Research Department IDEAS & INSIGHTS Res Menu IDEAS & INSIGHTS Res IDEAS & INSIGHTS Res Raymond is the Director of Research at PWL Capital. He rigorously analyzes PWL’s investment strategies and makes sure they are well supported by academic research. IIROC AdvisorReport Posted vs. Forward-Looking MERs PWL Capital 2021-10-20T15:01:08 October 20, 2021 ETFs and mutual funds report their Management Expense Ratio (MER) semi-annually in their Management Report of Fund Performance (MRFP). The reported MER is the sum […] Behavioural Finance Raymond Kerzérho How to control anti-return behaviour Oct 6, 2021 Behavioural Finance Market Research Raymond Kerzérho Reach the Top May 6, 2021 Market Research Market Research Raymond Kerzérho ESG Exchange Traded Funds: A few facts to help you navigate them Mar 24, 2021 Market Research Living in Retirement Rational Reminder Podcast Episode 135: William Bengen: The 5% Rule for Retirement Spending Feb 4, 2021 Living in Retirement Market Statistics – August 2017 Published: August 31, 2017 Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics for the month of August for the various Canadian, U.S. and international markets that we follow. Resources I'm looking for Market Statistics White Papers eBook Market Statistics White Papers eBook Market Statistics – August 2021 Market Statistics – July 2021 Market Statistics – April 2021 Market Statistics – March 2021 Market Statistics – February 2021 Market Statistics – January 2021 Market Statistics – August 2021 Published: October 5, 2021 All figures in CAD unless mentioned otherwise Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics […] Evidence Based Investing Market Statistics – July 2021 Published: August 16, 2021 All figures in CAD unless mentioned otherwise Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics […] Market Statistics – April 2021 Published: May 6, 2021 Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics for the various Canadian, U.S. and international markets that we follow. Contributors Evidence Based Investing Market Statistics – March 2021 Published: April 6, 2021 Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics for the various Canadian, U.S. and international markets that we follow. Contributors Market Statistics – February 2021 Published: March 10, 2021 Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics for the various Canadian, U.S. and international markets that we follow. Contributors Market Statistics – January 2021 Published: February 9, 2021 Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics for the various Canadian, U.S. and international markets that we follow. Contributors Market Statistics – August 2021 Learn More Market Statistics – July 2021 Learn More Market Statistics – April 2021 Summary Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics for the various Canadian, U.S. and international markets that we follow. Contributors Learn More Market Statistics – March 2021 Summary Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics for the various Canadian, U.S. and international markets that we follow. Contributors Learn More Market Statistics – February 2021 Summary Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics for the various Canadian, U.S. and international markets that we follow. Contributors Learn More Market Statistics – January 2021 Summary Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics for the various Canadian, U.S. and international markets that we follow. Contributors Learn More The Passive Vs. Active Fund Monitor (2021) Financial Planning Assumptions Financial Planning Assumptions The Passive Vs. Active Fund Monitor Expected Investment Returns The Value Premium: Fact or Fantasy? The Passive Vs. Active Fund Monitor (2021) Published: April 13, 2022 This report describes the competitive landscape for passively and actively managed funds from 2011 to 2020 in Canada, the United States and around the world. Contributors Personal Wealth Financial Planning Assumptions Published: March 17, 2022 In this paper we devise an evidence-based approach for setting expectations for stocks, bonds, bills, inflation, and housing for use in asset allocation and financial planning decisions. This paper marks an evolution in PWL Capital’s methodology which has been in use for more than half a decade. Contributors Personal Wealth Financial Planning Assumptions Published: October 21, 2021 In this paper we devise an evidence-based approach for setting expectations for stocks, bonds, bills, inflation, and housing for use in asset allocation and financial planning decisions. This paper marks an evolution in PWL Capital’s methodology which has been in use for more than half a decade. Contributors The Passive Vs. Active Fund Monitor Published: April 20, 2021 This report describes the competitive landscape for passively and actively managed funds from 2011 to 2020 in Canada, the United States and around the world. Contributors Evidence Based Investing Expected Investment Returns Published: February 19, 2021 This document is intended to provide up-to-date estimates of the expected returns of asset classes and portfolios for Canadian investors. The methodology underlying these estimates is outlined in a separate document1. Contributors The Value Premium: Fact or Fantasy? Published: November 24, 2020 The underperformance of value stocks relative to their growth counterpart in recent years has led many investors to question whether a value premium truly exists. Contributors The Passive Vs. Active Fund Monitor (2021) Summary This report describes the competitive landscape for passively and actively managed funds from 2011 to 2020 in Canada, the United States and around the world. Contributors Learn More Financial Planning Assumptions Summary In this paper we devise an evidence-based approach for setting expectations for stocks, bonds, bills, inflation, and housing for use in asset allocation and financial planning decisions. This paper marks an evolution in PWL Capital’s methodology which has been in use for more than half a decade. Contributors Learn More Financial Planning Assumptions Summary In this paper we devise an evidence-based approach for setting expectations for stocks, bonds, bills, inflation, and housing for use in asset allocation and financial planning decisions. This paper marks an evolution in PWL Capital’s methodology which has been in use for more than half a decade. Contributors Learn More The Passive Vs. Active Fund Monitor Summary This report describes the competitive landscape for passively and actively managed funds from 2011 to 2020 in Canada, the United States and around the world. Contributors Learn More Expected Investment Returns Summary This document is intended to provide up-to-date estimates of the expected returns of asset classes and portfolios for Canadian investors. The methodology underlying these estimates is outlined in a separate document1. Contributors Learn More The Value Premium: Fact or Fantasy? Summary The underperformance of value stocks relative to their growth counterpart in recent years has led many investors to question whether a value premium truly exists. Contributors Learn More When More is Less: Investment Lessons from U.S. Endowments Responsible Investing: Putting Your Money Where Your Values Are Evidence Based Investing When More is Less: Investment Lessons from U.S. Endowments Published: October 8, 2019 This paper explores research on the investment performance of U.S. endowments. It offers important insights for all investors, including those entrusted with responsibility of managing foundations, trusts and private wealth. Contributors Personal Wealth Responsible Investing: Putting Your Money Where Your Values Are Published: May 3, 2019 A growing number of Canadians want the way they invest their money to align with their personal values. They want to know the companies they invest in pay attention to the impact they have on the environment and their employees and communities, and that they are making decisions in an ethical manner. Contributors When More is Less: Investment Lessons from U.S. Endowments Summary This paper explores research on the investment performance of U.S. endowments. It offers important insights for all investors, including those entrusted with responsibility of managing foundations, trusts and private wealth. Contributors Learn More Responsible Investing: Putting Your Money Where Your Values Are Summary A growing number of Canadians want the way they invest their money to align with their personal values. They want to know the companies they invest in pay attention to the impact they have on the environment and their employees and communities, and that they are making decisions in an ethical manner. Contributors Learn More
Posted vs. Forward-Looking MERs PWL Capital 2021-10-20T15:01:08 October 20, 2021 ETFs and mutual funds report their Management Expense Ratio (MER) semi-annually in their Management Report of Fund Performance (MRFP). The reported MER is the sum […]
Behavioural Finance Raymond Kerzérho How to control anti-return behaviour Oct 6, 2021 Behavioural Finance
Market Research Raymond Kerzérho ESG Exchange Traded Funds: A few facts to help you navigate them Mar 24, 2021 Market Research
Living in Retirement Rational Reminder Podcast Episode 135: William Bengen: The 5% Rule for Retirement Spending Feb 4, 2021 Living in Retirement
Market Statistics – August 2017 Published: August 31, 2017 Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics for the month of August for the various Canadian, U.S. and international markets that we follow.
Market Statistics – August 2021 Published: October 5, 2021 All figures in CAD unless mentioned otherwise Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics […]
Evidence Based Investing Market Statistics – July 2021 Published: August 16, 2021 All figures in CAD unless mentioned otherwise Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics […]
Market Statistics – April 2021 Published: May 6, 2021 Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics for the various Canadian, U.S. and international markets that we follow. Contributors
Evidence Based Investing Market Statistics – March 2021 Published: April 6, 2021 Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics for the various Canadian, U.S. and international markets that we follow. Contributors
Market Statistics – February 2021 Published: March 10, 2021 Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics for the various Canadian, U.S. and international markets that we follow. Contributors
Market Statistics – January 2021 Published: February 9, 2021 Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics for the various Canadian, U.S. and international markets that we follow. Contributors
The Passive Vs. Active Fund Monitor (2021) Published: April 13, 2022 This report describes the competitive landscape for passively and actively managed funds from 2011 to 2020 in Canada, the United States and around the world. Contributors
Personal Wealth Financial Planning Assumptions Published: March 17, 2022 In this paper we devise an evidence-based approach for setting expectations for stocks, bonds, bills, inflation, and housing for use in asset allocation and financial planning decisions. This paper marks an evolution in PWL Capital’s methodology which has been in use for more than half a decade. Contributors
Personal Wealth Financial Planning Assumptions Published: October 21, 2021 In this paper we devise an evidence-based approach for setting expectations for stocks, bonds, bills, inflation, and housing for use in asset allocation and financial planning decisions. This paper marks an evolution in PWL Capital’s methodology which has been in use for more than half a decade. Contributors
The Passive Vs. Active Fund Monitor Published: April 20, 2021 This report describes the competitive landscape for passively and actively managed funds from 2011 to 2020 in Canada, the United States and around the world. Contributors
Evidence Based Investing Expected Investment Returns Published: February 19, 2021 This document is intended to provide up-to-date estimates of the expected returns of asset classes and portfolios for Canadian investors. The methodology underlying these estimates is outlined in a separate document1. Contributors
The Value Premium: Fact or Fantasy? Published: November 24, 2020 The underperformance of value stocks relative to their growth counterpart in recent years has led many investors to question whether a value premium truly exists. Contributors
Evidence Based Investing When More is Less: Investment Lessons from U.S. Endowments Published: October 8, 2019 This paper explores research on the investment performance of U.S. endowments. It offers important insights for all investors, including those entrusted with responsibility of managing foundations, trusts and private wealth. Contributors
Personal Wealth Responsible Investing: Putting Your Money Where Your Values Are Published: May 3, 2019 A growing number of Canadians want the way they invest their money to align with their personal values. They want to know the companies they invest in pay attention to the impact they have on the environment and their employees and communities, and that they are making decisions in an ethical manner. Contributors