Passive funds are becoming so popular that they’re starting to influence the price of securities rather than merely reflect them, says Joe Sirdevan, CEO of Toronto-based Galibier Capital Management.
Sirdevan said that since index funds grow as a proportion of investment dollars at work, their buying power is beginning to have an outsized influence on markets.
“They’ve gone from being price takers to being price makers,” he said.
This trend, which has been gathering steam for over 30 years, could lead to volatility that attentive investors could take advantage of, he pointed out. The factors that drive prices up could suddenly reverse themselves, and drive prices back down.
Premium Brands Holdings Corporation ("Premium Brands" or the "Company") (TSX:PBH) announced the voting results from its 2021 annual meeting of shareholders held May 5, 2021. A total of 29,693,298 Common Shares or 68.11% of our issued and outstanding Common Shares were voted in connection with the annual general meeting. Shareholders voted by ballot on each item of business. Based on proxies received prior to the meeting and votes tallied at the meeting, each director nominee was elected by a substantial majority as follows:
5 May 2021 5:30 GMT Updated 5 May 2021 5:30 GMT
Canada s Clearwater Seafoods has hired Filipe Chambino as its new sales manager for Spain and Portugal.
Portugal-based Chambino brings over 20 years of strong international sales experience gained in the food industry to the role, according to the company. “Spain and Portugal are amongst the highest consumers of seafood in Europe – it is a key component of the Iberian diet and a major part of our tradition and heritage,” said Chambino.
He is also representing Clearwater s UK-based Macduff Shellfish, which sells wild king scallops, langoustines, brown crabs, velvet crab and whelk.
2 Clearwater’s subsidiaries are located in Atlantic Canada, Scotland, England, the US, Argentina and Luxembourg.
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joint press release from Clearwater and the Mi’kmaq coalition stated: “Given the importance of this investment opportunity to the future prosperity of Mi kmaq communities, all First Nations in Nova Scotia along with Miawpukek First Nation from Newfoundland and Labrador were provided the opportunity to participate in the collective investment…Commercial investments in the seafood sector are a strategic investment to advance the prosperity of First Nations communities.”
On January 6, 2021, the Competition Bureau of Canada issued a no-action letter, allowing the parties to move quickly to complete the complicated transaction.
Third-Quarter Highlights:
10-year annualized net return of 10.8%
TORONTO, Feb. 11, 2021 /CNW/ - Canada Pension Plan Investment Board (CPP Investments) ended its third quarter of fiscal 2021 on December 31, 2020, with net assets of $475.7 billion, compared to $456.7 billion at the end of the previous quarter.
The $19.0 billion increase in net assets for the quarter consisted of $23.0 billion in net income after all CPP Investments costs less $4.0 billion in net Canada Pension Plan (CPP) outflows. CPP Investments routinely receives more CPP contributions than required to pay benefits during the first part of the calendar year, partially offset by benefit payments exceeding contributions in the final months of the year.