The Long and Winding Road: Canadian Institutional Investing in an Unconstrained Environment
- Source:
- Franklin Templeton Investments
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Overview: Until recently, investors who desired greater non-domestic exposure were forced to use derivatives or convoluted pooled on pool strategies. In the former, they gave up alpha, and in the latter they sacrificed simplicity while encountering unnecessary legal/consulting fees. The elimination of the Foreign Property Rule (FPR) changes the playing field of the Canadian institutional landscape. This article provides in-depth thought on how the three key players of the "institutional troika" (sponsors, consultants and money managers) will respond to an unconstrained opportunity set. It analyzes the implications for policies, strategies and tactics.
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Format: PDF | Size: 169KB | Date: Jun 2005 | Pages: 7



