March, 2014 – InvestorLiterature.com Review

Written by Bruce Grantier. Posted in InvestorLit Updates

This Review discusses a recent paper by Professors Christos Ntantamis (formerly Mount Allison University, now TD Bank Group, Economics) and Jun Zhou (Dalhousie University), 2013 winner of the Hillsdale Investment Management Inc. – Toronto CFA Society Canadian Investment Research Award. Their paper presents a very insightful and original analysis of three commodities (gold, oil, and metals), showing that “there is little evidence that the market phases identified for the individual stocks are related to those for the commodity prices.” As such, this is a valuable finding for all investors, but especially Canadian investors, where the S&P/TSX 300 has a current weight of 50% in gold, metals, and energy.

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