French election – A new wave of uncertainty
2016 will be remembered as a year of extreme political uncertainty, underscored by election results that favoured anti-establishment parties. 2017 may very well follow suit with a series of key European elections in the coming months, as attention now shifts to the French presidential race, starting in April. This Investment Insight offers a guide leading up to the first round of the French presidential election, including expected market implications.
A rebound in 2017 after a rough end to 2016
Following a 12% correction in the gold price post-U.S. election in the last quarter of 2016, we have seen a healthy 9% rebound in gold since the lows last December. In this Investment Insight, Ani Markova discusses the current landscape and some reasons gold could see strong performance in 2017, particularly in the second half of the year.
Pause game, not end game
Following the U.S. election, the price of gold has come under significant pressure and recently broke the key US$1,200/ounce support level. This Investment Insight discusses the outlook for gold over both the short term and long term.
Italian referendum outcome – Italy votes “no”
Italians voted against a package of major constitutional reforms, giving way to a further rise in populism as it continues to spread throughout the world. This Investment Insight outlines the political and market implications following the vote, as the wave of anti-establishment sentiment that first appeared mid-year in the U.K. with the Brexit vote and more recently with the election of Donald Trump, continues.
Italian referendum and implications
As polls remain close and continue to oscillate between a "yes" and "no" vote, uncertainty pertaining to Italy's future and the potential implications for the eurozone has weighed on the markets. In this Investment Insight, the AGF Global Equity Team discusses their view on the potential outcome of both of these events, potential implications, as well as portfolio positioning.
Trump presidency and implications for global markets
What once was perceived as a small likelihood of Donald Trump becoming the 45th President of the United States of America has come to fruition, shocking prognosticators and market participants from around the globe. This Investment Insight discusses implications for emerging and global markets, how AGF Global Core Equity Strategy and AGF Emerging Markets Equity Strategy are positioned and provides an outlook for 2017.
What a Trump presidency means for sustainable investors
With Donald Trump pulling off a surprise victory against Hillary Clinton in what may have been the biggest upset in U.S. presidential election history, investors have been scrambling to respond. This Investment Insight discusses what Trump's presidency means for sustainable investors.
The U.S. and European political landscape – Update from the Global Equity Team
The U.S. presidential election is fast approaching and in Europe, Italy is slated to hold a national referendum. In this Investment Insight, the AGF Global Equity Team discusses their view on the potential outcome of both of these events, potential implications for markets, as well as portfolio positioning.
Follow the yellow brick road
With gold rebounding strongly this year from the December 2015 lows, the question of where gold is headed remains on many investors’ minds. This Investment Insight discusses AGF’s thoughts on the longer-term outcome for gold.
Examining the use of global equity mandates
This White Paper discusses why deciding whether or not to use integrated global equity mandates within a fund's equity structure is an essential decision for fiduciaries.
Intelligent capital allocation
This White Paper discusses why Steve Way believes capital allocation is management's most important responsibility.
Brexit – Should the U.K. remain or leave the eurozone?
This Investment Insight focuses on potential economic effects of Brexit and the positioning of the AGF Global Core Equity Strategy.
A world in transition
This Investment Insight explores some of the broader changes impacting the investment landscape today and how AGF Global Sustainable Growth Equity Strategy is positioned to take advantage.
Going against the grain – Thoughts from the Global Equity Team
When it comes to investing, the temptation to be part of the crowd is perhaps strongest in times of heightened uncertainty and volatility. In this Investment Insight, the AGF Global Equity Team discusses three of their more controversial calls when it comes to country positioning.
The road ahead for emerging market equities
This Market Insight highlights several factors that could support a sustained rebound in EM equities and discusses positioning of the AGF Emerging Markets Equity Strategy.
What's next for Brazil?
This Market Insight focuses on Brazil’s recent decision to start impeachment proceedings against their president. It looks at Brazil’s investment landscape, potential outcomes from the impeachment and the strategic position of AGF Emerging Markets Equity Strategy.
Finding value: The North American infrastructure opportunity
In this Market Insight, Gregory Smith, President and CEO of InstarAGF Asset Management Inc., discusses how urbanization and innovation are changing the North American infrastructure landscape and value proposition for investors.
Gold back in the spotlight
After a corrective down trend since late 2011, gold prices have rebounded in 2016. This Market Insight focuses on a few gold catalysts still to come and the sustainability of this gold rally.
Levelling the global playing field
In this white paper, Steve Way provides of an overview of how an Economic-Value-Added (EVA) framework can help investors analyze global companies and better understand underlying business dynamics.
Can one really have 'impact' in the public markets?
This Market Insight discusses “Impact” portfolios in public equity markets, and the questions that should be asked when determining whether a portfolio is making an impact.
Paris Climate Conference: Why this matters
After a two-week deliberation, a final push in negotiations at the Paris climate change conference resulted in an agreement signed by 195 countries.
Outlook for Asia
In this Market Insight, AGF Asset Management Asia Ltd. provides their outlook for Asia.
Where are we in the credit cycle? Lessons from history and implications for the future
This insight analyzes the current stage and health of the credit cycle and addresses concerns of recent warnings that we may be in a potential credit bubble.
Why country allocation matters
This white paper demonstrates how a disciplined, systematic and multi-factor approach to country allocation can help identify market inefficiencies and contribute to outperformance over a full market cycle.
"Footprinting" our Portfolio
Given the Fund's solutions-based focus, we are interested in tools that help us understand the Portfolio’s environmental footprint. We expect portfolio holdings to be focused on solutions with inherent environmental advantages while also being open to improving their footprint.
Fossil fuel divestment: A solutions-based approach
This insight discusses how climate change risks are affecting asset owner's financial assessments and why the decision to move away from fossil fuel companies continues to increase.
Playing the long game
This white paper examines how a thematic approach to sustainable investing goes beyond ESG monitoring and delves into the specific mid- and long-term trends that are at play and that will drive economic growth in the future.
Benefits Canada – ESG Roundtable – Doing better while doing right
Canada's largest pension funds are leaders in the environmental, social and governance investment (ESG) space – but many small plans are missing from the conversation. In this article, experts from AGF and BlackRock gathered at an ESG Roundtable to share their views on the state of ESG-focused investing in the Canadian pension space.
LAPF Magazine – What a Trump presidency means for sustainable investors
With Donald Trump pulling off a surprise victory against Hillary Clinton in what may have been the biggest upset in U.S. presidential election history, investors have been scrambling to respond. This article discusses what Trump's presidency means for sustainable investors.
LAPF Magazine - Finding value: the North American infrastructure opportunity
In this article, Gregory Smith, President and CEO of InstarAGF, outlines how increasing urbanisation and factors such as the drive for green energy production and distribution are creating opportunities for investors.
LAPF Magazine - Intelligent capital allocation – an overlooked concept in investing
This article discusses why Steve Way believes capital allocation is management's most important responsibility.
LAPF Magazine - A world in transition
This article explores some of the broader changes impacting the investment landscape today and how AGF Global Sustainable Growth Equity Strategy is positioned to take advantage.
LAPF Magazine - Can an investor really have "impact" in the public markets?
In this article, Martin Grosskopf, Hyewon Kong and Jonathan Lo look at how asking the right questions can help investors determine if their investment is making an “impact”.
Private Capital - Taking Flight
Greg Smith, President and CEO of InstarAGF and Sarah Borg-Oliver, SVP, discuss the importance of investing in sound infrastructure and how it can impact growth for communities and countries
Benefits and Pensions Monitor - Rethinking Infrastructure
Greg Smith, President and CEO of InstarAGF discusses the growing appeal of Infrastructure as an asset class in institutional portfolios.
The Performers - Canada's Influential Thought Leaders
Stephen Way shares his thoughts on why pension plans should think globally and where he's finding opportunities today.
Kevin McCreadie: Globalization Still Underway
Kevin McCreadie discusses key investment trends that he expects for institutional investors in 2015.
LAPF Magazine - Rethinking Infrastructure (September 2014)
In this article Greg Smith, President and CEO of InstarAGF discusses the growing appeal of Infrastructure as an asset class in institutional portfolios.
Benefits & Pensions Monitor Article - Playing the Long Game (September 2014)
In this article Portfolio Manager Martin Grosskopf discusses how sustainable themes are now an important opportunity set in global markets as investors seek out companies that will innovate and drive economic growth in the future.
LAPF Magazine - Beyond Borders and Books (October 2013)
EVA uncovers economic realities, not just accounting conventions. Stephen Way outlines how economic value-add can help identify investment opportunities.
As emerging market companies face new economic challenges, it's time to work their assets harder.
Benefits Canada - Fixed Income Roundtable (June 2013) EN
In this panel discussion, Portfolio Manager Tristan Sones discusses how various fixed income core plus categories can deliver more for plan sponsors today.
Benefits Canada - Emerging Markets Roundtable (May 2013)
In this article Portfolio Manager Alpha Ba discusses the current issues facing Emerging Markets with a panel of experts.
Benefits Canada - Another BRIC in the Wall (September 2012)
In this article Portfolio Manager Steve Way examines the new big players in Emerging Markets.
Benefits Canada EM Debt Article by Jean Charbonneau (July 2011)
Jean Charbonneau, Senior Vice President and Fixed Income Portfolio Manager, discusses the top five reasons why plan sponsors should consider EM debt in their asset allocation decisions.
2016 Italian referendum results
Steve Bonnyman, Portfolio Manager, AGF Investments Inc. discusses the Italian referendum's "no" victory and immediate market reaction. With Matteo Renzi now set to resign, we share our thoughts on what's next to come in Italy.
Kevin McCreadie discusses the 2016 U.S. Election
Kevin McCreadie, President and Chief Investment Officer, AGF Investments Inc. discusses the results of the U.S. Election as an American living in Canada. He provides insight on economic policies, market volatility, the Canadian economy, repatriation and currency.
AGF Asset Allocation Committee Outlook: Q4-2016 Market Outlook
Kevin McCreadie, President, Chief Investment Officer and Chair of the AGF Asset Allocation Committee, recaps Q3’s top economic events and provides the Committee’s asset allocation recommendations for the quarter ahead.
AGF Asset Allocation Committee Outlook: Q3-2016 Market Outlook
Kevin McCreadie, President, Chief Investment Officer and Chair of the AGF Asset Allocation Committee discusses expected risks in the third quarter, the factors that are impacting global growth and his outlook for the remainder of 2016.
AGF Asset Allocation Committee Outlook: Q2-2016 Market Outlook
Kevin McCreadie, President, Chief Investment Officer and Chair of the AGF Asset Allocation Committee, looks back at the major market events in the first quarter and how they contributed to heightened market volatility and provides his outlook for the second quarter as well as the Committee’s asset allocation recommendations.
Our thoughts on the Fed announcement
David Stonehouse and John Christofilos provide their thoughts on today’s Fed announcement, how it will impact fixed income and equity markets and what it means for investors.
The impact of policy changes in China on emerging markets portfolios.
Alpha Ba, Vice-President & Portfolio Manager, AGF Investments Inc., discusses the policy changes in China, the risks associated with these changes and the strategic positioning of the AGF Emerging Markets Equity Strategy.
Digging deeper, is gold doing what it’s expected to do in these markets?
Ani Markova, Vice-President & Portfolio Manager, AGF Investments Inc. discusses the price behaviour for gold and whether a rebound is in store this year.
Central banks, like China, continue to increase their allocation for gold.
Ani Markova, Vice-President & Portfolio Manager, AGF Investments Inc. discusses why central banks around the world continue to buy gold as a reserve currency.
The trends behind sustainable investing
Martin Grosskopf discusses the trend behind fossil fuel divestment as investors diversify away from carbon risk and become more engaged with companies that are providing solutions to dramatically reduce emissions.
What’s in store for oil prices?
Steve Bonnyman, Portfolio Manager at AGF Investments Inc., explains the fundamental reasons behind the oil price correction and its impact on the investment opportunity landscape.
The key factors behind the rapid growth in tight-oil production.
Steve Bonnyman, Portfolio Manager at AGF Investments Inc., provides some perspective on global oil production declines.
The tight oil revolution and its economic impact
Steve Bonnyman, Portfolio Manager at AGF Investments Inc. explains how the economics of oil recovery can vary substantially among producers.
AGF Portfolio Managers weigh in on the events in Russia and Ukraine
Comments from David Stonehouse, MBA, CFA, Director, Fixed Income and Portfolio Manager
AGF Portfolio Managers weigh in on the events in Russia and Ukraine
Comments from Martin Grosskopf, MBA, MES, Vice-President and Portfolio Manager