25

October2021

Vitarka

ANTYA’s views on investing markets, economy, and more

Latest Insights

The European Union – Where To From Here?

Every now and then, investors get an opportunity to earn outsized returns in capital markets. Is Britain’s recent vote to exit from Europe one such opportunity? At the heart of this conundrum is a fundamental question – will Brexit ultimately result in an unravelling of the European Union (“EU”)?  …

United Kingdom Exits the European Union – Black Swan or Just Another Day

On February 20, 2016, David Cameron the newly re-elected Prime Minister of United Kingdom (“UK”) announced a referendum to be held on June 23, 2016, that gave the citizens of UK the opportunity to decide their future within the European Union (“EU”). Against all economic logic, UK voters chose to …

TSX 60 Total Return Index – Humbling the Soothsayers

Download this Report Over the last decade, a Canadian business news channel has developed business programming dedicated to hosting stock-market experts on a daily phone-in show. Viewers from across Canada seeking investment counsel, call in seeking expert advice. There is the added possibility of getting some hot investment tips either …

$1 Million of 2000 = $7.2 Million of 2016 – Shocking But True !

One of the conundrums facing policy makers and savers when planning or discussing retirement savings is to determine the quantum of savings i.e. how much of a nest egg will be enough? Since most savers are looking to plan for something distant in the future, neither the path to investing …

Valeant’s Acquisition Fable: Exciting Good Corporate Governance: Priceless

Download this Report “We Do Not Bet on Science, But On Management” Valeant Pharmaceuticals  International Inc. – Annual Report 2011 That Valeant Pharmaceuticals International Inc.’s (“Valeant” or the “Company”) stock price was bound to implode is evident in the quote from the Company’s 2011 annual report. Needless to say that …

Canada: Budget 2016 – Righting a Listing Vessel

“Growing The Middle Class”, that was the refrain of the first Liberal budget. To that end Liberals reaffirmed personal tax changes announced in December 2015. The budget also disclosed additional measures to benefit middle income families with children, and announced some additional grants for university students. That the government is …

The Immovable Federal Reserve – From Goldilocks to Shackles

“The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run.” With those words of wisdom the …

Large Cap Equity Managers – The Struggles Continue

In 2015, amid plunging oil prices and a strengthening U.S. dollar, the S&P 500 Index delivered a total return of 1.38%. Nonetheless, in 2015, 66.11% of large-cap equity managers, under-performed the S&P 500. The figures are equally unfavorable when viewed over longer-term investment horizons. Over the five-year period ended 2015 …

OSC Reviews Active Management Strategies

In the February issue of VITRAKA – citing research from an academic study – we highlighted that active mutual fund managers in Canada were “less active” than universally believed. Using data from the study, we illustrated that Closet Indexing in Canada was double that in the U.S., and that Canadians …

A Lost Decade For Canadian Equities – Lower Costs Offer Panacea

The media, concerned politicians, market commentators and the rest of Canada is anxious about two things at the moment. The first: Canadian real estate – is a hard landing imminent? The second is the sufficiency or a lack thereof, of individual retirement savings. By creating Ontario Retirement Pension Plan (“ORPP”), …

Asset Allocation Holds Fort

ANTYA, founded by Neeraj Monga, offers institutional grade investment management services to Canadians in Alberta, British Columbia and Ontario. Our Vision is to provide “Investing That Empowers You”, and our Mission is “Simplicity and Transparency” in everything we do. I am often asked, what is the meaning of ANTYA, and …
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