Market Ethos - September 18th, 2017

Published by Richardson GMP Asset Management on Sep 18, 2017

Core Income Refresh - Part 2 Commodities   A number of times during the year we break from our traditional approach of portfolio management and conduct what we call a “refresh”. Each member of the analytical team conducts independent research into sector...... Continue reading

Market Ethos - September 11th, 2017

Published by Richardson GMP Asset Management on Sep 11, 2017

Core Income Refresh - Part 1 Rate Sensitives   A number of times during the year we break from our traditional approach of portfolio management and conduct what we call a “refresh”. Each member of the analytical team conducts independent research into...... Continue reading

Market Ethos - September 5th, 2017

Published by Richardson GMP Asset Management on Sep 05, 2017

The Great ETF Bubble?   The popularity of ETFs has accelerated in the past year based on net inflows. This has caused some to wonder if this is creating a new kind of bubble in the market. Most ETFs are market cap based and inflows are allocated across...... Continue reading

Market Ethos - August 28th, 2017

Published by Richardson GMP Asset Management on Aug 28, 2017

Fundamentals - The good & the bad   Earnings and sales growth were impressive this past earnings season, likely helping the market navigate some of the geopolitical bumps of late. In this edition we slice up valuations from a few perspective that clearly...... Continue reading

Market Ethos - August 21st, 2017

Published by Richardson GMP Asset Management on Aug 21, 2017

Market Clock - How to Use It   This week we have updated our Market Clock asset allocation framework, which still favors a continuation of the current bull cycle. 21 of our 30 indicators are bullish, which is a healthy amount. Also included is how we...... Continue reading

Market Ethos - August 14th, 2017

Published by Richardson GMP Asset Management on Aug 14, 2017

Behaving Irrationally   The essence of money management can be encapsulated in searching for investments that are trading below their intrinsic value. Buying these companies low, and as the market comes around to realize their intrinsic value, the price...... Continue reading

Market Ethos - August 8th, 2017

Published by Richardson GMP Asset Management on Aug 08, 2017

Unhedged   While we have written a few times of late on currency, given the continued moves in the USD/CAD and a recent unwind of our currency hedge, we are back talking currency again. In this edition we share our view on the USD/CAD, how we are positioned...... Continue reading

Market Ethos - July 31st, 2017

Published by Richardson GMP Asset Management on Jul 31, 2017

Herd Behavior   Behavioral biases, driven by human emotion, often negatively impact investor returns.  In this week’s Market Ethos we share our views and work on Herd Behavior. While it would appear it is more comfortable to go along with the consensus...... Continue reading

Market Ethos - July 24th, 2017

Published by Richardson GMP Asset Management on Jul 24, 2017

The Consumer Part 2: Changing Behaviors    The way we spend our time and money has been changing. Selfies are a new form of ‘art’ work, more communication is done with emojis and worser grammar than ever before and shopping continues to move out of the...... Continue reading

Market Ethos - July 17th, 2017

Published by Richardson GMP Asset Management on Jul 17, 2017

The Consumer   Unemployment is low, wages are rising, and confidence is high, despite ‘perfect storm’ conditions, retail sales remain somewhat subdued. In this Ethos instalment we examine the health of the U.S. consumer, and look into which industries...... Continue reading