By Alfred Lam, CFA, Senior Vice-President, and Co-Head of Multi Asset, CI Global Asset Management. The Tip of the AI Iceberg If you wake up tomorrow morning believing the world is about the same as today, you are probably missing something. We are seeing dramatic changes led by technological advancements, and the latest is artificial […]
Market Focus Canada’s standard of living continues to decline. Canada’s economic output was soft in 2023. Statistics Canada announced that, on a monthly basis, real gross domestic product (GDP) by industry expanded by 0.2% in November, following “flat” results in each of the previous three months. In addition, in this report the statistics agency provided revisions […]
The good start to 2024 continued for investors in February as equities had another positive month and Q4 2023 earnings season has been strong. Read the February 2024 Market Commentary here. Here’s a summary of the main events that steered the markets. Monthly market developments Despite dipping mid-month on a higher than hoped January U.S. […]
Alfred Lam, CFA, Senior Vice-President, and Co-Head of Multi Asset, CI Global Asset Management Our 2024 Wish List As we enter a new year, we consider the following a “wish list”: lower inflation, lower interest rates, higher investment value and, last but not least, peace! As inflation continues to decline, central banks have signaled their […]
By: Alfred Lam, MBA, CFA, Senior Vice-President, Co-Head of Multi-Asset Vice-President, Investment Strategy CI GAM Portfolio Management and; Richard J. Wylie, MA, CFA, Vice-President, Investment StrategyCI GAM Portfolio Management CI Assante Wealth Management What will happen to interest rates in 2024? Bank of Canada extends “pause” As can be seen in the graph above, the […]
By Stephen Lingard, MBA, CFA, Senior Vice-President, and Co-Head of Multi-Asset, CI Global Asset Management Pressure Continues to Build Equity implied volatility is in the mid-teens, suggesting a possibility that investors have become complacent. This is happening despite a relentless increase in market interest rates, which is slowly building pressure on the system. After a […]
By Matthew Strauss, Senior Vice-President, Portfolio Manager & Lead – Global Equities, CI Global Asset Management. Emerging Market Equities Are Well-Placed to Outperform After two years of underperformance, there was great hope as 2023 commenced that this would be the year where emerging market equities would outperform their developed market peers. The re-opening of the […]
Stephen Lingard, SVP, Co-Head of Multi-Asset, CIGAM Portfolio Management. Headline inflation has been the single biggest macro factor affecting financial markets over the past 18 months due to the resulting impact on global monetary policy. Central banks around the world have scurried to remove monetary accommodation by raising short-term policy rates at the fastest pace […]
By James Dutkiewicz, CFA, Senior Vice President, and Head of Fixed Income, CI Global Asset Management. Fixed Income Commentary The battle between slowing overall economic activity and stubborn inflation continues to rage in most geographies. Central banks in these regions have increased short rates very sharply over the past year. Generally, the results have been […]
By Alfred Lam, CFA, Senior Vice-President, and Head of Multi-Assets, CI Global Asset Management. A Smooth Start (for now) Investors’ appetites have increased as we entered 2023. Generally, at asset class level, the larger the loss in 2022, the larger the gain (recovery) in 2023, though this is only the data for January (see chart […]
