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2 | INVESTMENT EXECUTIVE NEWS
January 2020
On the web:
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Coming In
February 2020
BYB: Advisors and technology
How you can harness the latest tech tools to prepare your practice for the future
WHAT’S INSIDE
HIGHLIGHTS OF THIS MONTH’S INVESTMENT EXECUTIVE
INDUSTRY
DAWN OF A DECADE 1 The financial services industry grew significantly over the past 10 years.
BONDS
WHEN RATES RISE 10 The process of returning to normal will be slow because low rates have cut yields on bank deposits.
REGULATION
BANS 1 With or without Ontario’s support, the CSA plans to proceed with a ban on DSCs.
PEOPLE
A “FORCE” IN THE INDUSTRY 8
Tangerine Bank’s Gillian Riley is driven by a passion for customer service and her curiosity about client needs.
FUNDS
TAX STRATEGY 1 Horizons ETFs is helping unitholders use a special election under the Income Tax Act.
THE HOME FRONT 21
Active portfolio managers of Canadian equity funds have achieved robust returns despite weakness in key sectors.
INSIGHT
EDITORIAL 22 Canadian securities regulators ended the decade on a positive note.
QUEBEC CITY 22
The “comeback kids” of Quebec politics had left the game — only to return in decidedly different roles.
COMPANY INDEX
This index lists the page on which there is
a significant reference to a company or organization mentioned in stories or columns.
www.investmentexecutive.com
CLOUDS ON THE HORIZON 14
Global geopolitical tensions could disrupt otherwise sound economic conditions.
GETTING ON BOARD 15
Mutual fund dealers want to add ETFs to their product shelves, but hurdles abound.
FUTURE OF PLANNING 16
Advisors are making formal agreements with other professionals in order to offer comprehensive services.
COMPLIANCE 16
Government and industry regulators are increasing their use of AI and data analytics.
NEW PRODUCT 18
SPECIAL SECTION
BYB: OUTLOOK 2020
Liquid alts underperformed the index in their first year, but rocky markets will
show the value of these funds.
REGULATION
Policy-makers shifted toward burden reduction in 2019, but the CSA plans to focus on the self-regulatory framework in 2020.
STAYING THE COURSE
Portfolio managers are not planning to make significant changes to their clients’ portfolios in the coming year.
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WHAT IS GREEN? 20
There are no standards for what makes an investment “responsible.”
Alternative Investment
Management Association ......................... 18 Autorité des marchés financiers ............ 16 Bank of Montreal ......................................... 10 Bank of Nova Scotia ................................... 18 Blue J Legal Inc. .......................................... 16 BMO Global Asset Management Inc. ........ 1 Canada Revenue Agency .......................... 16 Canadian ETF Association ........................ 15 Canadian Foundation for the Advancement of Investor Rights ............. 6 Canadian Imperial
Bank of Commerce .............................. 10, 18 Canadian Securities
Administrators ................................... 1, 15, 18 Capital Markets Regulatory Authority ... 18 Carte Wealth Management Inc. .............. 15 CFA Institute ................................................. 16 CI Investments Inc. ...................................... 6 Conformité 101 .............................................. 16 Deloitte Canada ........................................... 15 EthicInvest .................................................... 20 Federation of Mutual Fund Dealers ....... 15 Fidelity (Canada) Asset
Management ULC ........................................... 1 Financial Services
Regulatory Authority of Ontario ............ 18 FinComm Services ..................................... 20 FMR LLC ......................................................... 14 Franklin Templeton
Investments Corp. ....................................... 19 Fundata Canada Inc. ................................... 18
Honestly Invested ...................................... 20 Horizons ETFs
Management (Canada) Inc. .................. 1, 15 IFSE Institute ................................................ 15 Investment Funds
Institute of Canada ...................................... 6 Investment Industry Association of Canada ............................................................... 1 Investment Industry Regulatory Organization of Canada ................ 15, 16, 18 Investor Advisory Panel ............................. 6 Jarislowsky Fraser Ltd. ............................. 10 Laurentian Bank Securities Inc. ............. 14 Mackenzie Investments .............................. 6 Mandeville Private Client Inc. .................. 15 Mutual Fund Dealers
Association of Canada .................. 15, 16, 18 Ontario Securities Commission ......... 6, 18 Peak Financial Group ................................. 15 Picton Mahoney Asset Management .... 18 Portfolio Strategies Corp. ........................ 15 Purpose Investments Inc. .......................... 6 Queensbury Securities Inc. ..................... 20 Responsible Investment Association ... 20 Richardson GMP Ltd. .................................. 18 Royal Bank of Canada ................................ 10 Smith School of Business ........................ 20 Stephen Whipp Financial .......................... 20 Strategic Insight ........................................... 8 Tangerine Bank ............................................. 8 T.E. Wealth ..................................................... 19 Toronto-Dominion Bank ............................ 14 Worldsource Financial
Management Inc. ......................................... 15
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