5-Year AutoCallable Structured Notes

On Jan 26, 2017, PWM Private Wealth Counsel purchased a 5-year AutoCallable Structured note on the REIT index for the High Growth TFSA accounts.  If the REIT index was at or above par after one year, a client's return was 17%, and the note was automatically called away.  On Jan 26, 2018, the note did just that.  Your Portfolio Manage...
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January is TFSA Time

Now in its 10th year, Canada's Tax-free Savings Account (TFSA) program has rapidly become the most popular way to grow savings tax-free for short-term savings goals as well as to supplement long-term retirement saving provided by traditional Registered Retirement Savings Plans (RRSPs), non-registered savings, and pensions. Unlike the situation with...
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Meshke's Minute - December 11, 2017

About two weeks ago, our clients would have received an envelope in the mail regarding a proxy vote on how the Kensington Private Equity Fund (KEN115) wants to change its distribution and fees accordingly. Over the past two weeks, PWM Private Wealth Counsel has been in talks with the Kensington Private Equity portfolio managers over the proposed pr...
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Meshke's Minute - December 1, 2017

From time to time we find better opportunities in the structured note space. In the middle of November, we took advantage of rolling two of our current Principal at Risk structured notes on the TSX60 which were getting 6% and 7.75% respectively and moved them into SSP1407 - US Bank note that has a 7.8% per year yield with 30% downside protection. W...
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Meshke's Minute - November 24, 2017

From time to time, we get asked about positions which show a loss on client statements, but in actuality are performing well (i.e., book value is higher than market value).One position, in particular, we are asked about a lot is the CCL876 – CCL Global Market Neutral investment.This strategy has a 2017 YTD return of 4.80% (Source:gold.globeinvestor...
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