logo
ENع
#

Latest news with #portfolioManagement

Build from the Bear Up: PICTON Ushers in a New Era of Investing amid Rebrand
Build from the Bear Up: PICTON Ushers in a New Era of Investing amid Rebrand

National Post

time6 days ago

  • Business
  • National Post

Build from the Bear Up: PICTON Ushers in a New Era of Investing amid Rebrand

Article content From Market Symbol to Mindset Shift: Why the Bear Represents the Future of Investing Article content TORONTO — Today marks a bold new chapter for Canadian investing. Picton Mahoney Asset Management, the Toronto-based alternative investment firm with over $13 billion in assets under management, has officially rebranded as PICTON Investments – a striking shift that goes far beyond a name or logo. It's a call to rebuild the investment industry from the Bear Up. Article content Article content This is more than a refreshed look for the brand, but a fundamental repositioning of the firm's identity and a declaration of intent: to challenge the status quo, lead with a risk-first mindset, and rally a new era of investors, advisors, institutions, and portfolio managers to help them see the power of alternative investments in building better portfolios for their clients. Article content Since the firm was co-founded over 20 years ago, PICTON Investments ('PICTON') has partnered with advisors and institutions to offer alternative investments to build portfolios that go beyond traditional approaches – aiming to provide diversified, less correlated return streams that deliver stronger, more stable outcomes for Canadians. Article content Building on the firm's decades of investment expertise in the alternative investment space, one thing that hasn't changed is what's always been at their core: deep investment expertise and an unwavering belief that alternative investments offer Canadians a more resilient path to achieving their goals with greater certainty. Article content 'For more than two decades, we've pushed the industry to think differently about portfolio construction,' said David Picton, President and CEO of PICTON. 'Now we're calling on the entire investment industry to join us. Traditional 60/40 portfolios are failing to do their job. It's time we evolve like other industries around us have, preparing for what markets will continue to look like in the future, which is likely more uncertain.' Article content A New Era. A New Symbol. A New Standard. Article content In today's world of stubborn inflation, high interest rates, and tight asset correlations, diversification has never been more critical. With its new rebrand, PICTON is hoping to raise awareness of the importance of moving beyond a traditional portfolio to a fortified 40/30/30 portfolio – 40% equities, 30% fixed income, 30% liquid alternatives – a construction that aims to offer more resilience in all markets, not just bull runs. Article content By embracing the bear and encouraging Canadians to see it as a friend rather than a foe, PICTON aims to change the long-held perception of the bear as a symbol of fear. It now takes center stage as PICTON's brand anchor. Not as a warning, but as a symbol of strength, adaptability, and preparation. Article content 'To have a bear mindset is to prioritize preparation over prediction,' said Picton. 'It's about building portfolios that endure. That's what Canadians need and what advisors deserve from the managers they trust.' Article content The Movement Begins: Build from the Bear Up Article content With this rebrand, PICTON signals its commitment to lead a movement. 'You'll notice a new logo, a modern identity, and a more direct way of communicating,' said Leisha Roche, Chief Marketing Officer at PICTON. 'This isn't just a philosophy. It's a movement to reimagine how portfolios are built in Canada for all investors, in any market condition.' Article content 'The bear is our purpose,' added Roche. 'We're inviting the industry to join us, to think differently about how they invest. Our message is clear and encouraging. It's time to stop fearing the bear and start building like one.' Article content To launch the new brand, PICTON unveiled a 7-foot-tall Resilient Bear statue this morning at The Well in downtown Toronto and will close the market with one of the industry's first AI-created brand mascots – a friendly grizzly bear that embodies resilience, adaptability, and preparation. Article content Shaping the Future, Together Article content PICTON is investing heavily in its people, processes, platforms, and partnerships because Canadians deserve more certainty in uncertain times. With resilience, discipline, and innovation, the firm is shaping a future where more investors can reach their financial goals with confidence. Article content 'We're proud of what we've built together, but we're just getting started,' said Picton. 'We're inviting others to think beyond tradition, challenge convention, and bring more advisors into this movement. It's time to build portfolios – and trust – from the Bear Up.' Article content To experience the new brand, full videos and digital banners are available below: Article content Rebrand Sizzle Reel: Article content Article content Brand Ads: Article content Build From the Bear Up (30s): Article content Article content Article content See the Bear Differently (15s): Article content Article content Article content Embrace the Bear Mindset (Zoom 6s): Article content Article content Article content Think Like a Bear (Reverse 6s): Article content Article content Market Close: Article content AI Resilient Bear's Journey to the TMX: Article content Article content Digital Banners: Article content PICTON Investments is a Canadian investment firm with over $13 billion in assets under management, recognized for pioneering alternative investment strategies that challenge traditional thinking. Since 2004, we have been helping advisors and investors rethink portfolio construction – moving away from traditional models toward more resilient, diversified solutions. Leveraging deep expertise in quantitative research, fundamental analysis, and authentic hedging strategies, we champion a modern approach designed to deliver more consistent, risk-adjusted returns. Our philosophy is to 'Build from the Bear Up,' embracing a bear mindset of resiliency, adaptability, and strength to provide Canadians with greater certainty. Article content Article content Article content Article content Article content Article content

S.Africa stocks suffer $3.7 billion losing streak from foreign investors
S.Africa stocks suffer $3.7 billion losing streak from foreign investors

Reuters

time13-06-2025

  • Business
  • Reuters

S.Africa stocks suffer $3.7 billion losing streak from foreign investors

JOHANNESBURG, June 13 (Reuters) - Foreign investors have pulled $3.7 billion out of South African equities since October in the longest such streak of outflows in five years, a report showed, as the continent's biggest equity market struggles to attract international portfolio flows. International investor confidence in stocks listed in Africa's most industrialized economy has been fragile for years, with equities having suffered annual outflows since 2022, calculations by the Institute of International Finance show. But the latest streak marks a sharp acceleration, coming in at double the $1.9 billion of outflows across 2023 and 2024, the IIF said. South Africa is at risk of missing out on moves by global fund managers reallocating into regions outside of the U.S. without growth, said analysts, even as stocks trade at discount prices. "Investors are looking to diversify outside of the U.S., but that doesn't automatically (make) South Africa a primary destination," said Graham Tucker, portfolio manager at Old Mutual Investment Group. The local market was "relatively cheap", he added, but that reflected a decade of declining per capita income and depressed growth. Emerging stocks as a global asset class have suffered outflows more widely since October. But that changed in May when major emerging stock markets from Brazil to Turkey and from Taiwan to South Korea attracted fresh inflows, according to IIF data. Latin American countries are especially well-placed to benefit from the U.S. market shifts. The Johannesburg Stock Exchange has also seen higher volumes of investments in recent weeks, but rising purchases are matched by rising sales, the bourse's data shows. South African equities have delivered a 29% return in dollar terms year-to-date, placing them among the top five performers globally behind only Greece, Spain, Germany and Italy, Bank of America said. In the week to last Friday, non-residents bought more than 30 billion rand in South African stocks, the highest weekly value in years, but that also coincided with heavy selling of 24.70 billion, the JSE data shows. So far this year, non-residents have been net sellers of $5.9 billion, a billion more compared to the same period in 2024. "Foreign investors, if anything, behave like tourists. They will come for a trade, especially in gold stocks when the commodity runs, but they won't stay without long-term policy certainty," said Tucker. Higher offshore volumes mostly reflect global uncertainties, as the country's growth fundamentals have not improved significantly, Nedbank economist Isaac Matshego said. Data from the country's statistics agency showed last week that the country's gross domestic product stagnated in the first quarter, mainly owing to six straight months of contractions in the mining and manufacturing sectors. ($1 = 17.9439 rand)

Is Your Broker Gouging You? Use This Guide To The Best Buys In Money Markets
Is Your Broker Gouging You? Use This Guide To The Best Buys In Money Markets

Forbes

time31-05-2025

  • Business
  • Forbes

Is Your Broker Gouging You? Use This Guide To The Best Buys In Money Markets

Brokerage firms are short-changing customers with their money-market funds, says one angry commentator. Gosh. These brokers deliver a lot of terrific service for free (custody, trading, research). How are they supposed to pay for it all? Instead of grousing, do this: Accept the fact that the brokerage has to cover its costs, but arrange your affairs so that some other customer picks them up. This survey shows you how to side-step expensive money funds. The path to low-cost portfolio management has two elements. First is to set up your finances so that the cash in your transaction accounts, where you can't avoid high management fees, is kept to a minimum. The second is to shuttle excess cash in and out of some other safe, liquid investment, one with a low management fee. The transaction accounts, for paying bills, receiving direct deposits and settling securities trades, might have $10,000 most of the time and more than that only when there's a need. The low-fee account might have $100,000 most of the time. If you do business at Vanguard, that low-fee account could be a Vanguard mutual fund. Anywhere else, you have to be creative, because the money market fund on offer is going to be expensive. Instead of using a Schwab or Fidelity money fund for the $100,000, buy shares in an exchange-traded fund that behaves like a money fund but has a much lower expense ratio. You have to keep an eye on the balance in the transaction account. When it needs feeding, sell some of the ETF shares (or Vanguard fund shares) a day ahead. When the trade settles the following day, move cash into the transaction account. At some institutions you'll be juggling three pots of money: a brokerage account where you hold the ETFs and other shares; a 'settlement fund' that handles proceeds of stock sales and payments for shares bought, and a 'cash management' account that does your everyday banking. It's a shame that you have to juggle at all, but the brokers evidently hope that you won't have the patience for the transfers and so will leave idle cash in places where they can help themselves to a chunk of the interest. If you are inattentive, you will have too much in a settlement account with a disappointing yield or too much in a cash management account with a terrible yield. Not even Vanguard is above such mischief. It sells low-cost money funds, but the one you want most if you live in a high-tax state, Vanguard Treasury Money Market, cannot be used as your settlement fund for securities trades. (Why is it in Vanguard's interest to force you to pay state income tax? I'm waiting for an answer from the company.) Vanguard's cash management account has a 3.65% yield, which, at a time when Treasury bills yield 4.35%, is equivalent to a money market fund with a very stiff management fee. Let's assume you have wised up to moving cash into the brokerage account and want to deploy it. Where are the best deals? Here's what Vanguard has to offer in low-cost money-market mutual funds: For most Vanguard investors, the Treasury fund is the best choice, although the three funds with municipal paper might be useful to taxpayers in the highest federal bracket. Muni funds, it should be noted, have very volatile yields. A month ago they were paying a percentage point more. Everyone not banking at Vanguard needs to use an ETF to hold large cash balances. Here are the best ones: You can get in and out of a Vanguard mutual fund with no sales fee. In an ETF you're going to get hit with a bid/ask spread of a penny or two a share. Except over a short holding period, the trading cost is likely to be less consequential than the management fee. ETFs are a tiny bit riskier than money funds, since shifts in the yield curve can move their prices. This is a fair bet for you: Rate changes are as likely to make you a few extra cents a share as to lose you money. If the risk bothers you, sort the table on the duration column and select a very short-term portfolio. Now that you have optimized the yield from cash, ponder this question: Do you maybe have too much of it? I see three fallacies that lead savers to make this mistake. Fallacy #1: The bucket strategy. This one, oh so popular with financial planners, goes like this: Once you are retired, you need to have two years of spending in a cash bucket. That way, they tell you, you will not be forced to sell stocks at an inopportune time. To which I respond: Great. Now tell me when the opportune times to sell stocks will occur. Fallacy #2: The rainy-day kitty. This is the advice given to younger people. Put six months of spending into a bank account to cover emergencies. You could get laid off. I agree that a reserve fund, ideally outside your 401(k), is a great idea. But it doesn't have to be in cash equivalents. It could be invested in stocks and bonds. Their liquidity is high. You get next-day settlement. Instead of six months of spending in a CD, set aside 12 months of spending in ETFs. That gives you more protection and a better shot at living well later. Fallacy #3: The dry-powder notion. Instead of putting 100% of your stock money in stocks, you invest 80%, leaving money to deploy after a crash. This might work for Warren Buffett, who's sitting on a lot of cash at Berkshire Hathaway. But how confident are you that you can identify a market low? Did you buy stock in March 2009, during the financial crisis? Did you buy in March 2020, in the pandemic? If you didn't, maybe it's time to give up on the idea you can time the market. MORE FROM FORBES

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store