Come Together: M&A Trends in Canada
Hookups just aren’t what they used to be. The worldwide value of mergers and acquisitions dropped to around US$1.22 trillion at the end of June 2023, down from US$2 trillion…
The 800-Pound Gorilla: Office Real Estate
What’s the outlook for the office real estate sector and regional banks? In “Sonny Kalsi: Navigating Bank Failures and Commercial Real Estate Holdings,” a Guiding Assets podcast from CFA Institute,…
Global Supply Chain Transformation: Uncertainty and Opportunity
Economic data reflect global supply chain restructuring. Nearly two years into the regionalization, nearshoring, re-shoring, and “friend-shoring” of the global supply chain restructuring process, US and overseas economic data are…
Distressed Debt: Which Sectors Offer Value?
Each cycle in distressed debt investing is different. During the global financial crisis (GFC), many otherwise viable companies faced a liquidity crisis. Prior to that, as the tech bubble burst…
A Global Proxy Voting Database: An Idea Whose Time Has Come?
The proxy voting system has taken on added importance amid growing interest in environmental, social, and governance (ESG) issues and how investors vote on related shareholder proposals. Institutional Shareholder Services…
Stressed and Distressed Credit: Risk and Reward
What is the current outlook for investors in today’s credit market? Interest rates had been in secular decline since the 1980s. In the aftermath of the global financial crisis (GFC),…
Book Review: What I Learned about Investing from Darwin
What I Learned about Investing from Darwin. 2023. Pulak Prasad. Columbia University Press. Investment professionals know that there is no substitute for hours of in-depth textbook study combined with an…
A Sea Change: Howard Marks, CFA, on the End of Easy Money
The financial markets are experiencing a sea change marking the end of a long period of accommodative central bank monetary policy, and there is little hope of ultra-low interest rates…
Rethinking the Economic Reality of Non-Cash Charges
The Art in Fundamental Analysis Financial statement analysis represents the art in fundamental equity valuation and helps creditors and investors make better economic decisions. For reporting purposes, corporations prepare statutory…
A US GDP-Weighted Index? | CFA Institute Enterprising Investor
Index fund investors have various choices when selecting the weighting style of the funds they hold. There are market cap-weighted indices like the S&P 500 and the Russell 2000/3000, stock…
