Episode #89: Financial Markets Update: 2026 Mid Year Market Check In

Financial Markets Update: 2026 Mid‑Year Market Check‑In

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, François Doyon La Rochelle and James Parkyn review the global capital markets performances for the first half of 2026. 

Or you can listen to this podcast using a streaming platform

EN:
 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

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Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #89!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In our podcast today we will review the global capital markets performances for the first half of 2026. 

Enjoy!

2)   FINANCIAL MARKETS UPDATE: 2026 MID-YEAR MARKET CHECK-IN:

François Doyon La Rochelle:

We’ve officially reached the halfway point of 2026, and as we usually do at this time every year, we’re taking a step back to look at what has shaped global markets over the past six months. If I had to summarize the first half of 2026 in one word, it would be… eventful. Not chaotic like last year, but full of surprises that kept investors on their toes…Read More

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Episode #88: ETF Mania: What 2025 Taught Us About Innovation, Noise, and Staying Disciplined

ETF Mania: What 2025 Taught Us About Innovation, Noise, and Staying Disciplined

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, François Doyon La Rochelle and James Parkyn review the ETF landscape for 2025 and what it has taught us about innovation, noise, and the need to staying disciplined.

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

contact us

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #88!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In today’s episode, review the ETF landscape for 2025 and what it has taught us about innovation, noise, and the need to staying disciplined.

Enjoy!

2)   ETF MANIA: WHAT 2025 TAUGHT US ABOUT INNOVATION, NOISE, AND STAYING DISCIPLINED:

François Doyon La Rochelle:

In today’s podcast we will be diving into the ETF landscape after what was arguably a wild year for ETF launches both in the U.S. and in Canada. In 2025 more ETFs were launched than ever before, especially more active ETFs than plain vanilla index-based ETFs, and frankly I believe that a lot of those products don’t look like they were built with investors in mind. At least not those with a long-term investor mindset. So today we’ll ask a simple question: Is all this innovation helping investors? …Read More

Links:

- SPIVA® Canada Year-End 2025 - SPIVA | S&P Dow Jones Indices by Joseph Nelesen, Lucas Hyman & Davide Di Gioia – S&P Global

- US Active/Passive Barometer Report: Year-End 2025 | Morningstar by Bryan Armour, Eugene Gorbatikov & Maciej Kowara - Morningstar

Stay informed and inspired. Subscribe to our Bi-Weekly Newsletter for the latest podcasts, blogs, and James & François’ top reads from the past two weeks.

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Episode #87: The Future of Wealth Management Started in 1996: The PWL Capital Story

The Future of Wealth Management Started in 1996: The PWL Capital Story

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, François Doyon La Rochelle celebrates PWL’s 30th anniversary by discussing the company’s history with James who is one of PWL’s co-founders.

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

contact us

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #87!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In today’s episode, since PWL Capital is now celebrating its 30th anniversary we will discuss the history of PWL with James who is one of the co-founders.

Enjoy!

2)   THE FUTURE OF WEALTH MANAGEMENT STARTED IN 1996: THE PWL CAPITAL STORY:

François Doyon La Rochelle:

Today, James, we are going to discuss the history of PWL Capital, which is celebrating its 30th anniversary.  We thought the best way to tackle this topic was to do it in a Q&A format, with me asking you, James, a co-founder, questions about PWL's history.

The firm was founded in 1996.  What was the vision for the firm at that time?…Read More

Stay informed and inspired. Subscribe to our Bi-Weekly Newsletter for the latest podcasts, blogs, and James & François’ top reads from the past two weeks.

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Episode #86: Diversification, the Value Premium and the Importance of the Profitability Factor

Diversification, the Value Premium and the Importance of the Profitability Factor

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle discuss diversification, the value premium and the importance of the profitability factor.

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

contact us

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #86!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In today’s episode, we discuss diversification, the value premium and the importance of the profitability factor

Enjoy!

2)   DIVERSIFICATION, THE VALUE PREMIUN AND THE IMPORTANT OF THE PROFITABILITY FACTOR:

François Doyon La Rochelle:

James, I will start this off for our Listeners.  Our recent Podcasts have addressed fundamental concepts for Investors.  In our Podcast #84, we tackled Risk Profiling, covering the two components of Risk Tolerance and Risk Capacity.  And in our most recent Podcast #85, we did an update on the Active vs. Passive debate.

Our Listeners know that the markets are now struggling with how to figure out the short- and long-term impacts of the War in Iran.  No one has a crystal ball and can predict how it will turn out.  At the end of the day, what is critical for Investors is how they will manage their emotions in this sea of negative headlines.  We have been consistent in telling our listeners that it is imperative they tune out the noise in the financial media.  But easier said than done.

This leads us to today’s topics, which will start with a discussion about diversification. We are also going to go beyond broad market stock exposures by doing an update on two other dimensions of diversification, which are the Value premium and the Profitability factor.  So, James, where would you like to start?…Read More

Links:

- Who Is On the Other Side? A Framework for Understanding Market (In)Efficiency | Morgan Stanley By Michael Mauboussin & Dan Callahan – Morgan Stanley Investment Management

Stay informed and inspired. Subscribe to our Bi-Weekly Newsletter for the latest podcasts, blogs, and James & François’ top reads from the past two weeks.

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Episode #85: Active vs Passive – Who Is on the Other Side of the Trade?

Active vs Passive – Who Is on the Other Side of the Trade?

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle discuss with Raymond Kerzerho, PWL’s Senior Researcher, a recent research paper from Morgan Stanley entitled “Who is on the Other Side”.

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

contact us

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #85!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In this episode, we will discuss with Raymond Kerzerho, PWL’s Senior Researcher about a recent research paper from Morgan Stanley entitled “ Who is on the Other Side”.

Enjoy!

2)   ACTIVE VS PASSIVE – WHO IS ON THE OTHER SIDE OF THE TRADE:

François Doyon La Rochelle:

So welcome back to the show Ray. Today, we're unpacking a heavy-hitter report from Morgan Stanley called Who's on the Other Side. It's all about the tug of war between active and passive investing.…Read More

Links:

- Who Is On the Other Side? A Framework for Understanding Market (In)Efficiency | Morgan Stanley By Michael Mauboussin & Dan Callahan – Morgan Stanley Investment Management

Stay informed and inspired. Subscribe to our Bi-Weekly Newsletter for the latest podcasts, blogs, and James & François’ top reads from the past two weeks.

SUBSCRIBE