The Globe and Mail JOEL SCHLESINGER Published January 19, 2021 Bookmark
Gold was the bright, shiny object of 2020, attracting haven-seeking investors as the pandemic weighed on global economies and markets. While gold has pulled back from its record highs in August, many investors are hanging onto their holdings as insurance against continuing market volatility and the threat of rising inflation.
ETFs that hold physical gold and the miners that explore and produce it are considered the easiest, low-cost and most diversified way to play the commodity to help protect against adverse, unexpected economic events such as a pandemic, says David Kletz, portfolio manager at Forstrong Global Asset Management.
The Globe and Mail JOEL SCHLESINGER Published January 12, 2021 Bookmark
Record low interest rates, unprecedented government stimulus and a healing global economy could be a recipe for the return of inflation.
“While inflation remains very low, conditions for an eventual uptick may well be building,” says Scott Clayton, a Toronto-based senior researcher with TSI Network, a Canadian equities research firm that publishes newsletters for retail investors.
The U.S. Federal Reserve has indicated it will likely let inflation run above its traditional 2 per cent target before hiking rates, while the Bank of Canada has hinted it’s unlikely to raise rates for a couple of years.
More Filipinos go for higher-yielding investment options inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
Published December 25, 2020, 5:00 AM
The Securities and Exchange Commission (SEC) has approved the public offerings of securities by Philippine Stock Index Fund Corp. (PSIF) and Cityland, Inc. worth a total of P50.8 billion.
The Commission En Banc resolved to render effective the registration statements of PSIF covering up to P50 billion of units of participation and Cityland for up to P815 million worth of commercial papers, subject to the companies’ compliance with certain requirements.
PSIF will offer up to 50 billion units of participation at an initial price of P1 each. The fund will invest the proceeds in securities comprising the Philippine Stock Exchange Composite Index for capital appreciation, which will in turn benefit unitholders.
The public offerings of Philippine Stock Index Fund Corp. (PSIF) and Cityland Inc. were approved by the Securities and Exchange Commission (SEC).
The commission on Wednesday said it accepted the registration statements of PSIF covering P50 billion units of participation and Cityland’s P815-million commercial papers.
Index tracker fund PSIF will offer up to P50 billion units of participation at an initial price of P1 apiece.
“The fund will invest the proceeds in securities comprising the Philippine Stock Exchange Composite Index for capital appreciation, which will in turn benefit unit holders,” SEC said in a statement.
The units will be offered through the fund’s authorized distributors, Affinity Capital Corp., BPI Capital Corp., BPI Investment Management Inc. (BIMI), Citicorp Financial Services and Insurance Brokerage Philippines Inc., COL Financial Group Inc., First Metro Securities Brokerage Corp., Wealth Securities Inc. and Unicapital Securities, Inc., along with othe