Soundbites

Soundbites briefly explore what’s on Sionna managers’ minds.

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Equity Risk Premium Signals

August 2012

The Equity Risk Premium (ERP) is defined as the return in excess of the risk-free rate that an investor requires as compensation for taking on the added risk of being exposed to the stock market. It is an important measure because it informs us of how optimistic (or not) the market is at various points in time.

More From Our Market Review

May 2012

After our Financial Market Review on May 3, 2012, we had an opportunity to take questions from attendees and address a range of topics. There were a variety of questions brought up: below are three that caught our attention.

Energy Infrastructure – What a Great Year to be “Boring”

February 2012

The energy infrastructure sector enjoyed a banner year in 2011 and significantly outperformed the broader market. These “boring” infrastructure businesses, which includes utilities, pipelines, and energy storage and processing, posted total returns of 20 to 40 per cent for the year.

Caveat Emptor – Let the Buyer Beware

November 2011

As our client, we want to share with you our concerns about aspects of market activity that suggest that exposure to securities lending may be imprudent for the next several months.

Why are the Markets so Volatile?

August 2011

We believe that we are in year eleven of a sideways or range bound market. Range bound markets are characterized by volatility and historically have lasted a minimum of 15 years.

Recent Developments in Barrick Gold

May 2011

On April 25, 2011 the world’s largest gold producer, Barrick Gold (market value $44B), announced their intention to buy the copper producer Equinox Minerals for $7.3B.


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