Outlook is bright for big exporter Germany

Germany faces a number of challenges—its population is getting older and its workforce will start to shrink from 2020 onwards. In addition, its largest export markets, including the U.S. and the U.K., are less and less willing to run large trade deficits with Germany. However,… Read More

Global recovery ushers in new opportunities

Most Canadian investors focus on stocks traded in this country and the U.S. That “home country bias” reflects their preference for familiar company names, but also the regulatory protections of Canadian and U.S. stock markets. However, we continue to recommend foreign holdings of as much… Read More

The best way to invest in France’s recovery

The May 2017 election of Emmanuel Macron as France’s new president ushered in a turnaround for the French stock market. Even so, the young leader will have to work hard to implement the tough reforms needed to further lift the French economy out of stagnation… Read More

New ETFs for the Canadian market

Here are three new ETF launches. Each uses “quanitative modelling.” That may make their investment approach sound scientific; however, in our view, it will likely detract from their long-term returns. Many ETFs that use a socalled “black box” to pick stocks find the approach works… Read More

What is Pat’s commentary for the week of May 12, 2015

One of the more reassuring aspects of today’s stock market is that investors generally are uneasy. They are apt to sell and push prices down on very slight provocation. After that, prices seem to go back up again.

Last week, for instance, U.S. Federal Reserve… Read More

Pat: I bought the iShares U.S. Small Cap Index ETF (CAD-Hedged) prior to subscribing to your Inner Circle service two years ago. I’m thinking of selling it, but before I do, could I get your opinion on it?

iShares U.S. Small Cap Index ETF (CAD-Hedged), $27.33, symbol XSU on Toronto (Units outstanding: 6.1 million; Market cap: $166.7 million; www.blackrock.com), aims to track the Russell 2000 Index (hedged against the Canadian dollar). The fund’s MER is 0.36%.

The Russell 2000 Index measures the performance of… Read More