Both US and Canadian stock indices are practically at their all time highs right now.[/QUOTE said:Yeah, I don't know about US stocks, but the Canadian Index has been pretty much sideways for quite some time except for that nasty dip in January 2019.
Here's a simple 1 year chart of XIC. Certainly nothing to hang your hat on.
Even back to Jan 2018, the Canadian Index looks a bit anemic since then. No real gains.
Here's a chart of XIC since Jan 2018.
I don't buy US Indexes myself, but I understand they've done well, but I can't say the same for Canadian Indexes.
As far as individual Canadian stocks, some have done well and some not. I've done pretty good this year, but the Index ain't that great if you discount the dip.
I'd call it a sideways market in Canada for a couple years. You have to work at it to make money.
Actually, those charts are from the TMX site including dividends, but they did completely modify their web site about 2 weeks ago, so maybe the charts aren't working as advertised.Those are non dividend adjusted charts, and the Canadian index has large dividends compared to S&P 500 so you have to look at total return.
Here's total return of XIC over 4 years... Canadian stocks are quite high right now, just about at all time highs. We're now up 54% since the TSX low in 2016. Are my eyes deceiving me? This looks like a strong bull run in the TSX.
Don't you love it when websites subscribe to, "it ain't broke, but we'll fix it anyway".Actually, those charts are from the TMX site including dividends, but they did completely modify their web site about 2 weeks ago, so maybe the charts aren't working as advertised.
OMG OMO (I always wanted to say that), it appears that the new advanced charting for TMX simply doesn't work. The reason I didn't go to the 'Click here to access legacy charting' is because they have degraded that also by not allowing cursor pricing.Don't you love it when websites subscribe to, "it ain't broke, but we'll fix it anyway".
It looks to me like your chart was pulled from the 'Quote' tab for xic. You can click on the 'Charting' tab and then click on 'Click here to access legacy charting' to get the old format. Who knows how long that choice will exist though. As they say, "all good things come to an end".
The quote tab will not allow you to integrate dividends and splits (only show what date they occurred). The charting tab (new format) allows you to choose dividends and splits, but it doesn't actually work as far as I can tell. :rolleyes2: Maybe the adage is "it ain't broke, so we'll break it"?
Anyway, the 'legacy' charting does still work to provide a 'total return'. As with all of these total return charting apps, what they actually do is artificially reduce the starting share/unit value for the selected period so that total return over the period takes you to the current price.
I prefer to add one or more comparison items to the chart and then it will then give you a % return over the period - either with or without reinvested dividends depending which you have selected. Choose another etf, mf or stock - don't choose an index as a second item because it will not give a proper total return.
The legacy charting does not allow a custom period, only the canned periods. Oh well, I guess we get what we (didn't) pay for.
I think that is a bit of an overstatement. Mawer did ask for a strategic review. Quoted from Dec 7, 2018 G&M articleMAW105 is the only mutual fund I own. I have held it for a good number of years now. I was not aware that they put themselves up for sale.
It was a test of worth. Nothing to fret much about really. Everyone has a price.Mawer launched its strategic review after a number of long-standing independent firms sold themselves to large Canadian banks. In 2018 alone, Bank of Nova Scotia acquired MD Management for $2.6-billion and Jarislowsky Fraser Ltd. for $950-million, while Toronto-Dominion Bank acquired Greystone Managed Investments Inc. for $792-million.
Lately, the banks have been hungry for asset managers because they see wealth management as their major growth driver over the next decade. The lending and housing boom is cooling, and baby boomers are approaching and entering retirement, which raises questions about saving and investing.
Many asset managers are also searching for scale. The share of investable assets that are in exchange-traded funds is growing rapidly, and the biggest global providers of ETFs, such as BlackRock Inc., can spread their fixed expenses over trillions of dollars in assets. In turn, they charge extremely low fund fees. Rivals often feel the need to acquire in order to compete.
Against this backdrop, asset managers have been selling for good prices. Canadian money managers are typically purchased for somewhere between 1 per cent and 3 per cent of their assets under management (AUM), but Bank of Nova Scotia recently acquired MD Management for 5.3 per cent of its AUM. At that same level, Mawer would have been worth $2.65-billion.
Calgary’s Mawer Investment Management Ltd., which oversees $50-billion of client money, has decided not to sell itself. Instead, it will forge ahead as an independent firm.
For more than 40 years, Mawer has operated as an independent that is free from bank ownership. In November, however, the company revealed that it had hired bankers to consider a sale amid a frothy market for asset managers.
At the time, Mawer stressed that a sale was not guaranteed. On Friday, the firm formally ruled one out.
“While we appreciate the external interest in the firm, the process reconfirmed our long-standing belief that Mawer’s high-performing team and culture, investment approach, and client-centric focus is best sustained by continuing our independent ownership model started over 40 years ago,” Mawer president Michael Mezei said in a statement.
There's a thorough discussion here: Why not ZMI instead of VBAL?Has this been discussed here? - a balanced monthly income ETF from BMO.
According to the Stockchase comments, that was once the case, but things have changed.I was interested in ZMI at first, but then others pointed out that it achieves high yields through some of the exotic derivative based funds. It's too weird for me.
Larry Berman, who likes to be an ETF guru seems to think ZMI is a good etf. Nevertheless, I don't like the idea that it is made up of all those subsidiary etfs. But then Maw104 is like that too? But maybe less complex?This was a little bit controversial because it was including a lot of “return of capital” rather than “return on capital” because of some of the investments they had. They have changed this in the last few months so it is a more straightforward ETF. Nothing wrong with it. It has a whole bunch of different products in it and now it is fine.