It's the End of QE As We Know It (And We Feel Fine)
Global financial markets are at a crossroads. The key question is this: with the Fed's quantitative easing program set to expire at the end of June, will there be an encore?
For us, the curtain does not rise and fall with the start and finish of QE's first two acts. Although a brief intermission is probable, we are far from convinced that the second instalment will be the last.
True, subsequent programs may not be QE as we know it (and may involve direct purchases of assets other than bonds), but monetary activism should remain high.
To read more: please click the following safe link to this month's ETFocus written by Tyler Mordy.
It's the End of QE As We Know It (And We Feel Fine)
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Author: Tyler Mordy
Tyler Mordy
Hahn Investment Stewards & Company
Inc.
Hahn Investment Stewards & Company Inc.
Global Fund Management & Investment Counsel
Ontario: The Exchange Tower, 1800-130 King St. W., Toronto, ON M5X 1E3
British Columbia: P.O. 2609, Station R, Kelowna, BC V1X 6A7
Phone: (888)-957-0602 e-mail:information@hahninvest.com
Tyler is regarded as a leading expert in the burgeoning field of exchange-traded funds (ETFs) and writes an influential, bi-monthly publication called ETFocus. He is a recognized innovator in the design and application of actively-managed ETF portfolios. Tyler's expertise is widely acknowledged, and he has been interviewed by several notable publications including The Wall Street Journal's - Smart Money and City Wire - Guide To Exchange Traded Funds.
Tyler Mordy is a portfolio manager and Director of Research at HAHN Investment. Since joining the firm in February 2003, he has made key contributions in the development of the firm's proprietary portfolio systems. A member of the HAHN Investment Committee, he is engaged in top-down strategy, investment policy and securities selection.
Previously, Tyler began his career at Deutsche Asset Management in London, UK. He earned his bachelor's degree in both Mathematics and English Literature at the University of British Columbia. Mr. Mordy is a CFA charterholder.
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