Global Economics & Capital Markets

Episode 63: Update on the Results of Active vs Passive Management for 2023 & Review of the 2024 Federal Budget and the New Rules That Affect Investors

Update on the Results of Active vs Passive Management for 2023 & Review of the 2024 Federal Budget and the New Rules That Affect Investors

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle at PWL Capital Montreal start by giving an update on the results of active vs passive management for 2023. 

They then review the 2024 Federal Budget and the New Rules that affect Investors.

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.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle: You’re listening to Capital Topics, episode #63! 

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 the following points: 

  • First, we will give you an update on the result of active vs passive management for 2023. 

  • And next, for our second topic, we will review the 2024 Federal Budget and the New Rules that affect Investors. 

Enjoy! 

1) UPDATE ON THE RESULTS OF ACTIVE VS PASSIVE MANAGEMENT FOR 2023  :

François Doyon La Rochelle: For our first topic today, as we have done in the past, we will look at the results of active management versus passive or in other words, indexing strategies for 2023. This is an annual exercise that we perform. We look at the data from a report produced by S&P Dow Jones Indices which measures the results of the S&P Indices versus active funds. This report is called the SPIVA Canada Scorecard.  

James Parkyn : Yes François, in addition to the SPIVA Scorecard we also look at the results of the Morningstar U.S. Active vs Passive Barometer report which compares the performance of active funds against their respective passive peers. Although this is a U.S.-centric report, we feel that it is more complete than the SPIVA report since Morningstar measures the rate of success of active managers against the results of actual passive funds and not indexes. …Read More

Episode 60: 2023 Investing Lessons and the review of “The Price of Time” by Edward Chancellor

2023 Investing Lessons and the review of “The Price of Time” by Edward Chancellor

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle will continue their yearly tradition and discuss the Investing Lessons of 2023

Then, they review “The Price of Time” by Edward Chancellor, a book that they highly recommend for all their listeners.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle: You’re listening to Capital Topics, episode #60!

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 the following points:

For our first topic, we discuss the investing lessons of 2023.

And next, for our main topic, we will review the book titled “The Price of Time” by Edward Chancellor.

Enjoy!

1) 2023 INVESTING LESSONS :

François Doyon La Rochelle: I will start. In our last podcast, #59, we reviewed the capital markets results for 2023 and by doing so we underlined the main economic and geopolitical events that we believe have shaped the capital markets results last year. This being said every year brings valuable lessons to investors to help us stay disciplined and focused on the long-term and avoid being deterred by the short-term noise. So, James, as we do every year at this time, let’s review the Investing Lessons of 2023…Read More

Episode 59: 2023 Capital Markets Year in Review and How to Measure Your Portfolio Performance

2023 Capital Markets Year in Review and How to Measure Your Portfolio Performance

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle will start the new year by covering the global capital markets performance for 2023.

Then, they tackle how to measure your portfolio performance. Which goes hand in hand with the first topic.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle: You’re listening to Capital Topics, episode #59!

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 the following points:

For our first topic, we will review the 2023 Market Statistics.

And next, for our main topic, we will discuss how to measure your portfolio performance.

Enjoy!

1) 2023 CAPITAL MARKETS YEAR IN REVIEW :

François Doyon La Rochelle: Before we start, I would like to wish our audience a happy, healthy, and prosperous New Year. This being said we have two timely topics to cover today. So, with another year passing by, I will start and cover the global capital markets performance for 2023. To help with the discussion, I will be going through our market statistics page, a document you can find on our website Capital Topics in the resources section, or directly on our team’s page on the PWL Capital website…Read More

Episode 55: Mid-Year Review of Markets and Update on Inflation

Mid-Year Review of Markets and Update on Inflation

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle review the Market Statistics as of June 30,2023 and update their listeners on Inflation.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle: You’re listening to Capital Topics, episode #55!

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 the following points:

For our first topic, we will review and comment the market statistics for the first half of the year.

And for our next topic, we will give you an update on inflation.

Please note before we move on to our topics that we will take a summer break. We will be back for our next episode on September 28th.

Enjoy!

1) MID-YEAR REVIEW OF MARKETS :

François Doyon La Rochelle: I will start today with a review of the market statistics as of June 30, 2023. So, after a very difficult year in 2022 when pretty much all asset classes posted big losses, I’m sure our listeners will be relieved and happy to hear that in the first half of 2023 stocks and bonds are generating positive returns. These positive returns are across the board as all the asset classes we follow, except for one, are in positive territory.  As a reminder, you can find our Market Statistics report on our Capital Topics website in the resources section or on the PWL Capital website in our team section. We will provide the link for the market stats on the podcast page…Read More

Links:

-Market Statistics – June 2023 : Market Statistics - Statistiques de marché (pwlcapital.com)

Episode 51: Update on Active Vs. Passive & Global Banking Solvency

In this Episode, James Parkyn & François Doyon La Rochelle discuss the following subjects:

·         In the news: Global Banking Solvency

·         Main Topic : Update on Active Vs. Passive

In this episode, we invite our listeners to check our latest feature below. For the first time we share the Podcast Script which was a request from some of our audience.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle: You’re listening to Capital Topics, episode #51!

This is a monthly podcast about passive asset management and financial and tax planning ideas for 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 the following points:

For our first topic, we will discuss news on bank solvency. 

And next, for our main topic, we will give you an update on the results of active management versus passive for 2022. 

 Enjoy!

1)  IN THE NEWS: GLOBAL BANKING SOLVENCY

 François Doyon La Rochelle: Our first topic today is news about Bank Solvency. James, you will address the major news story of the failure of Silicon Valley Bank, also known by the acronym SVB, in the US and the fear of contagion spreading to other US and International banks, especially after the news of the forced merger of the Credit Suisse bank with UBS in Switzerland. Credit Suisse bank was among the top 30 globally systemic important banks. Now, many of our Listeners are wondering: Is this the beginning of a major Banking crisis as we saw 15 years ago in 2008-2009 with the Global Financial Crisis?…Read More