Investments Unplugged

An insightful and lively podcast that gives you access to ideas and insight from a range of market experts from Manulife Investment Management.


Episode 75: On the road again, and answering some top-of-mind questions

August 9, 2022

With in-person interactions once again becoming the norm, this summer, the Capital Markets Strategy team has been criss-crossing the country, meeting with advisors and clients, and speaking at events. We’re truly enjoying the face-to-face interaction and responding to inquiries from people we meet. Wherever we go, some common questions are popping up—questions like:

  • Has weak market performance already been priced in?
  • How does the second half of 2022 look when compared to historical downturns?
  • Will we see a recession, and when?
  • How do bear markets play out over time?

Let’s delve into these and other questions we’ve been getting.


Episode 74: Bears come in two sizes: big bears and baby bears

July 6, 2022

Bear markets aren’t new—15 have happened since 1950—and some have been worse than others. What’s happening with the current economy and market volatility, and when will it change? Previous selloffs and downturns may hold a clue to what we can expect for the rest of 2022. We take a look at:

  • what we can learn from past bear markets
  • the chance of a recession
  • effects of inflation and central bank actions
  • bond yields and opportunities
  • options investors may have to rebalance their portfolios.

… and more.

Bears of all sizes appear … but how long do they hang around?


Episode 73: The bumpy bond road

June 24, 2022

Fixed-income markets have been going down a rocky road so far in 2022. Are we in for a continued rough ride? Or will the dirt path become a smoother highway for bonds in the near future? Roshan Thiru, Head of Canadian Fixed Income at Manulife Investment Management, joins the Capital Markets Strategy team to discuss:

  • bond activity and yields
  • what to look for with fixed-income investments
  • record-high inflation and its effects
  • maintaining a balanced portfolio

… and more.

Buckle up.


Episode 72: When bears attack—rules of survival

June 9, 2022


When camping in the woods, the last thing you want to run into is a bear—but if you do, there are things you can do that can help you live through such an encounter. Similarly, when investors face a bear market or the potential for one, there are ways to help protect yourself from being ravaged by a downturn:

  •  Try to overcome your natural panic and fear; don’t run.
  • Be familiar with the environment.
  •  Take advantage of opportunities.
  • Don’t be afraid of what goes bump in the night—if something is meant to harm you, it’ll stalk you silently.

We go through these rules in detail—and maybe we’ll enjoy some s’mores back at the campsite later on.


Episode 71: Mid caps—the misunderstood middle child

May 18, 2022


Despite the lack of evidence, people tend to believe a middle child has certain personality traits and can be difficult to deal with. Investors may think of mid caps in similar ways. Jeff Mo, Portfolio Manager, U.S. Mid Cap Equity at Mawer Investment Management, joins the Capital Markets Strategy team to talk about the benefits that mid caps may provide for your investment portfolio. They cover topics like:

  • short-term vs long-term market trends
  • how market volatility can create opportunities
  • effect of inflation on companies’ ability to generate returns
  • challenges of predicting the markets
  • importance of downside protection.

Are you judging mid caps fairly?


Episode 70: Seven key indicators of an oncoming recession

April 19, 2022

Seven is often considered a lucky number. But luck doesn’t usually factor into it when talking about recession indicators. The Capital Markets Strategy team discusses whether we’re headed for a recession in the near future by looking closely at seven economic indicators they pay attention to:

  •  10-2 inverted yield curve
  • ISM Manufacturing Purchasing Managers Index
  • positive inflationary trends
  • tighter financial conditions.

Wait, that’s only four! … Not to worry, just listen in and you’ll hear about the other three too.


Episode 69: The Fed raised interest rates—is this the start of a rate-tightening climb?

March 25, 2022

Up … up … up—inflation has been rising, towering like Mount Everest over the economy. In response to this high inflation, on March 16, the U.S. Federal Reserve increased interest rates for the first time in about three years. Our Capital Markets Strategy mountaineers take a look at the path the Fed announcement may be climbing, hiking over areas like:

  • market reactions to the Fed announcement
  • quantitative tightening cycles
  • geopolitical risk in Eastern Europe
  • effects of fluctuating oil prices
  • recession and the 10-year Treasury yield.

Take your pitons, ropes, and harnesses—we’re about to ascend some interesting topics.


Episode 68: History doesn’t repeat itself, but it often rhymes

February 24, 2022

This past month ended in turmoil for the European continent, as well as for investors globally. The tension between Ukraine and Russia has escalated, which has been affecting market volatility. The Capital Markets Strategy team looks at the global state of affairs through the lenses of historical, political, and investment data, covering topics like:

  • short-term and long-term effects of geopolitical and military situations
  • disruptive vs destructive events
  • the impact on commodities, especially oil prices 
  • risk to investment returns

… and more.

Hear what the team has to say about the growing concerns in Eastern Europe.


Episode 67: Is fixed income dead? No, but you may want to look under the hood.

February 10, 2022

Maybe it’s time to take that fixed-income vehicle into the shop for a tune-up? Ace investment mechanics Dan Janis and Tom Goggins, from Manulife Investment Management’s Strategic Income team, join the Capital Markets Strategy team to answer questions around what’s happening in fixed-income markets, including:

  • Are fixed-income investments still worth holding?
  • What will the Bank of Canada and the U.S. Federal Reserve do to combat rising inflation?
  • How do emerging markets fit into the picture?
  • Where are investment opportunities presenting themselves?

And what does this have to do with college football great Paul “Bear” Bryant? Listen to find out.


Episode 66: Did you lock the door? … An unexpected pit stop!

January 31, 2022

Our 2022 road trip has barely gotten underway and equity market volatility already has some investors wondering if they’ve secured their homes before leaving. What does the Capital Markets Strategy team think this recent short-term market weakness is likely being caused by? One word: uncertainty. In this episode, they discuss:

  •  the recent market selloff
  •  what the U.S. Federal Reserve may do with interest rates
  • the geopolitical scene — in particular, tension around Russia and Ukraine
  • what recession indicators and other economic signs could be pointing to

… and more.

There are always unforeseen bumps in the road. But does that mean we should turn around?


Episode 65: 2022 outlook — mapping the road ahead

January 10, 2022

The investment journey over the next year may likely include a number of stops along the way, but the Capital Markets Strategy team sees the potential for it to be a scenic and enjoyable route. In this episode, the team looks at a number of important questions to prepare for the coming trip, including:

  • Is inflation going to rise or fall?
  • What do historical trends say about growth?
  • Equities and fixed income — should portfolio positioning change?
  • How do the effects of the COVID-19 pandemic factor in?
  • Will supply chain issues continue to affect production?

The car tunes are on. Let’s get moving.


Episode 64: We’re making a list, checking it twice

December 17, 2021

The holiday season is finally here after a year that has had more twists than candy cane stripes. The busy elves in the Capital Markets Strategy workshop take a look back at some of the investment and economic themes of 2021 — some naughty, some nice. They wrap up the year end and tie a ribbon around topics like:

  • fixed-income returns and the 10-year Treasury yield
  • equities and credit
  • inflation and the cost of living
  • portfolio protection and asset allocation 
  • the COVID-19 pandemic.

Grab a cup of eggnog, hot chocolate, or apple cider, and listen in.


Episode 63: This isn’t the 1970s stagflation. Keep those bell-bottoms in the closet.

November 22, 2021

Stagflation — sputtering economic growth coupled with rising inflation. Groovy … okay, not really that groovy. Just what is stagflation and how does it affect the investment world? The Capital Markets Strategy team takes a closer look at this idea and the impact it has, covering things like:

  • how current stagflation differs from past stagflation
  •  employment and wages
  •  the price of oil as a consumption driver
  •  interest rates and the U.S. Federal Reserve 
  • the current inflation model.

Can you dig that?


Episode 62: Charting a course for 2022 — reading past the headlines

November 10, 2021

“Extra! Extra! Economy causing unease for investors!” The media has covered many stories about how economic activity has been less than anticipated to some degree or other. When we look beyond the headings and captions, what do we see? The Capital Markets Strategy team discusses some indicators to consider when trying to read the current markets:

  • oil and real estate prices
  • 10-year Treasury bond yields
  •  inflation tapering and interest rates
  • debt and credit conditions

… and many more.

Get the full story.


Episode 61: Keep hitting singles and doubles ... eventually, you'll end up in the fairway

October 21, 2021

What’s the score on stocks? Are currencies inbounds? Should investors play through or go grab a drink from the 19th hole? Sandy Sanders, Head of U.S. Core Value Equity team at Manulife Investment Management, joins the Capital Markets Strategy team to look at current investment plays and conditions on the field, as well as:

  • economic health of Canada and the U.S.
  • earnings in cyclical vs staple businesses
  • valuation and returns in the technology sector
  • U.S. monetary policy
Get ready to listen in. Fore! Batter up! Hut!

Episode 60: Back to school

September 29, 2021

Good day, class, and welcome to our back-to-school session. We hope you had a great summer! Join the Capital Markets Strategy team as they lead us in a discussion about what has happened in 2021, so far, and what we might expect in the months ahead. They cover a lot of subjects this year, including:

  • fixed-income investments’ lackluster performance
  • surprising performance of equity markets
  • continuing impacts of the COVID-19 pandemic
  • valuations and earnings growth
  • inflation’s effects on the 10-year Treasury yield.
Notebooks open? Ears ready? Let’s listen.

Episode 59: Two steps forward, one step back

August 12, 2021

Equities are up; bonds are down. Stronger economic gains and job growth in the U.S. and Canada seem to show that a recovery is in progress. But what happens next? The Capital Markets Strategy team looks back at the first half of 2021 and peers ahead to where we may be going in second half. They cover things like:

  • a possible equity market correction
  • increasing interest in emerging markets
  • valuation variations
  • what prices of commodities like corn, copper, and coffee may indicate
  • fixed-income risks and opportunities
… as well as other topics.

And what does all this have to do with inflation … or bears in the forest?


Episode 58: There's no sleeping in fixed income…

July 13, 2021

The bond markets don’t sleep, so why should you? The Capital Markets Strategy team is joined by Christopher Chapman and Peter Azzinaro, from the Strategic Income team at Manulife Investment Management, to discuss the activity within the fixed-income investment world. They cover topics like:

  • the strategy around risk-adjusted returns
  • looking at the bigger picture of the global bond market
  • whether inflation is transitory or persistent
  • where the 10-year Treasury yield could go from here
  • shifting forces that could affect rates.

Listen in … and don’t get caught napping.


Episode 57 — Working on your inner game

June 21, 2021

Distinguishing between market signals and market noise can help you make good investment decisions. Conrad Dabiet, Senior Managing Director at Manulife Investment Management, offers his insights on managing portfolios and lessons learned over his extensive career, such as:

  • the core views and principles of his Value Equity team
  • how the team has responded to pandemic-driven volatility
  • learning about companies, understanding business, and finding opportunities
  • the psychology of buying and selling.

Public investors play two games: an outer one and an inner one. Join Conrad and the Capital Markets Strategy team to find out the difference.


Episode 56 — Emerging markets, innit?

June 7, 2021

Have emerging markets changed enough to make them worth looking at as a core asset class? Philip Ehrmann, Senior Portfolio Manager at Manulife Investment Management, joins host Philip Petursson to discuss this and other topics related to emerging markets, such as:

  • Areas of the world that are considered emerging markets
  • Changes to the sector structure
  • How politics can affect their evaluation
  • Building an emerging markets portfolio
  • The effect of the COVID-19 pandemic and vaccination programs.

And which English football team does Mr. Ehrmann root for? Listen in and he’ll tell you.


Episode 55 — Because you kept asking — now quarterly!

May 20, 2021

You ask — we hear you. The Capital Markets Strategy team loves receiving and responding to your questions. So, each quarter, the team will devote an entire podcast episode to answering the ones you ask most often. In this episode, they discuss topics like:

  • Why are long-term bonds down currently?
  • Where are yields and inflation headed, and what could it mean for fixed-income investors?
  • What can we expect from the energy sector for the rest of this year?
  • Are emerging markets still favourable for 2021?
  • What’s the potential major market risk for the next 18 to 24 months?

Tune in to hear the team’s responses. And keep your questions coming in.

And what can you do to minimize your tax burden? Let’s listen in.


Episode 54 — Only two things in life are certain...

April 28, 2021

The 2021 Canadian federal government budget — it’s finally here. But what’s in it? John Natale, Head of Tax, Retirement, and Estate Planning Services at Manulife Investment Management, joins host Philip Petursson to share his thoughts about economic impacts of the 2021 federal budget:

  • revenue generation through the “wealth consumption” tax
  • affordable chid care effects on the labour force
  • whether tax rates may increase
  • how the government may pay for the projected deficit
  • … and other related topics.

And what can you do to minimize your tax burden? Let’s listen in.


Episode 53 — Where do we go from here?

April 14, 2021

The economy continues to reopen, more people are receiving COVID-19 vaccinations, and the day when the pandemic is no longer a significant part of our lives draws closer. In light of this, the Capital Markets Strategy team discusses their economic outlook at the end of the first quarter of 2021:

  • Could massive pent-up demand and low inventories affect the economic rebound?
  • How does monetary and fiscal stimulus factor into the markets?
  • Equities or fixed income — which is currently the biggest challenge when building a portfolio?
  • Is inflation always a bad thing?
  • What stage of economic recovery are we in?

Hear the answers to these questions … and learn about revenge spending and envy spending.


Episode 52 — The (inflationary) elephant in the room

March 18, 2021

Inflation rates — should we be paying attention to them now? And what do they have to do with long-term bond yields? The Capital Markets Strategy team weighs in on several subjects related to inflation and fixed-income investments:

  • Will inflation increase in 2021?
  • What do bond yields tell us about the economy?
  • Where do unemployment, wage pressure, and fiscal stimulus fit into this scenario?
  • How could investors react to a low-yield environment that’s moving higher?

… and they banter about beer and bitcoin too!


Episode 51 — That's a great idea ... but is it investable?

March 8, 2021

What happens when a dividend growth strategy is applied to exchange-traded funds (ETFs)? In this episode of Investments Unplugged, Brett Hryb, Head of Beta Management at Manulife Investment Management, joins host Philip Petursson to talk about this and related topics, including:

  • portfolio building and management
  • dividend payout ratios
  • blending active and passive investment strategies
  • what equity investors should consider.

Episode 50 — Corrections are 100% predictable ... in hindsight

February 19, 2021

Market corrections happen often. But exactly when they’ll occur, no one can say with any certainty. “Trying to pinpoint why is a fool’s game,” says Philip Petursson. Listen in as Philip and the Capital Markets Strategy team discuss several topics related to market corrections:

  • What are corrections and why do they happen?
  • What’s a bear market and how’s it different from a correction?
  • How can you tell a big bear from a baby bear market?
  • Why do sell-offs offer investment opportunities?

Episode 49 — Is fixed income still yielding opportunities?

February 8, 2021

What about bonds? Roshan Thiru and Sivan Nair, from the Canadian Fixed Income team at Manulife Investment Management, talk with host Philp Petursson in this episode of Investments Unplugged. They discuss challenges, opportunities, and the outlook for fixed-income investments:

  • the flexibility of investing in different kinds of bonds
  • disciplined approaches to strategic and tactical asset allocation
  • credit markets’ impact on bond yields
  • the effect of the Biden administration’s fiscal policy

… and much more.


Episode 48 — The 2021 fearless forecast

January 22, 2021

Join the Capital Markets Strategy team for a lively discussion about what they think could happen in the economy and financial markets through 2021. The team’s energetic exchange covers many possibilities for this year, including:

  • market returns
  • inflation and interest rates
  • oil prices related to the demand for oil
  • an extension of the 2020 gold rally.

Episode 47 — The eternal optimist 

January 4, 2021

Sandy Sanders, Head of the U.S. Core Value Equity Team at Manulife Investment Management, joins host Philip Petursson for this Investments Unplugged episode. Sandy and Philip talk about where we’ve come from in 2020, where we are now, and what we’re looking toward in 2021. They cover a variety of areas that may affect markets in the new year:

  • COVID-19 vaccines
  • Joe Biden as the next U.S. president
  • interest rates at record-low levels
  • potential earnings growth

… and many other topics.


Episode 46 — Dress for the returns you want, not the ones you have ...

December 15, 2020

Gaining insight about what the future holds, and the financial benefits that could come with it, takes more than hope and guesswork. In this episode of Investments Unplugged, Gertjan Van Der Geer, Senior Investment Manager on the Thematic Equities Team at Pictet Asset Management, joins the Capital Markets Strategy team to share his expertise and discuss:

  • how COVID-19 affects market trends
  • whether or not Bitcoin will gain traction as a future currency
  • emerging megatrends and investment themes to look out for
  • why thematic investing is the better approach to portfolio construction

… and more.


Episode 45 — Because you asked … round 2

November 26, 2020

This episode of Investments Unplugged continues the Q&A of episode 38. The Capital Markets Strategy team once again answer some of the burning questions they’ve been asked during COVID-19 pandemic.

Their responses cover many topics:

  • What effect will government stimulus and mounting debt levels have on equities and fixed income investments?
  • Is a services-based economic recovery important to the markets?
  • Are investors looking more at growth or value now?
  • What about emerging markets? Are they attractive investments?
  • Is the 60/40 investment portfolio dead?

… and more.


Episode 44 — Thinking strategically about fixed income

November 10, 2020

This episode of Investments Unplugged features Daniel Janis, Head of the Global Multi-Sector Fixed Income Team at Manulife Investment Management, who joins Philip to talk about what the fixed-income portfolio looks like heading into 2021. Dan shares how his team analyses and assesses risk within fixed-income investing, and how they pivoted their portfolio in 2020. Philip and Dan also discuss modern monetary theory and their outlook on the U.S. dollar.


Episode 43 — If the markets could vote, who would they choose? 

October 8, 2020

What’s a great way to generate less-than-ideal investment outcomes? Base your decisions on political emotions. The U.S. presidential election is fast approaching, and the Capital Markets Strategy team received many related questions: How do markets react? Are Republicans or Democrats better for the markets? Does policy matter? The team answers these questions and more on a special, election-focused podcast of Investments Unplugged.


Episode 42 — Never let a good opportunity to learn pass you by

October 1, 2020

Over the past six months, we’ve seen a bear market, a recession, decades-high unemployment, unprecedented monetary and fiscal stimulus, and a powerful equity market rally. In this episode of Investments Unplugged, the Capital Markets Strategy team at Manulife Investment Management share the key things they’ve learned during the COVID-19 lockdown — so far.


Episode 41 — That’s gold, Jerry! Gold!

September 22, 2020

In this episode of Investments Unplugged Jamie Robertson, and Alex Richard, both with Manulife Investment Management’s Asset Allocation team, join host Philip Petursson to discuss the importance of asset allocation. They also explore:

  • How the recent market rally has been surprising – and how it hasn’t
  • What market returns could look like over the next five years
  • How the U.S. election outcome affects the team’s portfolio positioning
  • The team’s outlook on gold, and how it has affected their asset allocation strategy

Episode 40 — A kid in a candy store

August 28, 2020

This episode of Investments Unplugged features Sandy Sanders, Head of the U.S. Core Value Equity Team at Manulife Investment Management, who joins Philip to share his view on the market, from a bottom-up perspective, for the remainder of 2020 through 2021. From June data, indicators suggest that the steep earnings decline through the second and third quarter of 2020 may give way to the beginning of an earnings recovery in the fourth.


Episode 39 — This too shall pass …

August 7, 2020

Will we see a global economic recovery in the next 18 months? In this episode of Investments Unplugged, the Capital Markets Strategy team share their outlook for the remainder of 2020 through 2021. They discuss what markets could look like if there’s a second or third wave of COVID-19 infections, whether we should be optimistic or not about future earnings growth, their updated model portfolio weightings, and the direction for the Canadian dollar.


Episode 38 — Because you asked: COVID-19 edition

July 13, 2020


In this episode of Investments Unplugged, the Capital Markets Strategy team answer some of the common questions they’ve been receiving since the beginning of the COVID-19 pandemic. They provide their perspectives on:

  • What’s the risk that the Big Six banks in Canada will cut dividends?
  • There has been an unprecedented amount of stimulus from central banks and government in response to COVID-19. What impact will these debt levels have on investments going forward?
  • Why has the Canadian dollar rebounded so strongly vs the U.S. dollar?
  • Why should I be buying high yield instead of equities, and have I missed the trade?
  • What impact, if any, do elections have on the markets?

Episode 37 — Can we use megatrends as a basis for investing?

June 22, 2020

In this episode of Investments Unplugged, the Capital Markets Strategy team discusses megatrends — the social, demographic, environmental, and technological forces of change that are reshaping our world. Their conversation covers digital currency, nearshoring, digital transformation, biotechnology, smart cities, and how we can find the opportunities that the trends indicate.


Episode 36 - Fixed income — are bonds stronger now?

May 25, 2020

This episode of Investments Unplugged features Manulife Investment Management’s Global Multi-Sector Fixed Income Team’s Director and Senior Investment Analyst Charles Tomes, and Senior Managing Director and Senior Portfolio Manager Thomas Goggins, to discuss the bond markets and what’s ahead for fixed income investments.

The fixed income environment has been interesting, even unusual, over the past few months. Now, it’s returned to more normal levels. What does this mean? What are the risks now? Listen to find answers to these questions, as well as topics like:

  • how bonds have behaved and where they are today
  • U.S. Federal Reserve buying of bond ETFs and the criteria used
  • where credit markets fit into positioning for recovery

Episode 35 — Planning and positioning for a recovery

May 13, 2020

In this episode of Investments Unplugged, the Capital Markets Strategy team looks at strategies and ideas to prepare for a market recovery, including balanced versus equity portfolios and credit markets, as well as keeping emotions in check and expectations real.


Episode 34 — Quotes to invest by

April 24, 2020

In this episode of Investments Unplugged, the Capital Markets Strategy team share words of wisdom they’ve learned, which have shaped them as investors, and that they continually return to as guiding principles. These are their quotes to invest by.

For times of market volatility, they remember that “no price is too low for a bear or too high for a bull.” When it comes to portfolio construction, they keep in mind that “too many parts equal too many defects. Reduce the number of parts, reduce the defects.” And when it comes to taking advantage of market downturns, they remember: “In the middle of every difficulty lies opportunity.”

Tune in to hear what they’ve learned from these quotes, why right now is the best time for advisors to build their books of business, and more.


Episode 33 — Hope is not an investment strategy

April 14, 2020

In this episode of Investments Unplugged, host Philip Petursson is joined by Apollo Lupescu, Vice President at Dimensional Fund Advisors (DFA). Philip and Apollo discuss DFA’s investment approach, the importance of taking emotions out of the equation when it comes to investing, and the answers to these questions:

Should we invest during times of market volatility?
How do elections affect market performance?
Why do today’s markets resemble the markets during World War2, and what lessons can we learn?


Episode 32 — How to survive a bear attack

March 17, 2020

2020 will be the year that the great bull market came to its untimely end. It’s during times like these, when we see equity markets fall as quickly and sharply as they have, that we have to come back to our fundamentals as investors. Over the long term, we want to focus on the goals, manage the risk, and allocate assets properly. 

In this episode of Investments Unplugged, Kevin Headland, Senior Investment Strategist at Manulife Investment Management, joins host Philip Petursson to discuss how the Capital Markets Strategy team focuses on the fundamentals. They share their plan on how to survive a bear attack — four rules to help investors manage market volatility.  


Episode 31 – Asset allocation in turbulent times

March 9, 2020

We can’t predict the risks that cause market volatility, but we can be prepared for them. In this episode of Investments Unplugged, host Philip Petursson finds out how Manulife Investment Management’s Asset Allocation team was prepared for the recent turbulence in the markets.


Episode 30 - Invest in Canada, eh.

February 25, 2020

Patrick Blais, Senior Portfolio Manager at Manulife Investment Management, talks with host Philip Petursson about the potential growth of Canadian markets, the relationship between investments and the Canadian economy, and how the 2020 outlook is shaping up.


Episode 29 - Coronavirus, an economically disruptive, not destructive, event

February 11, 2020

In this episode of Investments Unplugged, Macan Nia and Kevin Headland, Senior Investment Strategists at Manulife Investment Management, join host Philip Petursson, Chief Investment Strategist, to discuss why the coronavirus will be an economically disruptive – but not destructive – event for the markets.


Episode 28 - Pay attention to the world’s yield signs

January 30, 2020

In this episode of Investments Unplugged, you’ll hear from Terry Carr, Chief Investment Officer, Canadian Fixed Income at Manulife Investment Management, on finding good returns on investments in the current global economic environment. Terry joins host Philip Petursson, Chief Investment Strategist, and Macan Nia, Senior Investment Strategist, to share his views about the challenges of the global economy, the likelihood of a market correction coming soon, and what investments will potentially give the best returns.


Episode 27B – Asset allocation — out with the old year, in with the new

January 21, 2020

In part two of a two-part Investments Unplugged episode, you’ll hear more from Manulife Investment Management’s Asset Allocation team on how markets and investments performed in 2019, and what’s ahead for 2020.

Jamie Robertson, Senior Managing Director, Senior Portfolio Manager and Head of Asset Allocation Canada & Global Head of Tactical Allocation, and Alex Richard, Senior Investment Analyst, continue their talk with Macan Nia, Senior Investment Strategist, and host Philip Petursson, Chief Investment Strategist, about positioning investments through this coming year.


Episode 27A – Asset allocation — out with the old year, in with the new

January 16, 2020

In part one of a two-part Investments Unplugged episode, you’ll hear from Manulife Investment Management’s Asset Allocation team on how markets and investments performed in 2019, and what’s ahead for 2020.

Jamie Robertson, Senior Managing Director, Senior Portfolio Manager and Head of Asset Allocation Canada & Global Head of Tactical Allocation, and Alex Richard, Senior Investment Analyst, join Macan Nia, Senior Investment Strategist, and host Philip Petursson, Chief Investment Strategist, to talk about positioning investments through this coming year.


Episode 26 – ESG: with great investing comes great responsibility

January 8, 2020

ESG (Environmental, Social, Governance) investing is no passing phase. In this episode of in*vest*ments: Unplugged, host Philip Petursson, Chief Investment Strategist at Manulife Investment Management, talks with Margaret Childe, Director of ESG Research and Integration at Manulife Investment Management, about this hot topic.


Episode 25 – Fearless Forecast for 2020 

December 11, 2019

Manulife Investment Management’s Capital Markets Strategy team lays down their “Fearless Forecast” for 2020. Kevin Headland and Macan Nia, Senior Investment Strategists, join host, Philip Petursson, Chief Investment Strategist, in a lively discussion to exchange views and share their thoughts on what 2020 has in store for the markets.


Episode 24 - How low can we go?

October 25, 2019

When your clients ask for an explanation of negative interest rates, and how it could affect their investment returns, how do you respond? In this episode of Investments Unplugged, Manulife Investment Management’s Capital Markets Strategy team discusses the impact negative interest rates are having on global markets, and the opportunities that could be lying within. 


Episode 23 - Don’t let the tax tail wag the dog

October 1, 2019

Philip Petursson, Chief Investment Strategist at Manulife Investment Management, speaks with a special guest John Natale, Head of Tax, Retirement, and Estate Planning Services at Manulife Investment Management. They discuss how taxation plays an important role in any investment strategy, and what you keep, at the end of the day, may matter more than what you earn. 


Episode 22 - Going global with Mawer

September 16, 2019

Philip Petursson, Chief Investment Strategist at Manulife Investment Management, is joined by Paul Moroz, Chief Investment Officer of Mawer Investment Management. Paul talks about the team’s “buy, hold, and sell” strategy, and discusses how the current geopolitical environment has affected his team’s analysis, and the opportunities they’re finding as a result.


Episode 21B : Live from the Manulife Mutual Fund Summit

August 28, 2019

In this special two-part series, our host Philip Petursson, Chief Investment Strategist at Manulife Investment Management, gives listeners a “behind the scenes” look into the recent Manulife Mutual Fund Summit.

Philip is joined live with Chuck Tomes, Associate Portfolio Manager and Chris Chapman, Managing Director and Portfolio Manager, both with the Global Multi-Sector Fixed Income Team at Manulife Investment Management. Philip also speaks to Sandy Sanders, Senior Managing Director and Senior Portfolio Manager, who leads the US Core Value Equity Team at Manulife Investment Management.


Episode 21A : Live from the Manulife Mutual Fund Summit

August 28, 2019

In this special two-part series, our host Philip Petursson, Chief Investment Strategist at Manulife Investment Management, gives listeners a “behind the scenes” look into the recent Manulife Mutual Fund Summit.

Philip is joined live with Terry Carr, Chief Investment Officer for Canadian Fixed Income at Manulife Investment Management, and Jim Hall, Mawer Investment Management’s Chairman and Portfolio. He also speaks to Alan Wicks, Senior Managing Director and Senior Portfolio Manager, and Prakash Chaudhari, Managing Director and Senior Portfolio Manager, both with the Value Equity Team at Manulife Investment Management.


Episode 20: Offense sells tickets. Defense wins championships.

July 26, 2019

In this episode of Investments Unplugged, the Manulife Capital Markets Strategy team discusses a defensive position in portfolio strategy. Philip Petursson, Chief Investment Strategist, Macan Nia, Senior Investment Strategist, and Kevin Headland, Senior Investment Strategist go into detail on why they’ve shifted to be underweight in equities for their model portfolios, and what it means for both the rest of 2019, and looking forward into 2020.


Episode 19 : Driving change for a better future with Manulife’s CEO

June 28, 2019

Perspective from the top. In this episode we speak with Roy Gori, President & CEO of Manulife on his background and future vision for the industry.


Episode 18B: Decisively neutral. Waiting for a signal.

June 10, 2019

Following up from the previous episode on geopolitical risk, the Manulife Investment Management Asset Allocation team continues the discussion with Philip Petursson, Chief Investment Strategist. In this episode, the team focuses on their outlook for global asset classes, risks and opportunities in the backdrop of current global geopolitical events.


Episode 18A: Avoid the noise. Focus on the signals.

June 10, 2019

Has geopolitical risk become the new normal for investing? Manulife Investment Management’s Asset Allocation team joins Philip Petursson, Chief Investment Strategist, in a broad discussion on geopolitical risk in the first of a two part series. While these events do occur, the team argues that geopolitical risks should not drive investment decisions.


Episode 17: I shouldn’t have done that….

June 3, 2019

As an advisor, you have seen time and time again, investors panicking during periods of market volatility, selling at the market bottom, locking in losses, sitting out as the market recovers and finally jumping back in at the top of the recovery. Dr. David R. Lewis PhD and Pauline Kabitsis M.Sc. from BEworks, a behavioural economics consulting firm and research institute join Philip Petursson, Chief Investment Strategist, to share insights and offer advisors strategies to help curb irrational investor behavior during market volatility.


Episode 16: Anatomy of a Recession. Listen on.

May 13, 2019

When will we see the next recession? Very few get it right. But, there are key predictive indicators. Join Philip Petursson, Chief Investment Strategist and Kevin Headland, Senior Investment Strategist as they discuss their “Recession Checklist”. Listen on.


Episode 15: The good, the bad and the unexpected

May 2, 2019

After a sharp reversal in the first quarter following the near bear-market in the fourth quarter of 2018, what does the rest of the year hold for investors? Coming back for another appearance, Charles C. Tomes, Associate Portfolio Manager, Global Multi-Sector Fixed Income Team, Manulife Asset Management (US) LLC joins Philip Petursson, Chief Investment Strategist, and Kevin Headland, Senior Investment Strategist, to discuss his strategies and views in responding to the changing interest rate environment.


Episode 14: Why a bull and bear and not an elephant and ostrich? Why gold coins as a wedding gift and not copper ones?

March 18, 2019

There are things in life that we know as fact but may not necessarily know the reason for that fact. This is also true in the financial vernacular.

Why has gold been revered across cultures throughout human existence? Why a Bull and Bear to describe the market’s sentiment? Why is a 60% equity / 40% fixed income asset mix the global standard for asset allocation? What makes the United States the world’s largest and powerful economy?

Join Philip Petursson, Chief Investment Strategist in a lively discussion with Macan Nia, Senior Investment Strategist as they explore these financial truisms.


Episode 13: Seeking the potential to outperform the MSCI World? You need to be different.

February 25, 2019

Learn how thematic investing has opened a different and broader investment universe that lends itself exceptionally well to active management.

Join Philip Petursson, Chief Investment Strategist, in a lively discussion with Pictet Asset Management, a global leader in thematic investing. Special guests from Pictet are; Gertjan Van Der Geer, Senior Investment Manager, Thematic Equities Team and Jean-Pierre Gemme, Senior Business Development Manager.

Together, they discuss global megatrends, conversion into investable themes and ultimately the portfolio construction which includes selecting equities through a lens of “thematic purity” and strong business fundamentals.


Episode 12: When valuing companies, cashflow is king

January 24, 2019

Investment professionals use a variety of traditional measures to value companies, such as PE ratio, Price-to-book value, Price-to-sales, and Enterprise value to EBITA. But are they accurate? In this episode, Philip Petursson, Chief Investment Strategist, speaks with Patrick Blais, Senior Portfolio Manager, co-head of the Canadian Fundamental Equity team, Manulife Asset Management, who views valuing companies differently. He has often said, “company earnings can be potentially fictional whereas cashflow is real”. Is there a right measure? Listen on.


Episode 11B: 2019 Outlook – Travel with caution, not fear

January 18, 2019

The Capital Markets Strategy team conclude their two-part series with a focus on WYNTK for International Equities, Fixed Income and the Canadian Dollar in 2019. Philip Petursson, Macan Nia and Kevin Headland ends this episode with their individual 2019 fearless forecast. Listen on.


Episode 11A: 2019 Outlook - Travel with caution, not fear

January 14, 2019

In 2018, equities and fixed income can be summed up as being “frustratingly disappointing”. There was nowhere to hide. So, is it so bad, that it’s actually good? Listen on as Philip Petursson, Macan Nia and Kevin Headland, provide their insights on last year’s retail investor capitulation, and how that may set up new opportunities for 2019.


Episode 10B: Bonds. A long-term affair.

January 9, 2019

Our fascination with bonds continues in our last episode of a two-part series. Bonds can come in many different forms, ranging from CMBS, sovereign debt and even “Bowie bonds”. Join Philip Petursson, Chief Investment Strategist with special guests, Dan Janis, Senior Portfolio Manager and Charles Tomes, Associate Portfolio Manager, Global Multi-Sector Fixed Income, Manulife Asset Management (US) LLC in a deep dive into how they make investment decisions when so many bond structures are available.


Episode 10A: Bonds. A long-term love affair.

December 19, 2018

Bonds or debt has been around for over 1,000 years. Throughout its history, bonds have built empires but left unchecked, spiraling debt has crippled governments. In a special two-part episode, join Philip Petursson, Chief Investment Strategist and John Addeo, Chief Investment Officer, Global Fixed Income, Manulife Asset Management (US) LLC in a deep dive into the world of bonds.

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Manulife Investment Management

Manulife Investment Management

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