CIBC Mellon Industry Perspectives: Private Credit in Institutional Portfolios: Structure, Resilience and the Canadian Perspective
Private credit has moved from a niche allocation to an increasingly established component of institutional portfolios.
In a recent CIBC Mellon Industry Perspectives podcast, I moderated a discussion examining how private credit strategies are structured, how returns are generated, and what considerations Canadian institutional investors should weigh as allocations evolve. Joining the conversation were Gino DiCenso, Vice President, Fixed Income, CIBC Asset Management, and Myk Jemetz, Assistant Vice President, Asset Owner Solutions, CIBC Mellon.
Our discussion focused on the structural characteristics that differentiate private credit from public fixed income markets. Private credit investments are typically directly originated, allowing for negotiated terms, covenant protections and tailored capital structures.
For more information, listen on any major podcast platform.
The Canadian ETF Association Reports ETF Ownership is Rising as Cross-Border Complexity Grows
New research commissioned by the Canadian ETF Association (CETFA) and conducted by SAGO reveals that ETF ownership has entered the Canadian mainstream.
The data shows that many investors are navigating a complex marketplace, particularly as their portfolios span both U.S.- and Canadian-listed products.
For more information and key findings, see CETFA's news release.
Bank of Canada Speech: Canada's Monetary Policy Framework in a World of Supply-driven Trade-offs
In a recent speech, Bank of Canada Deputy Governor Sharon Kozicki discussed the challenges of setting monetary policy in a world where supply-side developments are important drivers of inflation.
For more information, read the remarks.
The European Securities and Markets Authority Issues Supervisory Briefing on Algorithmic Trading
The European Securities and Markets Authority (ESMA) published a supervisory briefing to support consistent supervision of algorithmic trading.
ESMA's briefing reviews emerging technological developments, outlining considerations for the use of AI. This section aims to help supervisors assess new risks and ensure that firms adopt robust and responsible approaches when deploying advanced technologies in their trading operations.
For more information, read the ESMA's press release.