INVESTED: July Edition
July’s issue of Invested explores Canada’s resource potential, shifting commodity and oil markets, nature’s role in well-being, and the global forces reshaping investment, innovation, and long-term decision-making.
Insights
Insights
Research-led thought leadership from our investment, research, and data science teams — on markets, quantitative investing, and long-term stewardship.
Latest
Recent publications
INVESTED: June Edition
This month’s Invested explores how global events, generational change, and cultural shifts are reshaping markets, wealth, and long-term decisions. We look at everything from the World Cup and next-gen investors to geopolitical risk, market exuberance, and solutions to loneliness.
The Weather Front: How a Super El Niño Is Repricing Agricultural Commodities
CIO Scott Smith explores how geopolitical tensions, fertilizer risks, and a potential super El Niño could reshape agricultural commodities, and why broad, geographically diversified exposure may matter as supply shocks become more frequent.
Commentary
From the Desk of Our CIO
Market commentary and perspective from Chief Investment Officer Scott Smith.
The Weather Front: How a Super El Niño Is Repricing Agricultural Commodities
CIO Scott Smith explores how geopolitical tensions, fertilizer risks, and a potential super El Niño could reshape agricultural commodities, and why broad, geographically diversified exposure may matter as supply shocks become more frequent.
The Fertilizer Front: How the Iran War Is Repricing the Commodity Complex
Executive Summary Almost a month into the Iran conflict, de-escalations are underway, but none constitute a credible off-ramp. Iran’s leverage is real and Tehran may not yet believe it has extracted sufficient deterrent value to stand down. A ground force operation targeting Kharg Island, which hand
Iran Week Two: The Off-Ramp Is Narrowing and the Risks Are Broadening
Executive Summary As we enter the second week of the conflict, there has been no meaningful de-escalation, with attacks reported on Iranian oil infrastructure and desalination facilities in both Iran and Bahrain. Iran has named Mojtaba Khamenei as the new Supreme Leader, reinforcing regime continuit
Newsletter
Invested Newsletter
A monthly round-up of what we're reading, researching, and thinking about.
INVESTED: July Edition
July’s issue of Invested explores Canada’s resource potential, shifting commodity and oil markets, nature’s role in well-being, and the global forces reshaping investment, innovation, and long-term decision-making.
INVESTED: June Edition
This month’s Invested explores how global events, generational change, and cultural shifts are reshaping markets, wealth, and long-term decisions. We look at everything from the World Cup and next-gen investors to geopolitical risk, market exuberance, and solutions to loneliness.
INVESTED: May Edition
Good morning! This month’s edition of Invested explores the growing complexity shaping markets, mental health, philanthropy, and long-term stewardship. From revisiting CIO Scott Smith’s timely insights on energy security and coal’s enduring role in a shifting global economy, to examining how hormone
Markets
Market Insights
In-depth analysis of market events and macro developments from the Viewpoint team.
Viewpoint Global Multi-Asset Trust Announces Change in Investment Risk Classification in Series F-USD (VWP 209)
FOR IMMEDIATE RELEASE Calgary, Alberta — August 5, 2025 — Viewpoint Investment Management Corporation, the manager of Viewpoint Global Multi-Asset Trust (the “Fund”), today announced a material change in the Fund’s Series F-USD investment risk classification. Effective August 5, 2025, the Fund’s ris
Are You a Meerkat or an Ostrich?
When it comes to your ETF and mutual fund investments, how much attention do you pay to the Manufacturer Report on Fund Performance (MRFP)? Do you actively seek it out—either by searching online or asking your financial advisor? Do you actually read the entire document? (Glancing at graphics or tabl
Nurturing Responsible Wealth Inheritors
— December 19, 2024 Edit — As the year comes to a close, we wanted to revisit a piece from our March issue of Invested: “Nurturing Responsible Wealth Inheritors.” This article explores the unique challenges and opportunities families face in preparing the next generation for responsible wealth stewa
Research
Research
Research notes, white papers, and round-ups from our quantitative team.
Unlocking the Potential of Direct Commodities in Real Asset Funds
In the ever-evolving landscape of real asset investments, fund managers seek strategies to enhance portfolio resilience and performance. A compelling opportunity lies in the strategic allocation to direct commodities. This approach offers several advantages that align closely with the objectives of
Risk Parity & Pension Portfolios: A Perfect Match
Geek Level: Read Time: The Speed Read: Growth sleeves within a pension’s asset-liability framework are built with the intention of improving funded status, but depending on the path of different macroeconomic drivers, these portfolios can lead to adverse outcomes due to risk mismatches. Key risks in
Make Sure the Free Lunch Isn’t Moldy
Speed Read: The concept of diversification has a long history and is often considered “the only free lunch” in investing. The benefits of diversification are well studied in academic literature, but in practice, correlations between traditional assets like stocks and bonds can change, affecting the