Manager Insight: Dynamic’s tactical fund finds refuge in bond ETFs

first_img Share this article and your comments with peers on social media NEO, Invesco launch four index PTFs Franklin Templeton renames funds with new managers Myles Zyblock, chief investment strategist and portfolio manager at Dynamic Funds, takes a tactical, rules-based approach in making asset-class selections for Dynamic Global All-Terrain Fund. And right now, the fund’s disciplined methodology is strongly favouring bonds. The $71-million fund — launched in September of last year — has a broad asset mix of 80% fixed income versus only 20% in equities. That’s a significant shift from its previous weighting of 60% fixed income and 40% equities during the first half of February. The fund’s current largest allocation by asset class is 53% in U.S. fixed income, with holdings in iShares 7-10 Year Treasury Bond (IEF) and iShares 20+ Year Treasury Bond (TLT). The fund also holds 19% in non-U.S. fixed income, through Vanguard Total International Bond Index (BNDX), and 10% in emerging-markets debt, through iShares JP Morgan USD Emerging Markets Bond (EMB). Zyblock, who is lead manager, says the repositioning was based on signals that there is more risk in the equity markets and better risk-adjusted opportunities in bonds. This is particularly so for U.S. government bonds, including longer-dated issues that are higher-yielding than those with short-term and mid-term maturities. To the limited extent the fund is exposed to equities, it favours the U.S. In fact, all of the fund’s stock-market exposure is currently in the U.S. “Right now, given the turbulence in the markets, we’re finding the best risk-adjusted opportunities in America, generally speaking,” says Zyblock. Like other funds in the Tactical Balanced category, Dynamic Global All-Terrain has a go-anywhere mandate. Along with developed and emerging equity and fixed-income markets around the world, the fund may also invest in real estate, gold and other commodities. As a general rule, the fund’s maximum allocation to equities will be 75%, so it’s not as free-wheeling as some funds in its peer group. The reason for this constraint is to reduce risk. “Equities are very jumpy,” says Zyblock, “so there’s a lot of volatility around an equity investment.” The fund’s potential fixed-income investments are also global in scope. Along with investment-grade government and corporate bonds, the fund may invest in the high-yield market and in emerging-markets debt. But since the fund has a global mandate, Zyblock expects it will generally have minimal Canadian exposure. During adverse market conditions, the fund may hold a substantial portion of its assets in cash or cash equivalents. Setting Dynamic Global All-Terrain apart from other funds in the Dynamic family managed by 1832 Asset Management LP is its strategy of obtaining asset-class exposure through exchange-traded funds rather than through individual stocks and bonds. “Most of my colleagues are very bottom-up oriented,” says Zyblock. “This definitely offers a little bit different approach to investing, where we focus on different asset classes and different geographies from a top-down perspective for risk-adjusted returns.” In determining the asset mix for Dynamic Global All-Terrain, the managers’ rules-based discipline focuses on market breadth — the number of securities going up compared with those going down — along with price momentum and the strength of price moves. The quantitative, model-based approach takes emotions out of decision-making, Zyblock says. The investing model enables Zyblock and his colleagues at 1832 Asset Management to track buy and sell signals in real time. But the managers will generally monitor a buy or sell signal for a month before taking action on it. Based on decades of collective experience, that delay protects the managers from “whipsaws” in the market,” says Zyblock. “We let the signal almost ripen like a fruit a little bit before we act. We don’t want to bite the fruit when it’s not ripe. It doesn’t taste as good.” Despite its use of ETFs rather than individual stocks and bonds, the fund is very much actively managed and is “using passive instruments actively,” says Zyblock. “If you want a passive product, this is not the one for you. It’s not benchmark-driven.” As an investment choice, “I think clients sensitive to downside risk would be interested in the product,” says Zyblock. “And those looking for a global product with a true sense of active management where I can in effect concentrate the holdings away from a traditional benchmark weighting when I think it’s deemed appropriate. Ninety per cent of your volatility comes from equities, and if equities are in for a rough time in a 60%-40% portfolio, maybe it’s not as balanced in terms of risk as people think.” Diana Cawfield center_img Change to Counsel Global Small Cap Fund Related news Keywords Fund managersCompanies Dynamic Funds Facebook LinkedIn Twitterlast_img read more

Manulife Investment Management adds to impact investment team

first_img CETFA elects new board leader “We believe forests and farms are natural climate solutions, and we see removing carbon from the atmosphere and storing it in trees and soils as a viable option for investors who are looking to optimize and prioritize carbon sequestration,” said Brian Kernohan, chief sustainability officer, private markets, Manulife Investment Management, in a release.Cooperström, who previously was a senior director at NatureVest, the impact investment arm of the Nature Conservancy, is based in San Francisco. He will report Kernohan in his new role. TD getting new head of private wealth, financial planning 123RF Eric Cooperström has been appointed managing director, impact investing and natural climate solutions, with Hancock Natural Resource Group, a division of Manulife Investment Management.In this newly created role, Cooperström will be responsible for enhancing the sustainability and responsible investing capabilities of Manulife’s timberland and agriculture teams, both of which aim to remove carbon emissions from the atmosphere. IE Staff Facebook LinkedIn Twitter Share this article and your comments with peers on social media PenderFund names new SVP for investments Related news Keywords Impact investing,  Appointments last_img read more

Nash should front up to desperate tourism businesses

first_imgNash should front up to desperate tourism businesses The New Zealand National PartyTourism destinations dependent on international visitors need urgent government action if they are to survive the Government’s closed border, National’s Tourism spokesperson Todd McClay says. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Border, Government, New Zealand, New Zealand National Party, nzpol, tourismlast_img read more

Time to extend Telehealth further

first_imgTime to extend Telehealth further The AMA is again calling on the Government to extend temporary COVID-19 Medicare Telehealth items until the end of the year. The current outbreak in Queensland highlights that the June extension does not go far enough.“The Queensland outbreak and the flow-on impact on other states is a timely reminder that the pandemic is far from over,” AMA President, Dr Omar Khorshid said.“With the emergence of new and more transmissible COVID-19 variants, it is unlikely that this will be the last lockdown before the end of the year.“But we cannot become complacent. We must continue to plan for the worst.“We know that every time there is an outbreak, thousands of people face requirements to self-isolate and telehealth ensures these patients can continue to assess care.“Telehealth remains fundamental to the national effort to contain the spread of COVID-19, by protecting the health workforce, while reducing the need for unwell patients to move around the community.“We need to maintain continuity of care for patients during any future lockdown.“We need a telehealth framework that can operate in the context of a pandemic response, which is exactly what these temporary telehealth items are designed to do,” AMA President Dr Khorshid said.The AMA understands that the Australian Health Protection Principal Committee has previously recommended the current temporary COVID-19 Medicare Telehealth items be extended until the end of the year.The AMA calls on the Government to take this expert medical advice.The AMA has been in discussions with the Department of Health about a long-term plan for telehealth, and we know that the Government is committed to making it a permanent feature of our health system. But the temporary items will continue to be required until the pandemic ends, and a permanent telehealth solution is designed and implemented.“Being able to reassure all Australians that the temporary telehealth items remain in place for the whole year, supporting a doctor to be at the other end of the phone during any future lockdowns, is peace of mind the Government can deliver right now,” Dr Khorshid said. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AMA, Australia, Australian, Australian Medical Association, community, Department of Health, Government, health, healthcare, lockdown, Medicare, Outbreak, pandemic, pandemic response, President, Queensland, telehealth, workforcelast_img read more

Brazilian Amazon released more carbon than it stored in 2010s

first_imgBrazilian Amazon released more carbon than it stored in 2010s Degraded forest in Mato Grosso, Brazil (credit Ted Feldpausch)The Brazilian Amazon rainforest released more carbon than it stored over the last decade – with degradation a bigger cause than deforestation – according to new research.More than 60% of the Amazon rainforest is in Brazil, and the new study used satellite monitoring to measure carbon storage from 2010-2019.The study found that degradation (parts of the forest being damaged but not destroyed) accounted for three times more carbon loss than deforestation.The research team – including INRAE, the University of Oklahoma and the University of Exeter – said large areas of rainforest were degraded or destroyed due to human activity and climate change, leading to carbon loss.The findings, published in Nature Climate Change, also show a significant rise in deforestation in 2019 – 3.9 million hectares compared to about 1 million per year in 2017 and 2018 – possibly due to weakened environmental protection in Brazil.Professor Stephen Sitch, of Exeter’s Global Systems Institute, said: “The Brazilian Amazon as a whole has lost some of its biomass, and therefore released carbon.“We all know the importance of Amazon deforestation for global climate change.“Yet our study shows how emissions from associated forest degradation processes can be even larger.“Degradation is a pervasive threat to future forest integrity and requires urgent research attention.”Degradation is linked to deforestation, especially in weakened portions of a forest near deforested zones, but it is also caused by tree-felling and forest fires.Climate events, such as droughts, further increase tree mortality.Such degradation can be hard to track, but the research team used the satellite vegetation index L-VOD developed by scientists at INRAE, CEA and the CNRS.Using this index and a new technique for monitoring deforestation developed by the University of Oklahoma, the study evaluated changes in forest carbon stocks.A change of government in Brazil in 2019 brought a sharp decline in the country’s environmental protection.The 3.9 million hectares of deforestation in that year is 30% more than in 2015, when extreme El Niño droughts led to increased tree mortality and wildfires. However, the study shows that carbon losses in 2015 were larger than in 2019.This demonstrates the dramatic impact that degradation can have on overall biomass and carbon storage in the rainforest.The paper is entitled: “Carbon loss from forest degradation exceeds that from deforestation in the Brazilian Amazon.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Amazon, Brazil, carbon storage, climate change, Exeter, Government, mortality, Oklahoma, Professor, rainforest, satellite, Scientists, technique, university, University of Exeter, University of Oklahomalast_img read more

All protocols for setting up of BSL-3 lab in Nagaland completed: Health Secretary

first_img Share News Public Health Read Article The department is waiting for further updates on the functionality of the laboratoryThe Nagaland Health and Family Welfare department has completed all protocols for setting up of the Bio-Safety Laboratory (BSL-3) for testing of COVID-19 samples at the Naga Hospital Authority Kohima (NHAK), an official said on Tuesday.All measures including infrastructure and human resource training were completed for the BSL-3 set up at NHAK in Kohima while the testing of the lab was conducted on Tuesday, said Health and Family Welfare secretary Kesonyu Yhome.The response from ICMR is likely to come by today, he said, adding that the department is ready to go ahead with the testing once ICMR gives the green signal and in case further rectification is needed, it would be done accordingly.Till date, Nagaland has not reported any COVID-19 positive case. The suspected COVID-19 samples are sent to Assam and Manipur for testing. Add Comment All protocols for setting up of BSL-3 lab in Nagaland completed: Health Secretary Menopause to become the next game-changer in global femtech solutions industry by 2025 Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Related Posts Phoenix Business Consulting invests in telehealth platform Healpha Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Bio-Safety LaboratoryCOVID-19KohimaNagaland By Press Trust of India on May 13, 2020 Comments (0) The missing informal workers in India’s vaccine storylast_img read more

KSAC and SDC Roll Out Clean Community Competition

first_imgFacebookTwitterWhatsAppEmail To encourage improved sanitation practices among residents in the Corporate Area, the Kingston and St. Andrew Corporation (KSAC) and the Social Development Commission (SDC) have rolled out a Downtown Clean Community competition. The competition, which runs from May 21 to 31, forms part of a public health clean-up initiative, which provides an incentive for communities that make sustainable strides to keep their surroundings clean and to protect the environment. Participating communities include: Parade Gardens, Rae Town, Tivoli Gardens, Hannah Town, Denham Town, Fletcher’s Land, Kingston Gardens (Allman Town) and Rose Gardens. Speaking with JIS News during Labour Day activities at the St. William Grant Park on May 23, Mayor of Kingston, Councillor Angela Brown Burke, said “the idea is to get community members involved in cleaning up their public spaces.” “We are also getting them involved in recycling and we are hoping that (residents) will have an appreciation of what just coming together and cleaning up can do; and to be able to earn a little bit from the recycling,” she said, adding that it is the intention to make it an annual competition to maintain  cleanliness in these communities. The competition, spearheaded by the SDC is also being put on in collaboration with the Jamaica Chamber of Commerce, the Gleaner and the 140th Committee, chaired by Mrs. Brown Burke. The winning community will receive the City of Kingston Trophy as well as a cash prize. The second and third place competitors will also receive cash prizes. Additionally, the community that collects the most plastic bottles will be given a plaque. By Alecia Smith-Edwards, JIS Reporter Advertisements KSAC and SDC Roll Out Clean Community Competition CommunityMay 25, 2012 RelatedKSAC and SDC Roll Out Clean Community Competition RelatedKSAC and SDC Roll Out Clean Community Competition RelatedKSAC and SDC Roll Out Clean Community Competitionlast_img read more

Help Homeless and be a Ghostbuster

first_imgHomeNewsHelp Homeless and be a Ghostbuster Oct. 20, 2016 at 7:30 amNewsHelp Homeless and be a GhostbusterGuest Author5 years agoghostbusterGhosthunterhaunted tourshomelessLA missionsanta monica daily presssanta monica haunted toursVenicevenice beachVenice beach overhead.  Ghost tourism and hunting has shot up in the past years, mainly due to the public’s interest in the supernatural, especially during the Halloween time.Haunted Santa Monica Ghost Tours is offering a very unique event this Halloween, The Ghost Hunting Experience. The event allows guests to be part of an actual ghost hunt in a haunted location, the Venice Beach Bar.The Venice Beach Bar is rumored to be the former home of Jim Morrison, and current staff has reported numerous paranormal occurrences that include objects moving on their own and a picture that changes its expression while being observed.The experience is an actual paranormal investigation that allows guest a hands on opportunity to use real ghost hunting equipment to try to find evidence of the supernatural.“During the experience, guests will hear true tales of the history and haunting of the Venice Beach Bar, they will take part in an old-fashioned séance,” said Candace Fahey, co-founder of Haunted Santa Monica Ghost Tours.The bar has never been investigated before; this is the first event of its kind in this location.“The Venice Beach Bar has a rich, fascinating history,” says Zack Fahey, co-founder and historian of Haunted Santa Monica Ghost Tours. “It was a creative space, but its later history is much darker. There were drugs and murders…all of these things can contribute to a haunting. It will be interesting to see what we discover.”The weekend of the tour is the only time the public is allowed onto the property after hours. People will walk into the room of Jim Morrison, and experience the whole location.Jo Nilson, co-founder of the Ghost Hunting Experience said, “The event is definitely an experience for those who want to experience an actual ghost hunt but aren’t going to of out and join a ghost hunting group. For experienced ghost hunters, they are welcome to bring their own equipment and this is the opportunity for them get into a very haunted location that is not normally open to anyone to investigate.”The team went on a preliminary investigation and within five minutes they experienced supernatural activity.“There are a lot of Halloween events to chose from around here but this is very different. It’s an exclusive event and we are keeping the numbers low to make sure it’s a good experience for everyone”, said Candace. “There are no lines and no crowds. If you want to try to have a real, supernatural experience, this is place!”The Ghost Hunting team focuses on giving back to the community, this year the event team will be collecting items and donating them to the LA Mission. Personal care items such as toothpaste toothbrushes, body wash, hair brushes along with clothing items will be accepted. More donation items can be found on their website.“We feel passionate about giving back to the community and the LA Mission is a wonderful organization,” say Candace. “We admire their work so much. There was a homeless man who lost his life in front of the Venice Beach Bar. In his honor, we will be collecting everyday items to donate to the mission.The Oct. 22 Ghost Hunting Experience is sold out, leaving Friday, Oct. 21 the only date left to attend.The investigation takes place at the Venice Beach Bar, 323 Ocean Front Walk, Venice. It starts at 11 p.m. there will be a live band, food and meet and greet with the Southland Ghostbusters. Visit www.theghosthunt.com or call 424-299-4441 for more information. Tickets are $40. Visit http://www.theghosthunt.com/ for more information. By Marina AndalonTags :ghostbusterGhosthunterhaunted tourshomelessLA missionsanta monica daily presssanta monica haunted toursVenicevenice beachshare on Facebookshare on Twitteradd a commentWrite-in papers issued for City CouncilWelcome to the Worm YardYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall12 hours agoNewsCouncil picks new City ManagerBrennon Dixson23 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter23 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor23 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press23 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press23 hours agolast_img read more

Xiaomi targets France and Italy launch this month

first_imgHomeDevicesNews Xiaomi targets France and Italy launch this month AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 08 MAY 2018 US backs down on Xiaomi row Author Xiaomi Devices Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Xiaomi smartphone surge bears fruitscenter_img Related Xiaomi off the hook in the US Xiaomi is set to launch in more European markets imminently, adding two more countries to its roster.The company will launch in France on 22 May and Italy on 24 May, although as yet it has not revealed which products will be available. When it debuted in its first Western European market – Spain – it kicked off with a mix of smartphones and other products (scooter, wearables, action cameras and video streaming box).Last week, Xiaomi announced a partnership with operator 3 Group to sell devices in markets including Austria, Denmark, the UK, Ireland, Sweden, Italy and Hong Kong. 3 does not have a presence in France, however, which is one of Xiaomi’s targets for this month.While Xiaomi has managed to build an impressive position in the smartphone market, taking fourth spot globally, this has largely been built off the back of its performance in China and India. And with the former offering a challenging environment, Europe provides the company the chance to both grow volume and spread its customer base more widely.It had been suggested that Xiaomi would launch its smartphones in the US, although that was before a worsening of a trade spat between the country and China. Steve Costello Tags Previous ArticleSnap CFO replaced by Amazon execNext ArticleCBRS Alliance pushes new OnGo brand last_img read more

GRIZ GRIT: Doing it the Right Way

first_imgAces are wild here on the first day of the first month of the 11th year of the millennium. The Lady Griz righted the ship a bit with a pair of victories in the Holiday Classic Tournament in Missoula, but it’s the men’s team that won a fifth straight game by dominating defending regular season league champion Weber State University. The victory, the team’s 10th in the last 12 games, serves as an early indication that this new group, with eight new players, is to be reckoned with in the chase for the ultimate league prize: a berth in the NCAA Tournament. Both league games were in the afternoon and speculation immediately arose that, given the declining Big Sky Conference attendance, playing during the afternoon – even on New Year’s Eve day – was just a bad idea. Wednesday’s contest was forced to the afternoon because of the Lady Griz Tournament and Friday’s early start was to partially accommodate for a Weber State team facing a 10-hour bus trip home. That was if Monida Pass reopened after the snowstorm. But the attendance was awesome at both men’s games as nearly 9,000 fans attended and were treated to a brand of basketball that hasn’t been displayed much by Montana teams in the recent past. What is most impressive so far is the sheer joy, hustle and unselfishness this group displays. They wear their emotions on their sleeves and there’s no lack of scrambling for a loose ball by diving to the floor or making the extra pass of the basketball to set up a better shot. And there’s plenty of depth and exchangeable parts to this team, which also may be as versatile as has been on the Missoula campus for a while. With last week’s win, Wayne Tinkle moved into a tie with Frosty Cox for fifth on the all-time win list with 80 in four-and-half campaigns. But what is most impressive is the guys on the list in front of the former Griz post player. How about trailing Jiggs Dahlberg, after whom the arena is named, and current D-I coaches Mike Montgomery (California), Blaine Taylor (Old Dominion), and Stew Morrill (Utah State)? Morrill got to the 91-win mark in just five seasons, like Tinkle, but Taylor was at the helm for seven seasons. Montgomery occupied the post for eight campaigns and Dahlberg, with 221 wins, was the mentor for 17 seasons. There were plenty of naysayers when Tinkle was hired to replace Larry Krystowiak. But after becoming just the eighth coach in school history to win 22 games in a season after a 22-10 campaign last season and a subsequent NCAA bid, Tinkle has more than proven he belongs and will excel at the helm. With 15 more regular season games remaining, hopefully followed by league and national tournament play, there’s an outside chance he could move past Morrill, one of his former head coaches, before the season ends. And as usual with UM basketball teams, they are doing it the right way with high graduation rates, decent GPAs and keeping their names on the sport page instead of the news page. What else could you ask for? Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. Emaillast_img read more