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Why MICs Have a Place in Every Investment Portfolio
In an era of record-low interest rates, market volatility and unprecedented fiscal and monetary intervention, investors need to think outside the box when constructing their portfolio. Within the US $10 trillion alternative asset market, private mortgages provide a viable alternative to conventional portfolios composed of stocks and bonds. Mortgage Investment Corporations, or MICs, are one…
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Avoid the pitfalls of Investment Biases when considering Alternatives for your Portfolio
Research has shown us that investors are often compelled to act based on certain preconceived biases. These biases, whether conscious or not, skew their decision-making process in a way that could adversely affect their portfolio’s performance. Anchoring is one such bias that has been flagged by market theorists. Anchoring is a subconscious bias towards an…
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Invest in CMI Mortgage Investment Corporation (MIC) funds
Portfolio managers have observed an interesting relationship over the past three months: Stocks and bonds have exhibited the strongest positive correlation this century. While far from an iron-clad indicator, the bond yield ratio suggests that investors are legitimately concerned about inflation. The data certainly backs this up. Annual inflation in Canada and the United States…
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For an Alternative to the Traditional 60/40 Portfolio, Look No Further than MIC Funds
For decades, the traditional 60/40 portfolio strategy has guided investment managers in their quest to provide clients with a sensible balance between risk and returns. The onset of a global recession punctuated by a public health crisis may have permanently changed how portfolio managers approach the market. It’s not to say that portfolio managers didn’t…
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CMI State of the Market: Home Sales Surge as Busy Spring Season Heats Up
March was another record-breaking month for Canada’s housing market, as strong demand and rising inventories led to more closings across the country. The gains were underpinned by a strong labour market and cautious optimism that Canada’s economic recovery was gaining momentum. Signs of recovery in the condo market also suggested that Canadians were in search…
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A Behind the Scenes Look at Mortgage Investment Corporations
How MICs Source and Adjudicate Loans and What Happens When There Is a Default Mortgage Investment Corporations, or MICs, represent one of the fastest-growing alternative assets in Canada. As more investors turn to MICs, understanding the lending and adjudication processes becomes increasingly important. This understanding can help investors gauge the risk management and due diligence…
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This Tax Season Consider a MIC for your TFSA and RRSP
How MICs Fit in TFSA and RRSPs As an investor, you can hold shares of a Mortgage Investment Corporation (MIC) in your registered account—be it TFSA, RRSP, RRIF, or RESP. As a shareholder, you are entitled to dividend payouts from the fund. Due to their corporate structure, MICs do not pay income tax and are…
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