As the global economy gradually reopens after a prolonged COVID-19 shutdown, supply chain bottlenecks have dominated news headlines. Disruption to the semiconductor industry has received perhaps the most publicity because the computer chip has such wide-ranging applications. In taking a look at the global microchip shortage and its potential impact on investors, we conclude by recommending...

December key drivers Despite concerns over the spread of the omicron variant and the potential impact on the global economy, global equities moved higher in December to close out a strong year. The S&P 500 gained more than 4%, the MSCI EAFE index gained 4% and the MSCI Emerging Markets index was up 1.8%. Credit markets were lower as a move towards higher interest rates continued,...

The Federal Reserve has been busy reframing market expectations over the past several weeks in response to higher than expected inflation releases. Today’s decision to accelerate its tapering of asset purchases met the market’s reset expectations. The Chairman has discussed a desire to complete the Fed’s tapering prior to an actual move to raise rates in order to avoid sending conflicting...

Environmental, social and governance (ESG) investing is a broad term that spans many aspects of business, both very specific and all-encompassing. While ESG has a standard definition, how it is interpreted and applied varies from source to source. Therefore, it is essential to understand what a person or company is referring to when they make an ESG claim or reference. When it comes to...

November key drivers Global financial markets were hit hard at the end of November as news of a new Covid strain emerged. The S&P 500 was positive for much of the month but ended down slightly. Non-US equities, both developed and emerging markets, closed lower by more than 4% for the month. The risk-off shift in markets came as a result of the newly discovered Omicron virus variant that...

Current market is well positioned for dividend growth strategies There are several factors today that support what we believe could allow for attractive return potential for the CIBC Equity Income strategy going forward. Here, we list the top five: 1. Historically, rising rates and inflation have been positive factors for Equity Income Rising interest rates increase the relative value...

Q: What’s your outlook on Fed action and raising of rates? A: The Federal Reserve (Fed) has already begun a plan to reduce its monthly buying of Treasuries and mortgage-backed securities in response to stubbornly high inflation and improvement in the labor market. The Fed’s conditions for moving from “tapering” of asset purchases to actually increasing short-term interest rates include the...

With the jobless rate falling, just how much room there is for a further hiring boom is now a salient question for both the gross domestic product (GDP) forecast and inflation outlook. Of late, there’s a sense that going through the pandemic has left some permanent marks on the labor market, making people less willing to work, less eager to fill certain kinds of jobs and requiring higher wages...

As the musical Hamilton makes clear, the national debt of the United States has always been controversial. Treasury Secretary Alexander Hamilton created the original national debt of $80 million.1 “It will be a matter of choice, if we are not out of debt in twenty years, without at all encumbering the people,” he wrote to a colleague. “A national debt, if it is not excessive, will be to us a...

September key drivers Not since January 2021 has the S&P 500 posted a negative return for the month. With increasing concerns over economic growth, inflation and the path of monetary policy from the Federal Reserve (Fed) weighing on global markets, the S&P 500 posted nearly a 5% decline. Energy and broad-based commodities fared well given supply chain issues and demand across the...

Q: What is your current view on inflation (transitory, going higher, stable at higher level than in prior years), and what does that mean for the general population? A: The current pace of inflation as measured by the consumer price index (CPI) is running above 5%. We believe this pace will calm down over the next few months; however, we think it will remain well above the Federal Reserve’s...

Download the PDF A quick look back There aren’t enough adjectives to describe the remarkable run the stock market has had, so we will stick with some statistics for the S&P 500, including: 12 new all-time highs reached in August alone Seven consecutive months of gains A 107% total return since the panic-stricken COVID-19 lows of March 20201 In this market resurgence, there have...

Since China opened its borders to the world four decades ago and initiated economic reforms, it has been one of the world’s fastest-growing economies. Hundreds of millions of Chinese people have been lifted out of poverty. As the middle class expanded, demand for goods and services increased. Investors around the globe understood the opportunities and sought ways to participate in China’s...

  Active management Passive management Objective Pursue a defined investment objective Mirror a specific index Technique Actively select assets Own what the index owns Performance goal Outperform the market Track the index performance ...

What is going on? Over the course of the last six months, the Chinese government has escalated regulatory oversight of certain sectors and foreign listings. This is a cyclical phenomenon. Over the years, we have experienced periods in which the government increases regulation or reprimands business leaders. The current period is, however, the most intense we have seen in thoroughness and...

As the global economy gradually reopens after a prolonged COVID-19 shutdown, supply chain bottlenecks have dominated news headlines. Disruption to the semiconductor industry has received perhaps the most publicity because the computer chip has such wide-ranging applications. In taking a look at the global microchip shortage and its potential impact on investors, we conclude by recommending...

December key drivers Despite concerns over the spread of the omicron variant and the potential impact on the global economy, global equities moved higher in December to close out a strong year. The S&P 500 gained more than 4%, the MSCI EAFE index gained 4% and the MSCI Emerging Markets index was up 1.8%. Credit markets were lower as a move towards higher interest rates continued,...

The Federal Reserve has been busy reframing market expectations over the past several weeks in response to higher than expected inflation releases. Today’s decision to accelerate its tapering of asset purchases met the market’s reset expectations. The Chairman has discussed a desire to complete the Fed’s tapering prior to an actual move to raise rates in order to avoid sending conflicting...

Environmental, social and governance (ESG) investing is a broad term that spans many aspects of business, both very specific and all-encompassing. While ESG has a standard definition, how it is interpreted and applied varies from source to source. Therefore, it is essential to understand what a person or company is referring to when they make an ESG claim or reference. When it comes to...

November key drivers Global financial markets were hit hard at the end of November as news of a new Covid strain emerged. The S&P 500 was positive for much of the month but ended down slightly. Non-US equities, both developed and emerging markets, closed lower by more than 4% for the month. The risk-off shift in markets came as a result of the newly discovered Omicron virus variant that...

Current market is well positioned for dividend growth strategies There are several factors today that support what we believe could allow for attractive return potential for the CIBC Equity Income strategy going forward. Here, we list the top five: 1. Historically, rising rates and inflation have been positive factors for Equity Income Rising interest rates increase the relative value...

Q: What’s your outlook on Fed action and raising of rates? A: The Federal Reserve (Fed) has already begun a plan to reduce its monthly buying of Treasuries and mortgage-backed securities in response to stubbornly high inflation and improvement in the labor market. The Fed’s conditions for moving from “tapering” of asset purchases to actually increasing short-term interest rates include the...

With the jobless rate falling, just how much room there is for a further hiring boom is now a salient question for both the gross domestic product (GDP) forecast and inflation outlook. Of late, there’s a sense that going through the pandemic has left some permanent marks on the labor market, making people less willing to work, less eager to fill certain kinds of jobs and requiring higher wages...

As the musical Hamilton makes clear, the national debt of the United States has always been controversial. Treasury Secretary Alexander Hamilton created the original national debt of $80 million.1 “It will be a matter of choice, if we are not out of debt in twenty years, without at all encumbering the people,” he wrote to a colleague. “A national debt, if it is not excessive, will be to us a...

September key drivers Not since January 2021 has the S&P 500 posted a negative return for the month. With increasing concerns over economic growth, inflation and the path of monetary policy from the Federal Reserve (Fed) weighing on global markets, the S&P 500 posted nearly a 5% decline. Energy and broad-based commodities fared well given supply chain issues and demand across the...

Q: What is your current view on inflation (transitory, going higher, stable at higher level than in prior years), and what does that mean for the general population? A: The current pace of inflation as measured by the consumer price index (CPI) is running above 5%. We believe this pace will calm down over the next few months; however, we think it will remain well above the Federal Reserve’s...

Download the PDF A quick look back There aren’t enough adjectives to describe the remarkable run the stock market has had, so we will stick with some statistics for the S&P 500, including: 12 new all-time highs reached in August alone Seven consecutive months of gains A 107% total return since the panic-stricken COVID-19 lows of March 20201 In this market resurgence, there have...

Since China opened its borders to the world four decades ago and initiated economic reforms, it has been one of the world’s fastest-growing economies. Hundreds of millions of Chinese people have been lifted out of poverty. As the middle class expanded, demand for goods and services increased. Investors around the globe understood the opportunities and sought ways to participate in China’s...

  Active management Passive management Objective Pursue a defined investment objective Mirror a specific index Technique Actively select assets Own what the index owns Performance goal Outperform the market Track the index performance ...

What is going on? Over the course of the last six months, the Chinese government has escalated regulatory oversight of certain sectors and foreign listings. This is a cyclical phenomenon. Over the years, we have experienced periods in which the government increases regulation or reprimands business leaders. The current period is, however, the most intense we have seen in thoroughness and...

As the global economy gradually reopens after a prolonged COVID-19 shutdown, supply chain bottlenecks have dominated news headlines. Disruption to the semiconductor industry has received perhaps the most publicity because the computer chip has such wide-ranging applications. In taking a look at the global microchip shortage and its potential impact on investors, we conclude by recommending...

December key drivers Despite concerns over the spread of the omicron variant and the potential impact on the global economy, global equities moved higher in December to close out a strong year. The S&P 500 gained more than 4%, the MSCI EAFE index gained 4% and the MSCI Emerging Markets index was up 1.8%. Credit markets were lower as a move towards higher interest rates continued,...

The Federal Reserve has been busy reframing market expectations over the past several weeks in response to higher than expected inflation releases. Today’s decision to accelerate its tapering of asset purchases met the market’s reset expectations. The Chairman has discussed a desire to complete the Fed’s tapering prior to an actual move to raise rates in order to avoid sending conflicting...

Environmental, social and governance (ESG) investing is a broad term that spans many aspects of business, both very specific and all-encompassing. While ESG has a standard definition, how it is interpreted and applied varies from source to source. Therefore, it is essential to understand what a person or company is referring to when they make an ESG claim or reference. When it comes to...

November key drivers Global financial markets were hit hard at the end of November as news of a new Covid strain emerged. The S&P 500 was positive for much of the month but ended down slightly. Non-US equities, both developed and emerging markets, closed lower by more than 4% for the month. The risk-off shift in markets came as a result of the newly discovered Omicron virus variant that...

Current market is well positioned for dividend growth strategies There are several factors today that support what we believe could allow for attractive return potential for the CIBC Equity Income strategy going forward. Here, we list the top five: 1. Historically, rising rates and inflation have been positive factors for Equity Income Rising interest rates increase the relative value...

Q: What’s your outlook on Fed action and raising of rates? A: The Federal Reserve (Fed) has already begun a plan to reduce its monthly buying of Treasuries and mortgage-backed securities in response to stubbornly high inflation and improvement in the labor market. The Fed’s conditions for moving from “tapering” of asset purchases to actually increasing short-term interest rates include the...

With the jobless rate falling, just how much room there is for a further hiring boom is now a salient question for both the gross domestic product (GDP) forecast and inflation outlook. Of late, there’s a sense that going through the pandemic has left some permanent marks on the labor market, making people less willing to work, less eager to fill certain kinds of jobs and requiring higher wages...

As the musical Hamilton makes clear, the national debt of the United States has always been controversial. Treasury Secretary Alexander Hamilton created the original national debt of $80 million.1 “It will be a matter of choice, if we are not out of debt in twenty years, without at all encumbering the people,” he wrote to a colleague. “A national debt, if it is not excessive, will be to us a...

September key drivers Not since January 2021 has the S&P 500 posted a negative return for the month. With increasing concerns over economic growth, inflation and the path of monetary policy from the Federal Reserve (Fed) weighing on global markets, the S&P 500 posted nearly a 5% decline. Energy and broad-based commodities fared well given supply chain issues and demand across the...

Q: What is your current view on inflation (transitory, going higher, stable at higher level than in prior years), and what does that mean for the general population? A: The current pace of inflation as measured by the consumer price index (CPI) is running above 5%. We believe this pace will calm down over the next few months; however, we think it will remain well above the Federal Reserve’s...

Download the PDF A quick look back There aren’t enough adjectives to describe the remarkable run the stock market has had, so we will stick with some statistics for the S&P 500, including: 12 new all-time highs reached in August alone Seven consecutive months of gains A 107% total return since the panic-stricken COVID-19 lows of March 20201 In this market resurgence, there have...

Since China opened its borders to the world four decades ago and initiated economic reforms, it has been one of the world’s fastest-growing economies. Hundreds of millions of Chinese people have been lifted out of poverty. As the middle class expanded, demand for goods and services increased. Investors around the globe understood the opportunities and sought ways to participate in China’s...

  Active management Passive management Objective Pursue a defined investment objective Mirror a specific index Technique Actively select assets Own what the index owns Performance goal Outperform the market Track the index performance ...

What is going on? Over the course of the last six months, the Chinese government has escalated regulatory oversight of certain sectors and foreign listings. This is a cyclical phenomenon. Over the years, we have experienced periods in which the government increases regulation or reprimands business leaders. The current period is, however, the most intense we have seen in thoroughness and...

As the global economy gradually reopens after a prolonged COVID-19 shutdown, supply chain bottlenecks have dominated news headlines. Disruption to the semiconductor industry has received perhaps the most publicity because the computer chip has such wide-ranging applications. In taking a look at the global microchip shortage and its potential impact on investors, we conclude by recommending...

December key drivers Despite concerns over the spread of the omicron variant and the potential impact on the global economy, global equities moved higher in December to close out a strong year. The S&P 500 gained more than 4%, the MSCI EAFE index gained 4% and the MSCI Emerging Markets index was up 1.8%. Credit markets were lower as a move towards higher interest rates continued,...

The Federal Reserve has been busy reframing market expectations over the past several weeks in response to higher than expected inflation releases. Today’s decision to accelerate its tapering of asset purchases met the market’s reset expectations. The Chairman has discussed a desire to complete the Fed’s tapering prior to an actual move to raise rates in order to avoid sending conflicting...

Environmental, social and governance (ESG) investing is a broad term that spans many aspects of business, both very specific and all-encompassing. While ESG has a standard definition, how it is interpreted and applied varies from source to source. Therefore, it is essential to understand what a person or company is referring to when they make an ESG claim or reference. When it comes to...

November key drivers Global financial markets were hit hard at the end of November as news of a new Covid strain emerged. The S&P 500 was positive for much of the month but ended down slightly. Non-US equities, both developed and emerging markets, closed lower by more than 4% for the month. The risk-off shift in markets came as a result of the newly discovered Omicron virus variant that...

Current market is well positioned for dividend growth strategies There are several factors today that support what we believe could allow for attractive return potential for the CIBC Equity Income strategy going forward. Here, we list the top five: 1. Historically, rising rates and inflation have been positive factors for Equity Income Rising interest rates increase the relative value...

Q: What’s your outlook on Fed action and raising of rates? A: The Federal Reserve (Fed) has already begun a plan to reduce its monthly buying of Treasuries and mortgage-backed securities in response to stubbornly high inflation and improvement in the labor market. The Fed’s conditions for moving from “tapering” of asset purchases to actually increasing short-term interest rates include the...

With the jobless rate falling, just how much room there is for a further hiring boom is now a salient question for both the gross domestic product (GDP) forecast and inflation outlook. Of late, there’s a sense that going through the pandemic has left some permanent marks on the labor market, making people less willing to work, less eager to fill certain kinds of jobs and requiring higher wages...

As the musical Hamilton makes clear, the national debt of the United States has always been controversial. Treasury Secretary Alexander Hamilton created the original national debt of $80 million.1 “It will be a matter of choice, if we are not out of debt in twenty years, without at all encumbering the people,” he wrote to a colleague. “A national debt, if it is not excessive, will be to us a...

September key drivers Not since January 2021 has the S&P 500 posted a negative return for the month. With increasing concerns over economic growth, inflation and the path of monetary policy from the Federal Reserve (Fed) weighing on global markets, the S&P 500 posted nearly a 5% decline. Energy and broad-based commodities fared well given supply chain issues and demand across the...

Q: What is your current view on inflation (transitory, going higher, stable at higher level than in prior years), and what does that mean for the general population? A: The current pace of inflation as measured by the consumer price index (CPI) is running above 5%. We believe this pace will calm down over the next few months; however, we think it will remain well above the Federal Reserve’s...

Download the PDF A quick look back There aren’t enough adjectives to describe the remarkable run the stock market has had, so we will stick with some statistics for the S&P 500, including: 12 new all-time highs reached in August alone Seven consecutive months of gains A 107% total return since the panic-stricken COVID-19 lows of March 20201 In this market resurgence, there have...

Since China opened its borders to the world four decades ago and initiated economic reforms, it has been one of the world’s fastest-growing economies. Hundreds of millions of Chinese people have been lifted out of poverty. As the middle class expanded, demand for goods and services increased. Investors around the globe understood the opportunities and sought ways to participate in China’s...

  Active management Passive management Objective Pursue a defined investment objective Mirror a specific index Technique Actively select assets Own what the index owns Performance goal Outperform the market Track the index performance ...

What is going on? Over the course of the last six months, the Chinese government has escalated regulatory oversight of certain sectors and foreign listings. This is a cyclical phenomenon. Over the years, we have experienced periods in which the government increases regulation or reprimands business leaders. The current period is, however, the most intense we have seen in thoroughness and...

As the global economy gradually reopens after a prolonged COVID-19 shutdown, supply chain bottlenecks have dominated news headlines. Disruption to the semiconductor industry has received perhaps the most publicity because the computer chip has such wide-ranging applications. In taking a look at the global microchip shortage and its potential impact on investors, we conclude by recommending...

December key drivers Despite concerns over the spread of the omicron variant and the potential impact on the global economy, global equities moved higher in December to close out a strong year. The S&P 500 gained more than 4%, the MSCI EAFE index gained 4% and the MSCI Emerging Markets index was up 1.8%. Credit markets were lower as a move towards higher interest rates continued,...

The Federal Reserve has been busy reframing market expectations over the past several weeks in response to higher than expected inflation releases. Today’s decision to accelerate its tapering of asset purchases met the market’s reset expectations. The Chairman has discussed a desire to complete the Fed’s tapering prior to an actual move to raise rates in order to avoid sending conflicting...

Environmental, social and governance (ESG) investing is a broad term that spans many aspects of business, both very specific and all-encompassing. While ESG has a standard definition, how it is interpreted and applied varies from source to source. Therefore, it is essential to understand what a person or company is referring to when they make an ESG claim or reference. When it comes to...

November key drivers Global financial markets were hit hard at the end of November as news of a new Covid strain emerged. The S&P 500 was positive for much of the month but ended down slightly. Non-US equities, both developed and emerging markets, closed lower by more than 4% for the month. The risk-off shift in markets came as a result of the newly discovered Omicron virus variant that...

Current market is well positioned for dividend growth strategies There are several factors today that support what we believe could allow for attractive return potential for the CIBC Equity Income strategy going forward. Here, we list the top five: 1. Historically, rising rates and inflation have been positive factors for Equity Income Rising interest rates increase the relative value...

Q: What’s your outlook on Fed action and raising of rates? A: The Federal Reserve (Fed) has already begun a plan to reduce its monthly buying of Treasuries and mortgage-backed securities in response to stubbornly high inflation and improvement in the labor market. The Fed’s conditions for moving from “tapering” of asset purchases to actually increasing short-term interest rates include the...

With the jobless rate falling, just how much room there is for a further hiring boom is now a salient question for both the gross domestic product (GDP) forecast and inflation outlook. Of late, there’s a sense that going through the pandemic has left some permanent marks on the labor market, making people less willing to work, less eager to fill certain kinds of jobs and requiring higher wages...

As the musical Hamilton makes clear, the national debt of the United States has always been controversial. Treasury Secretary Alexander Hamilton created the original national debt of $80 million.1 “It will be a matter of choice, if we are not out of debt in twenty years, without at all encumbering the people,” he wrote to a colleague. “A national debt, if it is not excessive, will be to us a...

September key drivers Not since January 2021 has the S&P 500 posted a negative return for the month. With increasing concerns over economic growth, inflation and the path of monetary policy from the Federal Reserve (Fed) weighing on global markets, the S&P 500 posted nearly a 5% decline. Energy and broad-based commodities fared well given supply chain issues and demand across the...

Q: What is your current view on inflation (transitory, going higher, stable at higher level than in prior years), and what does that mean for the general population? A: The current pace of inflation as measured by the consumer price index (CPI) is running above 5%. We believe this pace will calm down over the next few months; however, we think it will remain well above the Federal Reserve’s...

Download the PDF A quick look back There aren’t enough adjectives to describe the remarkable run the stock market has had, so we will stick with some statistics for the S&P 500, including: 12 new all-time highs reached in August alone Seven consecutive months of gains A 107% total return since the panic-stricken COVID-19 lows of March 20201 In this market resurgence, there have...

Since China opened its borders to the world four decades ago and initiated economic reforms, it has been one of the world’s fastest-growing economies. Hundreds of millions of Chinese people have been lifted out of poverty. As the middle class expanded, demand for goods and services increased. Investors around the globe understood the opportunities and sought ways to participate in China’s...

  Active management Passive management Objective Pursue a defined investment objective Mirror a specific index Technique Actively select assets Own what the index owns Performance goal Outperform the market Track the index performance ...

What is going on? Over the course of the last six months, the Chinese government has escalated regulatory oversight of certain sectors and foreign listings. This is a cyclical phenomenon. Over the years, we have experienced periods in which the government increases regulation or reprimands business leaders. The current period is, however, the most intense we have seen in thoroughness and...

As the global economy gradually reopens after a prolonged COVID-19 shutdown, supply chain bottlenecks have dominated news headlines. Disruption to the semiconductor industry has received perhaps the most publicity because the computer chip has such wide-ranging applications. In taking a look at the global microchip shortage and its potential impact on investors, we conclude by recommending...

December key drivers Despite concerns over the spread of the omicron variant and the potential impact on the global economy, global equities moved higher in December to close out a strong year. The S&P 500 gained more than 4%, the MSCI EAFE index gained 4% and the MSCI Emerging Markets index was up 1.8%. Credit markets were lower as a move towards higher interest rates continued,...

The Federal Reserve has been busy reframing market expectations over the past several weeks in response to higher than expected inflation releases. Today’s decision to accelerate its tapering of asset purchases met the market’s reset expectations. The Chairman has discussed a desire to complete the Fed’s tapering prior to an actual move to raise rates in order to avoid sending conflicting...

Environmental, social and governance (ESG) investing is a broad term that spans many aspects of business, both very specific and all-encompassing. While ESG has a standard definition, how it is interpreted and applied varies from source to source. Therefore, it is essential to understand what a person or company is referring to when they make an ESG claim or reference. When it comes to...

November key drivers Global financial markets were hit hard at the end of November as news of a new Covid strain emerged. The S&P 500 was positive for much of the month but ended down slightly. Non-US equities, both developed and emerging markets, closed lower by more than 4% for the month. The risk-off shift in markets came as a result of the newly discovered Omicron virus variant that...

Current market is well positioned for dividend growth strategies There are several factors today that support what we believe could allow for attractive return potential for the CIBC Equity Income strategy going forward. Here, we list the top five: 1. Historically, rising rates and inflation have been positive factors for Equity Income Rising interest rates increase the relative value...

Q: What’s your outlook on Fed action and raising of rates? A: The Federal Reserve (Fed) has already begun a plan to reduce its monthly buying of Treasuries and mortgage-backed securities in response to stubbornly high inflation and improvement in the labor market. The Fed’s conditions for moving from “tapering” of asset purchases to actually increasing short-term interest rates include the...

With the jobless rate falling, just how much room there is for a further hiring boom is now a salient question for both the gross domestic product (GDP) forecast and inflation outlook. Of late, there’s a sense that going through the pandemic has left some permanent marks on the labor market, making people less willing to work, less eager to fill certain kinds of jobs and requiring higher wages...

As the musical Hamilton makes clear, the national debt of the United States has always been controversial. Treasury Secretary Alexander Hamilton created the original national debt of $80 million.1 “It will be a matter of choice, if we are not out of debt in twenty years, without at all encumbering the people,” he wrote to a colleague. “A national debt, if it is not excessive, will be to us a...

September key drivers Not since January 2021 has the S&P 500 posted a negative return for the month. With increasing concerns over economic growth, inflation and the path of monetary policy from the Federal Reserve (Fed) weighing on global markets, the S&P 500 posted nearly a 5% decline. Energy and broad-based commodities fared well given supply chain issues and demand across the...

Q: What is your current view on inflation (transitory, going higher, stable at higher level than in prior years), and what does that mean for the general population? A: The current pace of inflation as measured by the consumer price index (CPI) is running above 5%. We believe this pace will calm down over the next few months; however, we think it will remain well above the Federal Reserve’s...

Download the PDF A quick look back There aren’t enough adjectives to describe the remarkable run the stock market has had, so we will stick with some statistics for the S&P 500, including: 12 new all-time highs reached in August alone Seven consecutive months of gains A 107% total return since the panic-stricken COVID-19 lows of March 20201 In this market resurgence, there have...

Since China opened its borders to the world four decades ago and initiated economic reforms, it has been one of the world’s fastest-growing economies. Hundreds of millions of Chinese people have been lifted out of poverty. As the middle class expanded, demand for goods and services increased. Investors around the globe understood the opportunities and sought ways to participate in China’s...

  Active management Passive management Objective Pursue a defined investment objective Mirror a specific index Technique Actively select assets Own what the index owns Performance goal Outperform the market Track the index performance ...

What is going on? Over the course of the last six months, the Chinese government has escalated regulatory oversight of certain sectors and foreign listings. This is a cyclical phenomenon. Over the years, we have experienced periods in which the government increases regulation or reprimands business leaders. The current period is, however, the most intense we have seen in thoroughness and...

As the global economy gradually reopens after a prolonged COVID-19 shutdown, supply chain bottlenecks have dominated news headlines. Disruption to the semiconductor industry has received perhaps the most publicity because the computer chip has such wide-ranging applications. In taking a look at the global microchip shortage and its potential impact on investors, we conclude by recommending...

December key drivers Despite concerns over the spread of the omicron variant and the potential impact on the global economy, global equities moved higher in December to close out a strong year. The S&P 500 gained more than 4%, the MSCI EAFE index gained 4% and the MSCI Emerging Markets index was up 1.8%. Credit markets were lower as a move towards higher interest rates continued,...

The Federal Reserve has been busy reframing market expectations over the past several weeks in response to higher than expected inflation releases. Today’s decision to accelerate its tapering of asset purchases met the market’s reset expectations. The Chairman has discussed a desire to complete the Fed’s tapering prior to an actual move to raise rates in order to avoid sending conflicting...

Environmental, social and governance (ESG) investing is a broad term that spans many aspects of business, both very specific and all-encompassing. While ESG has a standard definition, how it is interpreted and applied varies from source to source. Therefore, it is essential to understand what a person or company is referring to when they make an ESG claim or reference. When it comes to...

November key drivers Global financial markets were hit hard at the end of November as news of a new Covid strain emerged. The S&P 500 was positive for much of the month but ended down slightly. Non-US equities, both developed and emerging markets, closed lower by more than 4% for the month. The risk-off shift in markets came as a result of the newly discovered Omicron virus variant that...

Current market is well positioned for dividend growth strategies There are several factors today that support what we believe could allow for attractive return potential for the CIBC Equity Income strategy going forward. Here, we list the top five: 1. Historically, rising rates and inflation have been positive factors for Equity Income Rising interest rates increase the relative value...

Q: What’s your outlook on Fed action and raising of rates? A: The Federal Reserve (Fed) has already begun a plan to reduce its monthly buying of Treasuries and mortgage-backed securities in response to stubbornly high inflation and improvement in the labor market. The Fed’s conditions for moving from “tapering” of asset purchases to actually increasing short-term interest rates include the...

With the jobless rate falling, just how much room there is for a further hiring boom is now a salient question for both the gross domestic product (GDP) forecast and inflation outlook. Of late, there’s a sense that going through the pandemic has left some permanent marks on the labor market, making people less willing to work, less eager to fill certain kinds of jobs and requiring higher wages...

As the musical Hamilton makes clear, the national debt of the United States has always been controversial. Treasury Secretary Alexander Hamilton created the original national debt of $80 million.1 “It will be a matter of choice, if we are not out of debt in twenty years, without at all encumbering the people,” he wrote to a colleague. “A national debt, if it is not excessive, will be to us a...

September key drivers Not since January 2021 has the S&P 500 posted a negative return for the month. With increasing concerns over economic growth, inflation and the path of monetary policy from the Federal Reserve (Fed) weighing on global markets, the S&P 500 posted nearly a 5% decline. Energy and broad-based commodities fared well given supply chain issues and demand across the...

Q: What is your current view on inflation (transitory, going higher, stable at higher level than in prior years), and what does that mean for the general population? A: The current pace of inflation as measured by the consumer price index (CPI) is running above 5%. We believe this pace will calm down over the next few months; however, we think it will remain well above the Federal Reserve’s...

Download the PDF A quick look back There aren’t enough adjectives to describe the remarkable run the stock market has had, so we will stick with some statistics for the S&P 500, including: 12 new all-time highs reached in August alone Seven consecutive months of gains A 107% total return since the panic-stricken COVID-19 lows of March 20201 In this market resurgence, there have...

Since China opened its borders to the world four decades ago and initiated economic reforms, it has been one of the world’s fastest-growing economies. Hundreds of millions of Chinese people have been lifted out of poverty. As the middle class expanded, demand for goods and services increased. Investors around the globe understood the opportunities and sought ways to participate in China’s...

  Active management Passive management Objective Pursue a defined investment objective Mirror a specific index Technique Actively select assets Own what the index owns Performance goal Outperform the market Track the index performance ...

What is going on? Over the course of the last six months, the Chinese government has escalated regulatory oversight of certain sectors and foreign listings. This is a cyclical phenomenon. Over the years, we have experienced periods in which the government increases regulation or reprimands business leaders. The current period is, however, the most intense we have seen in thoroughness and...