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Tailwinds for the high-yield bond market
Synchronized global economic growth and healthy fundamental conditions make high-yield corporate bonds...
March 2018
Tailwinds for the high-yield bond market
Synchronized global economic growth and healthy fundamental conditions make high-yield corporate bonds an attractive choice for fixed-income investors, both in absolute terms and relative to investment grade alternatives. In this video, Dan Bastasic explains why he expects high-yield bonds to post a coupon-like total return of 5–6% for 2018, and discusses why recent market volatility has translated into buying opportunities for IA Clarington Strategic Corporate Bond Fund.
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- What is the state of the high-yield bond market? (Duration 0:55)
- What about the fundamentals? (Duration 0:40)
- What are your expectations for high-yield bonds in 2018? (Duration 0:35)
- What’s your outlook for U.S. interest rates? (Duration 0:45)
- Did you deploy cash during the February correction? (Duration 0:55)
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Equities have room to run
It wasn’t so long ago that investors feared the U.S. equity market was overheated and out of gas...
March 2018
Equities have room to run
It wasn’t so long ago that investors feared the U.S. equity market was overheated and out of gas. In this video, Dan Bastasic explains why he believes U.S. stocks have a good chance of posting another year of double-digit returns. He also discusses the key factors underlying the valuation gap between U.S. and Canadian equities, and when he expects that gap to begin closing. In the final segment of the video, Dan explains why he saw the February correction as opportunity to unwind some of his defensive cash positioning.
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Be selective as the cycle matures
In this video, Terry Thib explains why success in a maturing cycle requires...
March 2018
Be selective as the cycle matures
In this video, Terry Thib explains why success in a maturing cycle requires understanding which sectors are well positioned for rising inflation and interest rates, and which companies have the balance sheet strength and earnings growth potential to thrive in a more volatile market environment.
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Sticking to the discipline
It’s never easy to go against the crowd, but that’s exactly what Larry Sarbit does...
February 2018
Sticking to the discipline
It’s never easy to go against the crowd, but that’s exactly what Larry Sarbit does when his tried-and-true value-oriented process requires it. In this video, Larry discusses the reasoning behind the core tenets of his investment philosophy, and why sticking to his discipline leads him to see the current market as one that offers very few buying opportunities. He also explains why he believes concentrated portfolios are key to generating significant wealth.
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Disruption yields opportunity
Companies have been sitting on piles of cash for years, but they’ve been reluctant to use it...
February 2018
Disruption yields opportunity
Companies have been sitting on piles of cash for years, but they’ve been reluctant to use it for capital investment. In this video, Michael Kelly explains why this is beginning to change, why this disruptive shift will widen the gap between ‘winners’ and ‘losers,’ and why that increased competitive distance makes active credit selection especially important in the period ahead. Michael also offers his outlook for interest rates and inflation, and explains why the Fed may have a surprise in store for the market in the second half of 2018.
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Room to run for the equity markets
Synchronized global economic growth is likely to continue through 2019...
January 2018
Room to run for the equity markets
Synchronized global economic growth is likely to continue through 2019, and that’s good news for equities. In this video, David Taylor explains why he thinks the Canadian equity market is especially well positioned to benefit from the current economic environment, and why he expects it to outperform the U.S. over the next three years. He also discusses his outlook for commodities, value vs. growth, and why his funds may be an excellent choice for equity investors.
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- Can the global synchronized economic recovery continue? (Duration 0:25)
- Are Canadian equities still attractive? (Duration 0:50)
- What are your thoughts on commodities? (Duration 0:50)
- Will value outperform growth in 2018? (Duration 0:35)
- How have earnings been for the companies in your funds? (Duration 1:10)
- Why your funds and why now? (Duration 1:05)
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Overcoming headwinds in fixed income
With interest rates rising in Canada and the U.S., investors may no longer...
November 2017
Overcoming headwinds in fixed income
With interest rates rising in Canada and the U.S., investors may no longer be getting the yields they need from traditional fixed income. In this video, Jeff Sujitno explains how actively managed access to senior loans, collateralized loan obligations and asset-backed securities can help investors overcome the headwinds facing conventional fixed income. He also discusses his outlook for U.S. Federal Reserve interest rate hikes, the default environment for fixed income and why IA Clarington Core Plus Bond Fund has been outperforming.
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- Can you provide an overview of fixed-income returns YTD? (Duration 0:59)
- What is the biggest risk for the senior loan asset class? (Duration 1:45)
- What is the default environment for fixed income? (Duration 0:47)
- What are your expectations for interest rates? (Duration 1:03)
- Why has the IA Clarington Core Plus Bond Fund outperformed? (Duration 0:44)
- Why the IA Clarington Core Plus Bond Fund? (Duration 0:46)
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Diversifying fixed income across regions and asset classes
In today’s challenging income environment, investors should consider...
November 2017
Diversifying fixed income across regions and asset classes
In today’s challenging income environment, investors should consider expanding their opportunity set to include a wider range of geographic regions and asset classes. In this video, Steven Oh provides insight on some of the regions and asset classes he believes can help investors achieve the meaningful income streams they may not be getting from traditional sources. He also discusses his outlook for U.S. interest rates and explains why the recently launched IA Clarington Global Bond Fund may be an attractive option for income-seeking investors.
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- What are your current expectations for U.S. interest rates as we head into Q4 and 2018? (Duration 0:35)
- What are some fixed-income asset classes that you currently find attractive? (Duration 0:38)
- Why do you believe CLOs are a compelling opportunity? (Duration 0:44)
- What is your view on emerging market debt? (Duration 0:53)
- How have fixed-income markets evolved over the last decade? (Duration 1:08)
- Why the IA Clarington Global Bond Fund, and why now? (Duration 0:51)
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Fixed-income diversification and yield enhancement
Emerging market debt has become an attractive asset class for investors seeking meaningful...
November 2017
Fixed-income diversification and yield enhancement
Emerging market debt has become an attractive asset class for investors seeking meaningful yields in today’s challenging income environment. In this video, Anders Faergemann explains why and identifies areas in emerging market debt where he sees opportunity. He also discusses how emerging market debt has historically performed when the U.S. Federal Reserve raises interest rates and how his team’s nimble, dynamic approach to asset allocation can help investors capitalize on opportunities and avoid excessive risk.
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- How has the market for emerging debt evolved? (Duration 0:46)
- Why are institutional investors looking at emerging market debt? (Duration 0:45)
- Are the rewards worth the risk? (Duration 0:40)
- How will rising interest rates affect emerging market debt? (Duration 0:25)
- Where are the opportunities? (Duration 0:58)
- Why emerging market bonds now? (Duration 0:40)
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Moving beyond boundaries in global fixed income
Traditional sources of yield are not providing the income streams many investors need...
November 2017
Moving beyond boundaries in global fixed income
Traditional sources of yield are not providing the income streams many investors need. In this video, Michael J. Kelly explains how an unconstrained approach to global fixed income can help investors generate meaningful yields in today’s challenging environment. He also identifies some of the geographic regions and asset classes where he sees opportunity, and provides his outlook for interest rates and inflation.
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- What is your view on interest rates? (Duration 1:13)
- What is your view on inflation? (Duration 0:28)
- Where are we in the credit cycle? (Duration 1:21)
- Where are there opportunities beyond traditional boundaries? (Duration 1:13)
- What is your view of senior loans? (Duration 0:55)
- Why a global unconstrained fixed-income approach now? (Duration 1:03)
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Exploring global trends and opportunities
What are the global super trends that will drive capital markets in the coming years?...
November 2017
Exploring global trends and opportunities
What are the global super trends that will drive capital markets in the coming years? In this video, Tyler Mordy offers his perspective and explains how he is positioned to capitalize on what he believes are significant opportunities for long-term growth. He offers his outlook on China and emerging markets, and outlines why he favours European equities. He also identifies the non-traditional sources of income he believes can add value to investor portfolios.
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Perspectives on today’s economy
In this video, iA Financial Group Chief Economist Clément Gignac offers perspective...
November 2017
Perspectives on today’s economy
In this video, iA Financial Group Chief Economist Clément Gignac offers perspective and insight on some of the most important macroeconomic trends impacting investors today. He explains why inflation is lagging the broad global recovery, and offers his outlook on central bank policy in Canada and the U.S. Clément also explains why he likes Canadian and EAFE stocks against the backdrop of overheating U.S. equity valuations, and discusses what he’s doing to protect against downside risk.
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- Why has inflation remained subdued despite the global economic recovery? (Duration 1:05)
- What is your outlook for U.S. interest rates? (Duration 0:45)
- Do you agree with the Bank of Canada’s decision to raise interest rates? (Duration 0:46)
- What is your outlook for the Canadian dollar? (Duration 1:15)
- Any recent asset allocation changes to your funds? (Duration 0:52)
- Are you staying defensive in your funds? (Duration 0:55)
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Optimistic on the markets
In this video, Andrew Simpson and Jeffrey Lew explain why their rigorous, integrated process...
November 2017
Optimistic on the markets
In this video, Jeffrey Lew and Andrew Simpson explain why their rigorous, integrated process, which pairs Environmental, Social and Governance (ESG) factors with research-intensive bottom-up analysis, suggests attractive opportunities in preferred shares and green bonds. They also highlight a recent European stock pick and present their outlook for U.S., Canadian and European equity markets, as well as monetary policy in Canada.
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- Were the recent interest rate hikes from the Bank of Canada justified? (Duration 0:32)
- What is holding back meaningful increases in U.S. Treasury yields? (Duration 0:26)
- Where are the opportunities? (Duration 0:28)
- What are green bonds and are they utilized in your portfolios? (Duration 0:49)
- What are your thoughts on U.S. equity valuations? (Duration 0:33)
- What are your thoughts on European equities? (Duration 0:46)
- What are your thoughts on Canadian equities? (Duration 0:57)
- Can you highlight a new position in the Fund? (Duration 0:40)
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Focusing on security-specific risk, not market risk
Index investors will likely find little to get excited about in the current fixed-income...
October 2017
Focusing on security-specific risk, not market risk
Index investors will likely find little to get excited about in the current fixed-income environment. But for active managers focused on security selection, there is plenty of opportunity if you know where – and how – to look. In this video, David Rolley explains why he sees potential for exceptional value in specific areas of emerging market debt. He also discusses Fed policy, the outlook for global inflation, structural hurdles to fixed-income investing with ETFs and more.
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- Was July 2016 the “bottom” for yields? (Duration 0:36)
- What is your view on future interest rate increases in the U.S.? (Duration 0:25)
- Why haven’t we seen a meaningful increase in global inflation? (Duration 0:49)
- Where are the opportunities? (Duration 0:45)
- What are your thoughts on using ETFs for fixed income? (Duration 1:48)
- Does the weakening U.S. dollar benefit emerging markets? (Duration 1:08)
- Why the IA Clarington Global Tactical Income Fund? (Duration 0:31)
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Perspectives on the North American equity markets
Canada’s equity market has recently been one of the worst performing in the world...
August 2017
Perspectives on the North American equity markets
Canada’s equity market has recently been one of the worst performing in the world. But where many investors see a reason to run for the exits, David Taylor sees potential for significant upside. In this video, David explains why Canada’s market has underperformed and why his funds are significantly overweight Canadian equities. He also discusses the recent Bank of Canada rate increase, why value is poised to outperform growth, and how his contrarian approach led him to see an opportunity in Home Capital Group.
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- What is driving the underperformance of Canadian equities? (Duration 1:48)
- Will value outperform growth? (Duration 0:43)
- Is the Bank of Canada raising rates too quickly? (Duration 0:41)
- How did your process uncover the Home Capital Opportunity? (Duration 1:06)
- How are the IA Clarington Focus Funds positioned for success? (Duration 0:53)
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A case for cautious optimism
Synchronized global economic growth and strong corporate fundamentals bode well...
July 2017
A case for cautious optimism
Synchronized global economic growth and strong corporate fundamentals bode well for high-yield corporate bonds over the long term. But a less positive technical picture could translate into a short-term correction. In this video, Dan Bastasic explains how he’s positioned and provides an update on his outlook for oil and inflation.
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- What is your outlook for high yield given current spread levels? (Duration 1:27)
- What is your outlook for the price of oil? (Duration 1:16)
- What is your outlook for inflation? (Duration 0:53)
- What is your outlook for the U.S. economy and how is that reflected in your portfolios? (Duration 2:04)
- Can you provide insight as to why you have elevated cash levels despite your bullish outlook on the economy? (Duration 1:46)
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Proceed with caution on the U.S. stock market
For Larry Sarbit, market history is full of lessons for those willing to learn them...
June 2017
Proceed with caution on the U.S. stock market
For Larry Sarbit, market history is full of lessons for those willing to learn them, and the lesson of extreme valuations is a simple one: be very careful. In this video, he explains what he’s currently seeing in the markets and what it takes for a business to make it into his funds. He also offers his thoughts on ETFs and provides an update on two of his favourite holdings.
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Finding opportunities in expensive markets
With major equity markets reaching all-time highs, investors are looking for answers...
June 2017
Finding opportunities in expensive markets
With major equity markets reaching all-time highs, investors are looking for answers on where they can turn for attractive opportunities. In this video, Brad Radin discusses why he believes global small and mid caps offer potential to generate attractive returns over the next five years. He also explains why the IA Clarington Global Opportunities Fund can be an excellent complement to investors’ core global equity allocations.
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Finding value in the small- and mid-cap space
iA Clarington portfolio manager Terry Thib discusses his positive outlook for the global economy...
May 2017
Finding value in the small- and mid-cap space
In this video, iA Clarington portfolio manager Terry Thib discusses his positive outlook for the global economy and why synchronized growth across key regions will likely support the equity markets. He also explains why the IA Clarington Growth & Income Fund was created and how its combination of small/mid-cap equities, alternative fixed income and option writing can complement investors’ core holdings.
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Optimism in the U.S. market
Pierre Trottier discusses why he believes the bull market in the U.S. will continue...
May 2017
Optimism in the U.S. market
Pierre Trottier discusses why he believes the bull market in the U.S. will continue and identifies sectors and companies that are likely to benefit from the current economic and interest rate environments. He also explains why he believes value will outperform growth.
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- Is the U.S. equity market overvalued? (Duration 1:09)
- Will value outperform growth? (Duration 0:51)
- What are some current investment themes in the Fund? (Duration 1:20)
- In what market environment would you use covered calls? (Duration 0:22)
- Should corrections be bought rather than sold? (Duration 0:23)
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Optimism in today’s economy
In this video, Clément Gignac shares his thoughts on the Canadian and U.S. economies and his expectations on U.S. Federal Reserve decisions for 2017…
March 2017
Optimism in today’s economy
In this video, Clément Gignac shares his thoughts on the Canadian and U.S. economies and his expectations on U.S. Federal Reserve decisions for 2017. He also discusses his views on currency, how he’s protecting against downside risk and what’s on his radar in the year ahead.
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- What is your view on the U.S. and Canadian economies? (Duration 1:02)
- What are you expecting to see from the U.S. Federal Reserve in 2017? (Duration 1:00)
- What are your thoughts on currency? (Duration 1:01)
- Are Canadian or U.S. equities more attractive right now? (Duration 1:07)
- What is on your radar for 2017? (Duration 0:45)
- How are you protecting against downside risk? (Duration 1:29)
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An integrated approach to building portfolios
In this video, the IA Clarington Inhance SRI Funds portfolio managers Andrew Simpson, Dermot Foley and Jeffrey Lew answer questions regarding opportunities for 2017...
February 2017
An integrated approach to building portfolios
In this video, the IA Clarington Inhance SRI Funds portfolio managers Andrew Simpson, Dermot Foley and Jeffrey Lew answer questions regarding opportunities for 2017, including Responsible Investing themes they are looking at, views on rising interest rates and how they are managing risk and the financial risks associated with climate change.
Video Chapters
- Where do you see opportunities in 2017? (Duration 0:48)
- What themes are you looking at in 2017? (Duration 0:56)
- Will interest rates continue to rise? (Duration 0:40)
- How are you managing interest rate risk in the Funds? (Duration 1:02)
- Is climate change a financial risk? (Duration 0:48)
- How does managing ESG risks contribute to the success of the portfolio? (Duration 1:15)
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An alternative view on U.S. equities
In this video, Larry Sarbit answers questions regarding the current environment for U.S. equities, including why he’s holding a high cash balance, his investment philosophy on cash…
February 2017
An alternative view on U.S. equities
In this video, Larry Sarbit answers questions regarding the current environment for U.S. equities, including why he’s holding a high cash balance, his investment philosophy on cash, what is an equity bond and, lastly, what Larry calls a “true believer”.
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- Why are you holding over 50% cash in the IA Clarington Sarbit U.S. Equity Fund? (Duration 0:54)
- What’s your philosophy on cash? (Duration 2:26)
- What is an example of an “equity bond” in the Fund? (Duration 1:35)
- In your view, what is a true believer of the Sarbit investment philosophy? (Duration 1:29)
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Navigating the Canadian small-cap universe
In this video, Ian Cooke answers questions on investing in Canadian small caps including, his expectations for 2017, whether...
January 2017
Navigating the Canadian small-cap universe
In this video, Ian Cooke answers questions on investing in Canadian small caps including, his expectations for 2017, whether we are shifting from a multiples to earnings driven market, the value of active management and top sectors within the IA Clarington Canadian Small Cap Fund.
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- What are your expectations for 2017? (Duration 0:23)
- Will we shift from a multiples driven to an earnings driven bull market?(Duration 0:39)
- Will a rotation take place from high yielding to more cyclical sectors? (Duration 1:05)
- Why do you like energy, financials and industrials?(Duration 0:55)
- Is OPEC’s agreement to cut production a sign of a broader recovery?(Duration 0:41)
- What tools have you used to mitigate risk and protect capital in the Fund?(Duration 0:43)
- What value does active management provide to Canadian small-cap investing?(Duration 0:25)
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Outlook for the North American equity markets
In this video, David Taylor answers questions regarding his current outlook for North American equity markets including…
December 2016
Outlook for the North American equity markets
In this video, David Taylor answers questions regarding his current outlook for North American equity markets including whether we are moving towards an earnings driven bull market, where we are in the expansion cycle, Canadian equity performance and whether value will outperform growth.
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- Are we moving towards an earnings driven bull market? (Duration 0:42)
- Where are we in the expansion cycle? (Duration 1:21)
- What are your thoughts on bonds and “bond proxies”? (Duration 1:06)
- Will Canadian equities likely continue to outperform? (Duration 1:20)
- Do you believe value will outperform growth? (Duration 0:46)
- Are there similarities now to previous market environments? (Duration 0:46)
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An outlook for the income investing landscape
In this video, Dan shares his outlook on the economy, corporate earnings and interest rates....
December 2016
An outlook for the income investing landscape
In this video, Dan shares his outlook on the economy, corporate earnings and interest rates and what the impact could be on income-oriented equities and high yield corporate bonds.
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- Can you highlight your outlook for the next 12-18 months? (Duration 1:40)
- Will we see a shift from a market driven by multiple expansion to one that is driven by earnings? (Duration 1:13)
- What is your outlook for the high yield corporate bond asset class? (Duration 1:35)
- How will the results of the U.S. election impact the Federal Reserve’s decision on interest rates? (Duration 1:06)
- What protection measures have you taken in your portfolios? (Duration 1:50)
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Finding quality opportunities in North American markets
In this video, Terry Thib answers questions regarding investing in a low-yield, low-growth North American environment including...
November 2016
Finding quality opportunities in North American markets
In this video, Terry Thib answers questions regarding investing in a low-yield, low-growth North American environment including, whether the bull market will continue, his views on sector performance in 2017 and his outlook for the new year.
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Current views on global equities
In this video, Brad Radin provides an update on the IA Clarington Global Opportunities Fund and discusses a range of topics...
November 2016
Current views on global equities
In this video, Brad Radin provides an update on the IA Clarington Global Opportunities Fund and discusses a range of topics including his thoughts on the U.S., China & Hong Kong, the Financials sector and whether the bull market will continue.
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- Why are you underweight U.S. equities? (Duration 0:46)
- Update on the Financials sector (Duration 0:37)
- Update on China and Hong Kong (Duration 0:56)
- Tell us about a recent addition to the fund (Duration 1:39)
- What are the fund valuations? (Duration 0:55)
- Will the bull market continue? (Duration 0:52)
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Navigating a new era of fixed-income investing
In this video, Jeff Sujitno answers top-of-mind questions impacting fixed-income investing in this “lower for longer” market.
November 2016
Navigating a new era of fixed-income investing
In this video, Jeff Sujitno answers top-of-mind questions impacting fixed-income investing in this “lower for longer” market.
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