Blog: Cutting Through the Noise

Industry News + Views

Trailer Park Bullies

Excerpt from Tom Bradley's blog on April 22, 2014

I’ve grumbled in this space numerous times that the mutual fund industry is stuck in the dark ages. Its automatic response is to resist change and improvement. Meanwhile, the world moves on and clients find other ways to invest (ETFs being one example). While ...

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Only 300?

Excerpt from Tom Bradley's blog on April 17, 2014

TD ran a large ad in the Report on Business yesterday. It shouted: Get up to 300 free “I’m feeling more confident” trades. Are you kidding me? 300 trades. I’m not sure I’ve done 300 trades in 31 years in the business. Is this a reflection of where we are in the cycle (I’m feeling more confident) or is TD encouraging its clients to do some high frequency trading of their own. 300 trades. Really?

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BRIC - Rest in Peace

Excerpt from Tom Bradley's blog on March 31, 2014

BRIC is an acronym for Brazil, Russia, India and China. It was created by Jim O’Neil, the Global Economist at Goldman Sachs (who became a celebrity in the business press as a result). BRIC was meant to symbolize the shift in economic clout from the developed ...

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China - How Slow is Slow?

Excerpt from Tom Bradley's blog on March 27, 2014

“The potential growth rate has fallen to 7-8 per cent, partly because of a shrinking labour force; excess capacity has become massive even by Chinese standards; financial risks have risen, driven by excessive local authority borrowing, housing bubbles and growth ...

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Wait for an Executive-driven Model

Excerpt from Tom Bradley's blog on March 24, 2014

I generally don’t go through prospectuses of new issues. Scott put one in front of me last week, however, and it made me wonder if I’ve been missing out. The document, which was related to the PIMCO Global Income Opportunities Fund, had all kinds of ...

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Appetite for Disruption

Excerpt from Scott Ronalds's blog on March 17, 2014

Remember the days of trotting down to the video store to rent a movie? You’d hope the flick you wanted to see was still available, then grab a copy of the box, wait in line at the counter, whip out your membership card, grab a bag of Twizzlers and fork over ...

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Playing Both Sides

Excerpt from Tom Bradley's blog on March 13, 2014

In the Report on Business on Monday, there was an article on a case playing out in the U.S. courts that involved RBC. It reinforces my previous comments with regard to the sliding standards of conduct that exist in the investment banking arena ...

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Mind the Gap

Excerpt from Scott Ronalds's blog on March 6, 2014

Timing the market is a mug’s game. You might get it right once or twice, but over the long term, switching in and out of funds based on recent returns and ‘expert’ forecasts will likely do your portfolio more harm than good. The proof? Look no further than Morningstar's ...

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Morningstar Stewardship Grades

Excerpt from Scott Ronalds's blog on February 18, 2014

Morningstar recently updated our Stewardship Grade for 2013. Once again, we scored an ‘A’, and were one of only three firms to receive the top grade. Morningstar is a leading provider of independent investment research. They first introduced Stewardship ...

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The Federal Budget

Excerpt from Tom Bradley's blog on February 13, 2014

From a post I did in October: Whenever I go through a government budget document, I’m always struck by how similar governments are to low (profit) margin, debt burdened companies. Small changes to the inputs into the budget calculations can have ...

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Go Canada Go!

Excerpt from Tom Bradley's blog on February 12, 2014

It’s a great time to be a homer. Who isn’t pulling for Canada to do well in Sochi – Alex and Mik, the sisters, 3-2 over the Americans this morning ... Canadians have lots of experience being homers, because they’ve done it for a decade now in their investment portfolios. Even though Canada accounts for only 4-5% of the value of the world’s stock markets, it makes up the vast majority of individuals’ portfolios ...

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ETF Sales - A Healthy Discussion

Excerpt from Tom Bradley's blog on February 4, 2014

I’ve been remiss in doing a follow-up to an article I wrote for the Globe and Mail a few weeks ago (clients come first). In it I made the point that ETF sales in Canada have been disappointing, despite all the hype and favourable press. As it turns out, the piece ...

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