Description: Argues renewable energy will displace fossil fuels, leading to investment opportunities and risks

Description: U.S. bond markets have undergone dramatic changes due to the 2008 Global Financial Crisis (GFC) and the COVID-19 pandemic. In taking a retrospective view, we can see that bond markets, viewed through the lens of major bond indices, have been evolving for quite some time. Within this paper, TD Asset Management Inc. (TDAM) will explore underlying changes that have occurred within the U.S. Corporate Bond Index, a sub-component of the larger U.S. investment grade bond market, over the past decade. We will highlight key structural changes that have occurred within bond markets and why they are noteworthy

Description: This article discusses facts and issues related to the selection of a stock’s price distribution.

Description: Feature article discussing the newly developed Build America Bonds BABs.

Description: After a very challenging year, actuaries need to look back and consider the lessons learned. Have we returned to where we were, or have we moved on to a new norm? What does the COVID-19 pandemic market data tell us that will help us to prepare for future global crises?

Description: Explains theoretical and empirical shortcomings of asset allocation rules that compare the earnings yield on stocks to the nominal yields on Treasuries.

Description: All things considered, caution needs to be applied to the use of so-called “standard” mortality tables. Sharpening up these blunt estimates by using individual assumptions reveals material differences in the structure of longevity, both between plans and within plans.

Description: GDP growth has slowed as numerous headwinds have emerged. This article summarizes a research paper by Mark Alberts and Max Rudolph that addresses reasons why this is so and how risk managers can address using scenarios.

Description: Describes why, contrary to common opinion among financial economists, investments may be less risky for a longer time horizon. Describes where the assumptions underlying Paul Samuelsons assertion may not apply

Description: In this article we take a look at some of the requirements practitioners will need to consider as they implement a framework for managing the long‑term implications of C-ROSS as they pursue their capital efficiency agenda.