. We don’t know where the markets will go from here, but one thing investors have always been able to count on is dividend income.