Scotiabank’s Chief Investment Officer of International Wealth Management to speak in West Vancouver

February 13, 2018

As part of the Scotia Wealth Management family, Mailey Rogers Group benefits from many great resources including an extended team of financial specialists. Some of these specialists work directly with our clients, such as Monique Trepanier, our Estate and Trust Consultant with The Bank of Nova Scotia Trust Company or Tricia McIver our Business and Family Wealth Specialist with Business and Family Advisory Services. In addition to the collaborative wealth management team we work with in West Vancouver, we are fortunate to have access to a wider circle of experts – some of whom are not only respected within our network at Scotia, but across the global financial community.

One such person is Nick Chamie, Chief Investment Officer of International Wealth Management at Scotiabank. Nick Chamie is widely renowned for his expertise in portfolio management and has appeared on television with BNN, CNBC and Bloomberg. He has been quoted in Financial Times and the Wall Street Journal among other publications, and serves as an invited advisor to central banks, hedge funds and sovereign wealth funds around the globe. He is a dynamic speaker whose insights are always powerful and thought-provoking, and certainly, we appreciate his perspectives on the markets.

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Thoughts on recent market volatility

Global Portfolio Advisory Group

February 6, 2018

Following a sharp rise in the year-to-January 26th (7.5%), equity markets have witnessed an extraordinary rise in volatility over the past few trading sessions leaving most major indices down 1%-5% on a year-to-date basis. From its recent highs, the S&P500 index has dropped 7.8% on an intraday basis. The past few months have been characterized by steadily rising markets with few notable losing sessions and unusually low volatility. Typically, equity markets experience one or two corrections of at least 5% per year as witnessed in the period 2012 to 2016 (see Chart 1). However, up until late January 2018 the S&P500 index had not experienced a correction exceeding 6% since mid-2016. Moreover, a double-digit percentage drawdown last appeared two years ago in December-2015/early-2016 (-12.9%). Thus, the sharp rise in volatility and rapid correction in global markets witnessed in the past few days has followed a very long stretch of unusually low volatility and a lack of profit-taking-driven selling. As volatility spiked in recent days, many investment managers found themselves in need of unwinding large investments (and/or short positions) leveraged on the view that the unusually low volatility environment of the past few months would continue, which significantly added to selling pressure in global markets over the past 24 hours.

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MRG clients share their philanthropic journeys

February 6, 2018

Our Mailey Rogers Group seasonal message, which shone awareness on the global refugee crisis, evoked loving and generous responses from clients and friends alike. Your replies reminded Kim, Brie, Tannis, Martha and I of how blessed we are to live in Canada, where there are so many admirable acts of kindness to assist those less fortunate.

We are taking a moment to share a few…

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