Kevin Press

Canada

Editorial Director at Investment Executive (IE)

Editorial Director at Advisor.ca

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Articles

South Korea, Greece and Vietnam covered in latest FTSE Russell country review

2 weeks ago | investmentexecutive.com | Kevin Press

“There continues to be broad support for FTSE Russell’s decision to include South Korea in the FTSE WGBI, with full inclusion on track to be completed by November next year,” said Nikki Stefanelli, global head of fixed income, currencies and commodities index policy at FTSE Russell. South Korean bonds will be phased in over a shorter-than-usual eight-month period, beginning in April 2026.
Not all target-date funds are created equal

2 weeks ago | investmentexecutive.com | Kevin Press

These funds vary dramatically, no matter the maturity date By: Kevin Press April 7, 2025 09:40 Kevin Press Twenty years after Fidelity Investments introduced its ClearPath line in 2005, there is a consensus around the use of target-date funds as a default investment choice for employer-sponsored defined contribution pension plans. Target-date funds are structured to evolve each account holder’s investment mix, adjusting for their time horizon automatically. Given that many members fail to...
'We'll get by this': IG Wealth boss

2 weeks ago | investmentexecutive.com | Kevin Press

Company president and CEO Damon Murchison says Trump’s trade war is an opportunity for Canada By: Kevin Press April 4, 2025 15:54 Kevin Press Damon Murchison, president and CEO of IG Wealth Management invited me to his comfortably modest downtown Toronto office this week to talk about the dealer’s plans for this, its 99th year in business. The 54-year-old financial services veteran will mark a half-decade in the top job this September — a period dominated by the pandemic, headline-grabbing...
Trump tariffs will worsen U.S. labour shortage: Scotiabank

3 weeks ago | investmentexecutive.com | Kevin Press

The desire to expand its manufacturing base makes sense, McNally said. But Trump’s vision is expensive at best, unfeasible at worst. According to the report, fully substituting imports with U.S.-produced goods would require about a 36% increase in output — that figure would vary, industry by industry. Getting there would mean onboarding roughly 7.7 million workers, in addition to the 12.8 million currently employed by U.S. manufacturing companies.
OneDigital in talks with 'up to 50' Canadian firms

3 weeks ago | investmentexecutive.com | Kevin Press

“The noise going on right now between the States and Canada,” he said in reference to the emerging trade war, “I would describe as absolutely ridiculous.”OneDigital serves about 13,000 households in the U.S. and Canada. Its business model combines employer-sponsored group retirement and benefit plans with retail wealth management and insurance product advice — the former often provides leads to the latter. “Our adjacency to the employer is a gateway to a boatload of conversations,” Sullivan said.
The onus is on advisory firms to support private market investments

1 month ago | investmentexecutive.com | Kevin Press

Kevin Press Few industry participants would argue that the growing popularity of private market investments doesn’t require more careful due diligence on the part of financial advisors. But the sophisticated nature of the asset class — once the domain of institutional and other sophisticated investors — is such that it is unreasonable for advisors to carry that added responsibility on their own.
Four investment themes for a volatile market

1 month ago | investmentexecutive.com | Kevin Press

Kevin Press Advisors looking to put their clients at ease by comparing this market to previous periods of volatility will have to reach back further than the two decades Rene Reyna has spent in the business. The head of thematic and specialty ETF strategy at Invesco in Munster, Ind. said he’s never seen anything like this. “Nothing comes to mind with this amount of uncertainty,” he said in an interview at Future Proof Citywide in Miami on Tuesday.
Anxious clients struggle with changes 'hour to hour'

1 month ago | investmentexecutive.com | Kevin Press

“They’re the most anxious right now,” he said. “They’re drawing on their savings.”And they’re calling Shelestowsky, with questions about taking risk off the table. He’s managing those calls by talking about two recent periods of time — 2020, when the economy turned down and 2022, when inflation started rising. There was plenty of noise in both cases, but investors who stayed in the market came out the other end in good shape.
Actively managed funds underperformed benchmarks in 2024

1 month ago | investmentexecutive.com | Kevin Press

“One might assume that high levels of benchmark performance are associated with greater proportions of active fund underperformance as, for many, the threshold for success rises further out of reach,” S&P Global said in its report.
Household net worth up $1.2 trillion in 2024: StatCan

1 month ago | investmentexecutive.com | Kevin Press

Financial assets held by Canadian households rose 2% to $10.8 trillion at the end of 2024. That’s the fifth consecutive end-of-quarter record. By comparison, Canada’s main stock index, the S&P/TSX composite delivered a 3% return in Q4. A weakening loonie added value to those holding investments outside the country. Financial liabilities rose 1.2% or $35.8 billion in the fourth quarter. Non-financial assets ended the year at $9.8 trillion, mostly as a result of rising real estate values.