Where to find Nicolas Piquard:

HURA – Horizons Global Uranium Index ETF

Episodes

Key Investment Themes in Tumultuous '22

Mark Noble, Executive Vice President, ETF Strategy joins us to discuss the reasons markets have become so fragile in the wake of COVID, the inflation trend, rising rates and the war in the Ukraine which are defining the beginning of perhaps a new economic and market regime, and giving sharp definition to a number of key investment themes.

We discuss the investing climate, and thematic investment trends and opportunities, some of which are still in their infancy, and some that are more mature, but have been made all the more enticing post this year’s tumultuous first trimester and stock market’s profound volatility and correction.

We hope you find the discussion insightful and useful.

Where to find Mark Noble:

Mark Noble on Linkedin

Thematic ETFs Mentioned:

HLIT – Horizons Global Lithium Producers Index ETF

HMMJ – Horizons Marijuana Life Sciences Index ETF

CHPS – Horizons Global Semiconductor Index ETF

Episodes

Does Seasonal Rotation Work?

Brooke Thackray, Research Analyst, Horizons ETFs Management, and Kim Inglis, Portfolio Manager at Raymond James Canada join us for a fascinating deep dive looking at ‘seasonal rotation’ investment strategy, the revealing and repetitive behavioural patterns that define key undercurrents in markets, and how he approaches the nuanced task of navigating annual seasonal uptrends and downtrends across a variety of equity markets, equity sectors, the bond market, and other asset categories.

Brooke Thackray provides the research and analysis that guides the Horizons Seasonal Rotation ETF, ticker HAC. We quickly set aside the question of “How has the Seasonal Rotation strategy worked?” and get into the nuts and bolts of Thackray’s research and implementation – “How do you do it?”

It’s noteworthy to mention here that HAC is Canada’s longest tenured actively-managed, multi-asset strategy ETF.

What you’ll discover is that Thackray’s approach to seasonal rotation, and the technical analysis work that supports the strategy’s strict, but flexible, and systematic approach has for the better part of 12 years, been an underloved darling among actively managed ETFs.

Enjoy the episode! Like, follow, and subscribe to our channel, and leave us a comment. Please help us get the word out and grow our following.

Where to find Brooke Thackray:

Brooke Thackray on LinkedIn

Brooke Thackray – alphaMountain

Horizons Seasonal Rotation ETF (HAC)

Where to find Kim Inglis:

Kim Inglis on Linkedin

Kim Inglis – Inglis Private Investment Counsel

Kim Inglis – Raymond James Canada

Where to find the Raise Your Average crew:

Ronald Landry on Linkedin

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“You don’t have to be brilliant, just wiser than the other guys, on average, for a long time.” Charlie Munger

Welcome to Raise Your Average, our deep dive journey into learning from the people and process behind the world of investing. Through conversations with leaders in the investments game, we peel back the layers of the onion on how these holders of the keys to the kingdom allocate their time, their energy, and their dollars.

We are all students and we are all teachers. We are the average of the 5 people we spend the most time with. Come hang out with us for a while and raise your average, as we raise ours.

Episodes

115 Canadian ETF Trends 2022 Update w/ Ronald Landry, CIBC Mellon

Ronald Landry, Head of Product & Canadian ETF Services at CIBC Mellon joined us for a look at the trends and developments that are shaping the growth of the Canadian ETF industry. Landry has been in the Canadian investment management industry for nearly 30 years, spending the past most recent 20 years in the once-nascent, and now flourishing ETF industry.

Markets have gotten off to a rough in 2022, and we’ve just been through some pretty tumultuous, AND exciting times during the last two years, and what were until the end of 2021 pretty hot investment markets. From his unique position at the centre of the Canadian ETF industry, Landry shares his thoughts on what he is most excited about, what’s changing, and what’s new.

We discuss some of the biggest trends driving the Canadian ETF space – What’s been expanding, what’s been receding, the fastest growing segments, and some insights on flows and investor behaviour.

Our conversation turns as we get into how the change in regime that is taking place in the context of inflationary pressures and rising rates are re-directing flows and product formation, and the newest kinds of ETF solutions, as well as the progress that’s happening vis-à-vis liquid alts ETF formations.

Finally, Landry, who has been closely watching the ETF and markets’ regulatory landscape reveals some big changes that are coming on the settlement (T+1, T+0) and improved taxation and efficiency (re: taxable distributions from funds).

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Where to find Ronald Landry:

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Episodes

114 The Coming Boom in Medical Breakthroughs w/ Lisa Langley and Ali Urman

If you’re at all interested in what the next decade has in store for investors in the Genomics and Biotech Sector, stay tuned. The innovation, disruption, and breakthroughs taking place at companies in this space are destined to be among the most exciting for investors in the period ahead.

It was an honour to chat with Emerge Canada CEO, Lisa Langley and ARK Investments’ Ali Urman about the Genomics and Biotech Sector, as defined by the holdings of the Emerge ARK Genomics and Biotech ETF (ticker: EAGB:NEO).

Lisa Langley is CEO at Emerge Canada Inc. Her firm is the sponsor of Emerge ARK ETFs. Lisa Langley’s firm, Emerge Canada launched the Emerge Canada Inc. in 2019 to bring Canadians actively managed, innovation focused investment strategies. Emerge offers ETFs, Mutual Funds and Separate Accounts, sub-advised by ARK Investments, led by investing legend and household name, Cathie Wood.

Ali Urman is ARK Invest’s Genomic Revolution analyst, responsible for the company’s research on Gene editing, DNA sequencing, Stem cell technologies & Immunotherapy.

We discuss the Genomic revolution – Ali explains the transformative convergence of Next-generation DNA sequencing, Artificial Intelligence & CRISPR gene editing. We talked about some of the revolutionary medical breakhthroughs borne out of the massive progress taking place in biotechnology. Following this we get into how ARK picks their Genomics stocks, and the once in decades opportunity markets have handed investors post the recent market drawdowns of the last year, to accumulate diversified holdings in the space. Enjoy the episode.

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Emerge Canada Inc.

Emerge ARK Genomics & Biotech ETF -ticker: EAGB

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ARK Investments – Big Ideas 2022

Ali Urman’s section at pg. 77

ARK Investments Big Ideas 2022

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Episodes

113 Eric Balchunas' The Bogle Effect

Eric Balchunas, Bloomberg’s Senior ETF Analyst joins us for a conversation about his journey and discoveries in the course of writing “The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions.”

Eric has a unique perspective as a senior ETF analyst at Bloomberg Intelligence, having researched and analyzed the Bogle Effect extensively. He is able to combine his data with interviews with Jack Bogle himself and over 50 people who knew him well, including Warren Buffett, Micheal Lewis, Cathie Wood, Cliff Asness, John Bogle Jr., Brad Katsuyama, Gus Sauter and Jason Zweig.

One of Balchunas’ big takeaways is the revelation that passive investing and index funds are not to blame for the rise of passive investing, as they would not have been a big deal without Vanguard’s structure, in the first place.

The Bogle Effect is a biography, analysis, and how-to guide with Balchunas as your tour guide. Through his experiences and insights, Balchunas helps investors and professionals understand the ways that Vanguard and Bogle have impacted the industry.

“He commandeered trillions of dollars, and he only made a few million himself. In the history of Wall Street, the ratio of money touched to money taken was never so high.”- Michael Lewis

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Where to find Eric Balchunas

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Eric Balchunas on Twitter

Eric Balchunas on Linkedin

Trillions Podcast (Bloomberg)

Trillions Podcast (Apple)

The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions

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Where to find the Raise Your Average crew:

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It’s Time to Clean Up Managed Futures Mutual Funds

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“You don’t have to be brilliant, just wiser than the other guys, on average, for a long time.” Charlie Munger

We are all students and we are all teachers. We are the average of the 5 people we spend the most time with. Come hang out with us for a while and raise your average, as we raise ours.

Music credit: In Hip Hop, Paul Velchev (8MJZA6T3LK)

Episodes

112 Andrew Beer on Simplifying Managed Futures and Liquid Alts Exposure

Our very special guest Andrew Beer, has a fascinating background and career in finance. He is a managing member at Dynamic Beta Investments, one of the oldest firms doing liquid alternatives. Their mission is to sponsor and roll out ETFs that look like managed futures (CTAs) and hedge funds, except with full transparency, liquidity, and none of the high fees.

Dynamic Beta Investments’ approach is both unique and fascinating, which brings Jack Bogle’s philosophy to the managed futures (CTAs) and hedge fund space.

If you’re looking to liquid alts or manage futures and want to learn more about how these things work, stay tuned, you’ll find this to be an enlightening and insightful conversation.

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Where to find Andrew Beer:

Andrew Beer on Linkedin

Andrew Beer on Twitter

Dynamic Beta Investments

Relevant publications:

Liquid Alternatives – 2.0

How Hedge Funds Became the New Fixed Income Substitute

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Where to find the Raise Your Average crew:

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Vitali Mossounov on LInkedin

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“You don’t have to be brilliant, just wiser than the other guys, on average, for a long time.” Charlie Munger

We are all students and we are all teachers. We are the average of the 5 people we spend the most time with. Come hang out with us for a while and raise your average, as we raise ours.

Music credit: In Hip Hop, Paul Velchev (8MJZA6T3LK)

Episodes

111 Investing in Technology Leaders of Today and Tomorrow in 2022?

Technology stocks have had a rough start to date in 2022, and currently remain in and around correction territory after temporarily slipping into bear market territory just a few short weeks ago, as measured by the Nasdaq 100 index.

Vitali Mossounov, Portfolio Manager and Global Technology Analyst, and Jonathan Needham, Vice President of ETF Distribution, at TD Asset Management joined Pierre Daillie to talk about how the external financial conditions of rising rates have led to this pullback year-to-date, despite blockbuster corporate earnings reports for the end of 2021.

We discuss the fundamental underpinnings for the strong mega-cap bellwether technology stocks, such as Apple, Microsoft, Google, and Facebook, found in the TD Global Technology Leaders Index ETF (TEC), and higher-growth technology innovators such as AMD, Broadcom, Crowdstrike, and Shopify, found in the Global Technology Innovators Index ETF (TECI).

Vitali Mossounov and Jonathan Needham provide their thesis and thoughts on the way forward for tech stocks.

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Where to find our guests:

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Jonathan Needham on Linkedin

Episodes

110 Hugh Hendry: War Europe Inflation U.S. China Dislocations Bonds Equities Carbon Metaverse

Hugh Hendry, The Acid Capitalist, Macro-Advisor, and Founder of Eclectica Asset Management, joins us for a creative and critical, hot-take filled conversation.

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HIGHLIGHTS

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– Blunderer Putin’s absurd personal ego-fueled tragic war on Ukraine

– Europe caught on the backfoot

– Inflation, what it is and is this it, yet?

– Natural gas, Pipelines

– Gold

– the unbalanced symbiosis that is U.S.-China trade, currency and policy malaise

– the realities facing the bond market

– bifurcation and dislocation in markets

– the crisis and opportunity in equity market ‘glitches’

– the Carbon Credit system, how it works, how it can work, and it’s inevitable future value,

– the meaning and significance of ‘The Metaverse’ and NFTs and why and who it matters to.

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Where to find Hugh Hendry:

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Hugh Hendry Official on Youtube

[Download] Hugh Hendry’s ‘Dawn of Chaos’ Report

HughHendry.com

Hugh Hendry on Instagram

Hugh Hendry on Twitter

Hugh Hendry on Linkedin

BlancBleu Saint Barts

BlancBleu Saint Barts – Press

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Where to find the Raise Your Average crew:

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Sionna Investment Managers

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“You don’t have to be brilliant, just wiser than the other guys, on average, for a long time.” Charlie Munger

We are all students and we are all teachers. We are the average of the 5 people we spend the most time with. Come hang out with us for a while and raise your average, as we raise ours.

Music credit: In Hip Hop, Paul Velchev (8MJZA6T3LK)

Episodes

109 Kim Shannon: Value Investing, Inflation & Canadian Equities

Kim Shannon, Founder & Co-CIO, Sionna Investment Managers, joins us on Raise Your Average for a very enjoyable and insightful deep dive conversation about value investing, that value is an inflation/reflation trade, and has some advice for stock investors heading into 2022. The Canadian market is undervalued right now and there’s a lot of opportunity for investors to take advantage of in the new year.

Today is International Women’s Day and in honour of that, we are excited to serendipitously feature our conversation of February 14, 2022 with Kim Shannon, one of Canada’s brilliant value investors.

Our conversation begins with Kim Shannon sharing some of her early experiences as a value investor, and notably as one of the very few ‘first’ women in Canadian capital markets to have the courage and the conviction to follow her dream as a value equity portfolio manager. She so humbly describes the journey, and the hard work that led to her meteoric rise into the pantheon of Canadian equity fund managers.

She points out that the last twelve years have been the longest period in market history of high quality fundamental value-investing underperformance relative to growth investing, also noting that 80% of the time, value has outshone growth investing. Shannon believes that we’ve possibly passed the inflection point, the change to a reflationary regime, that favours value investing. And, as investors turn their sights back to quality, growth, competitiveness, and risk, she points out that Canada is not only undervalued, read ‘cheap’, but that today’s inflationary/reflationary triggers are a great setup for Canadian Equities.

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Where to find Kim Shannon, Founder & Co-CIO, Sionna Investment Managers:

Kim Shannon on Linkedin

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Where to find the Raise Your Average crew: