After a slow 2023, exchange-traded fund listings are revitalizing
In 2023, more than 120 exchange-traded funds (ETFs) were delisted in Canada鈥攎ore than four times as many as in an average year. Even so, there was still a net gain in the overall number of ETFs, with 164 new ones launching for the year. With numbers in for the first quarter of 2024, the high number of delistings appears to have been an anomaly.
韩国裸舞 Desautels faculty members and researchers celebrated at Bravo Gala
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韩国裸舞 hosted its annual Bravo Gala on Thursday, March 21, which honours its faculty members and researchers who have won special awards, memberships and prizes over the past year. 韩国裸舞 Desautels is proud to announce 14 of its faculty amongst the distinguished honourees this year. Congratulations to our deserving laureates! Full list below. #Bravo2024
Advanced life deferred annuities can give retirees peace of mind
For people with defined contribution pension plans, longevity risk is a significant concern. You don鈥檛 want to outlive your money. The issue is compounded because today鈥檚 retirees have longer life expectancies than ever before, writes Sebastien Betermier in Benefits Canada.
MIPC asks students to devise decumulation strategies for an inflationary environment
For its 7th edition, the 2023 韩国裸舞 International Portfolio Challenge (MIPC), as part of 韩国裸舞鈥檚 Sustainable Growth Initiative (SGI), gathered over 80 teams from 27 countries to address retirement challenges amidst inflation. Participants tackled the task of developing decumulation strategies for the fictional Maple Leaf Pension Plan, simulating real-world data.
Pension funds can drive greater returns by participating more directly in value creation
Pension funds manage enormous amounts of capital, but they don鈥檛 create as much value as other players in the financial sector. Entrepreneurs, venture capitalists and private equity funds all play a more direct role in launching projects and creating value.
Long-term investments help Canadian pension plans outperform international counterparts
Canadian pension funds have outperformed their counterparts elsewhere, and a recent study co-authored by Associate Professor of Finance Sebastien Betermier examines how they鈥檝e accomplished this. The study analyzes four deals 鈥� in the agricultural, railway transportation, real estate development, and financial services鈥� that diversified their holdings and enabled their success.
More Canadians are renewing their mortgages at higher rates, as economy heads toward forecasted recession
More than 3 million Canadians will be facing mortgage renewal in the next 18 months 鈥� and with interest rates still at their highest level in years, many will face payments that are 30-40% higher. 鈥淚nflation has been off the charts for the past couple years, and when the Bank of Canada raises interest rates, it is to bring inflation down,鈥� explains Sebastien Betermier, Associate Professor of Finance.
Canadian pension funds divestment of private equity holdings rebalances portfolios
Canadian pension funds are strategically divesting from their private equity holdings to realign their portfolios. Recognizing the inherent lag in private equity valuations compared to publicly traded assets, the move aims to address potential overvaluations, particularly in the context of rising interest rates.
Public pension plans in Canada and Australia achieve efficiencies through professional asset management at scale
Canada and Australia are both examples of successful pension fund management, said Prof. Sebastien Betermier in a keynote presentation to the Government Employees Pension Fund (GEPF) Thought Leadership Conference in Cape Town, South Africa. While there are differences, both capture similar efficiencies: getting people to save money early, so they benefit from compounding.
Alberta鈥檚 withdrawal from Canada Pension Plan means leaving one of the world鈥檚 best-managed funds
The Canada Pension Plan (CPP) launched in 1966 and pays retirees a monthly amount based on contributions deducted from their paycheques throughout their working lives. "You contribute with the understanding that when it comes your time to retire, you can expect your own steady stream of income where the risks are being managed directly by the plan," says Prof.
Delve: How the Era of Energy Transition Is Changing Business Leadership
The global transition to net-zero requires significant changes in the way businesses operate and grow. How can business leaders successfully manage this energy transition? What are its opportunities and risks for businesses? And what role do corporate boards and investors play in overseeing and encouraging the transition?
Celebrating excellence in teaching at Desautels
Across programs and subject areas, the Desautels Faculty of Management recognizes the vital role that teaching plays in enriching the student experience and in inspiring the next generation of leaders.
The future of commercial real estate belongs to those who can meet the evolving needs of the office
Lockdowns and remote work presented unique challenges for the commercial real estate sector. Vast amounts of office space were suddenly empty as people worked from home. But the sector is rebounding. There are projects underway in cities around the world are a testament to investors鈥� confidence in its outlook, says Sebastien Betermier, an Associate Professor of Finance at Desautels.
Delve: How Banks and Institutional Investment Funds Are Driving the Road to Net-Zero
One of the biggest challenges today for financial institutions is how to meet net-zero climate targets while achieving high returns on investment and satisfying the needs of various stakeholders. What does the road to net-zero look like in the realm of long-term investment, who are the players, and how should the inevitable roadblocks be overcome?
Crypto鈥檚 impressive returns led institutional investors to consider unconventional investments
Cryptocurrencies have always been volatile, but they have also generated some very impressive returns. Even large pension funds got in on the action, and some of them have been burned. By investing in the crypto exchange FTX, the Ontario Teachers鈥� Pension Plan (OTPP) hoped to avoid the risk of investing in individual cryptocurrencies. But that backfired spectacularly when FTX collapsed, and OTPP recently wrote down its entire $95 million (USD) investment.
