Thought Leadership

Tax Efficient Fixed Income 4th Quarter Market Commentary

January 13, 2017

This commentary reviews the previous quarter and discusses our outlook and investment approach for the coming months. Commentary Highlights: Record municipal issuance, higher US interest rates and concerns over how the new administration’s policies would impact municipal bonds led to a challenging quarter for the municipal bond market.     2016’s record level of new issue […]

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Donald Trump, Camelot, and the Ghost of the New Frontier

January 09, 2017

Jonathan E. Lewis, Fiera Capital Inc. Chief Investment Officer, shared a speech on January 5th at the Empire Club of Canada in Toronto. In his speech, Lewis explains how President Kennedy’s New Frontier offers us a historical parallel for the new Trump Administration. Please click here to view his speech, and here to read it. 

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Looking Ahead: Post-Election Assessment

December 15, 2016

Please click here to read the analysis by Carolyn N. Dolan, Executive Vice President and Head of Direct Client Investments, and Joseph A. Abraham, Senior Vice President of Direct Client Investments, on potential changes that the Trump administration’s pro-growth proposal may have on markets. 

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Bulletin: Preliminary Analysis of President-Elect Trump’s Proposed Policies

December 08, 2016

Please click here to read the analysis by Judy Wesalo Temel on the potential implications of the Trump Administration’s proposed policies for the municipal market.

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Bulletin: Post-Election Market Reaction Continues

November 23, 2016

Please click here to read the analysis by Jonathan Lewis on the market’s continuing reaction to the presidential election.

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Bulletin: Corporate Credit Reaction to New Political Landscape

November 23, 2016

Please click here to read the analysis by Miriam Legrand on the corporate credit market reaction to the changing US political landscape.

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Bulletin: Post-Election Market Reaction

November 11, 2016

Please click here to read the analysis by Jonathan Lewis on the market’s reaction to the presidential election.

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Taxable Fixed Income 3rd Quarter Commentary

October 28, 2016

This commentary reviews the previous quarter and discusses our outlook and investment approach for the coming months. Commentary Highlights Recent years have been littered by crises that threatened to undo the post Great Recession recovery. This parade of crises has sustained accommodative central bank policies, low rates, and investors’ search for yield. We believe that […]

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Tax Efficient Fixed Income Market Commentary: 3rd Quarter 2016

October 11, 2016

This commentary reviews the previous quarter and discusses our outlook and investment approach for the coming months. Commentary Highlights The continued strong performance of fixed income markets during early July contributed to our decision early in the quarter to reduce our average duration targets to a neutral position from being moderately long. Although the Fed […]

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Bulletin

September 23, 2016

Please click here to read the analysis by Jonathan Lewis on the market’s reaction to central bank decisions.

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