Canadian equity funds see positive results in Q2

first_img Facebook LinkedIn Twitter For the second quarter in a row this year, Canadian equity funds saw positive results with natural resources funds leading the way, according to preliminary performance numbers released by Toronto-based Morningstar Canada on Thursday. Eighteen of 21 Morningstar Canada Fund Indices were up during Q2 with 11 of those funds seeing an increase of 3% or more. The best performer of the quarter was the energy equity category of the Morningstar Canada Fund Index with an increase of 13.7%. Another strong performer was the Morningstar Natural Resources Equity Fund Index, which came in third overall. IE Staff “Fund returns in these two categories benefited from oil and gas stocks that rose with escalating oil prices, as the current conflict in Iraq sent oil prices higher in June in light of uncertainty surrounding the country’s oil supply,” said Vishal Mansukhani, Morningstar manager research analyst. “Iraq has become an important oil producer over the past few years, pumping more than 3 million barrels each day.” The second best performing fund category of the quarter was Precious Metals Equity, which saw an increase of 12.1%. Among the top 10 performers for Q2 were the five domestic equity fund indices. The purely domestic Canadian Small/Mid Cap Equity and Canadian Equity categories were up 6.2% and 5.8%, respectively, while the Canadian Focused Small/Mid Cap Equity and Canadian Focused Equity categories, which can allocate up to 49% of their holdings in foreign stocks, increased by 4.7% and 3.8%, respectively. The Morningstar Canadian Dividend & Income Equity Fund Index was up 5% for the quarter. For the most part, foreign equity funds also saw positive results. For example, the Morningstar Emerging Markets Equity Fund Index increased 3.2% for the quarter; Asia Pacific ex-Japan Equity was up 2.3%; and U.S. Equity increased by 1.5%. The weaker returns were mostly due to currency effects as the Canadian dollar appreciated against most major currencies during this time. The only indices to end up in the red for the quarter were Greater China Equity and U.S. Small/Mid Cap Equity, with decreases of 0.3% each, and European Equity, down 1.8%. European Equity was also the worst performer for the month of June with a 1.5% decrease. Share this article and your comments with peers on social medialast_img read more

News / Whitehall backs move to bring distributed ledger technology to UK ports

first_img“Our initial brief would consider how DLT could be used for a variety of situations from cross-border trade to scheduling,” he said. “The industry partners we get on board would then narrow this brief to one to three applications that would be able to provide testable outcomes within the year.”In terms of industry partners, Mr Beck said Digital Catapult had been in discussions with one major UK port operator for some time and hoped to announce its name shortly.While Digital Catapult has financial backing from the government, each field lab will require commercial funding, and the aim for the ports programme is to bring three to four partners on board.“Each would need to contribute £30,000-£40,000 to get the project off the ground,” said Mr Beck “Not only would this cover costs but in terms of working groups, three to four provides the numbers for collaboration without leading to a situation of ‘too many cooks’.”The mostly widely known example of DLT is blockchain. However, it is not the only option, with at least two others available, including a system known as consensus, for closed computer networks, and another known as emergent consensus.Technology lead for blockchain at Digital Catapult, Rob Learney, told The Loadstar which system was used would be decided by the partners.“The point of the companies getting involved is not only that they develop it but also they commit to using it,” he said.“It is important we receive guidance from industry on the development front, as otherwise they tend to disengage, and the programme ends up dying.”As recently as 2016, the UK was seen as the forerunner in DLT development, but in recent years it has fallen behind, with Canada making more headway.On the ports side, together with the municipality of Rotterdam, the Port of Rotterdam Authority last year launched its own field lab for the development of DLT applications.Mr Beck said he hoped the Digital Catapult initiative would play a role in regenerating the UK’s reputation in the field, but emphasised it was dependent on industry engagement.He added: “As technologists, we are in the perfect position to address any issues of trust that the various industries we want to work with may have.”Mr Learney noted that the goal of DLT was digitised trust, adding that he hoped the field labs would address any fears of collaborating.“Ultimately, the collaborative group would be the gatekeeper, and it would put them together, rather than a single party that would be able to extends rights to further parties,” he said. “And the port operator we have been talking to has expressed that it does not want to own the finished product, it merely wants to benefit from being in a first-mover position.”Proprietary rights over such a platform has not served Maersk well, with the carrier’s blockchain platform reportedly struggling to attract users in the 10 months since launching. TradeLens’ struggles have led to questions over the use of DLT within the shipping sector.Senior research associate at UCL Geoffrey Goodell pointed to the internet as an example of a decentralised system that had succeeded.“The internet’s power was to separate the underlying system from its use cases, with the platform – the internet – remaining neutral,” he said. “Developing these technologies is a long slog because they are not driven by one company or party – it took the internet 20 years to take off – but they can succeed.And Mr Learney said that by starting with an ambition to show something was achievable, it may be possible to show how a decentralised system could be made to benefit the sector.“Plus, with us targeting multiple industries – including construction and film – we would hope that these working groups would cross-pollinate one another’s DLT,” he added.Once a collaboration group has been formed, it will undergo a three-month training period, when the relevant applications will be selected. This will be followed by a nine-month development stage, with the aim that by April 2020 at the latest, results will be available. By Alexander Whiteman 20/11/2018 A UK government-backed initiative to foster digital innovation across industry is looking to demonstrate the benefits of distributed ledger technology (DLT) in the shipping sector by 2020.Last month’s budget renewed five-year funding for Digital Catapult, which provides physical and digital facilities for technology testing and seeks to foster industry collaboration.As part of its ambitions, Digital Catapult has launched DLT field labs, working with businesses, investors and regulators in a range of areas, including ports.Partnerships manager Christian Beck told The Loadstar the ports field lab would start with a wide brief.last_img read more

NAHBS 2016 – Distinctive road, mountain & other bikes from Wittson & W.H. Bradford

first_imgW.H. Bradford is a small builder out of Rancho Cordova, CA. His collection spanned the range from a road bike worthy of being in Campagnolo’s booth to this Moto Clunker to a pair of bikes made for exploring the outer reaches.The Moto Clunker mountain bike is a twin top tubed hardtail with single pivot “springer” fork that rides like a moto when getting rowdy. It was built for Ty Hathaway of Golden Saddle Cyclery and there’s more to it than just that odd suspension fork. Double top tube makes it more rigid, but it’s really just for looks. The dropped bend let’s the saddle’s nose nestle in there when dropped for a very moto look.Check it, and some fabulous titanium bikes from Wittson, below… Moonmen’s titanium riser handlebars add a bit of cush and look the part.The fork doesn’t provide a ton of travel, but it should get a ton of looks. All tubes are custom bent at Monkey Likes Shiny, which is local to them. They also paint local to the Bay Area, keeping everything as close to home as possible.A coaster brake with disc tabs just in case.They road bike was the most straightforward of the bunch, but it did have this little bit of custom paint work to catch the eye:Note the exposed metal on the top of the seat mast for slip free clamping of the saddle’s post.Their adventure bike was a labor of love to get what they want out of a touring fun bike. It has an oval top tube for shouldering and a dropper post because, well, you never know what you might get into.Ruckus Composites molded these carbon water bottle bosses on Whisky fork for them, which stopped several folks in their tracks while I was snapping pics.There’s clearance for up to 45mm tires, but really they built it for these Bruce Gordon Rock ‘n’ Road tires that they love.The 27.5+ Long Ridge is their backcountry do-it-all mountain bike. It’s Boost spaced and the longer wheebase is meant to make it more comfortable for all day rides.A lot of the hardware comes from Bentley out of the U.K., including some dropouts, cable guides and inserts, and the clamp for the integrated top cap and stem piece.Tubes are run through the frame to guide the cables and housing……and they’ve done some really cool stuff with their layout to add a little form to the function.WITTSONWittson is a father-son team of builders out of Lithuania. The elder, Vitas Zukauskas, originally built for Colnago and then others before turning his attention to their own brand and building exclusively of titanium. Their frames come with a lifetime warranty as the craft is being passed down to his son, Mindaugas.The Cross Country Bestia gets their handmade titanium fork, too, which can be made for thru axles to stay current. It’s for 29ers only, can handle up to a 3.0″ tire and weighs just 1023g with an uncut steerer. And there’s no rider weight limit. It’s about $1,000, give or take for exchange rate (€739). The internal routing is very clean, hiding the brake hose from just behind the head tube all the way to just in front of the caliper. Considering the shape of the stays (below), that’s no small feat:Excellent tire clearance, too, and no chainstay bridge to collect mud. The Road Race Suppresio is their pavement pounder and gets shaped tubes to provide a laterally stiff ride without giving up ti’s inherent vibration damping properties. A larger brake cable exit port makes it easier to fish the cable and housing out during install, then gets a titanium cover to hide the excess opening.The chainstays flow into the bottom of the BB shell, something we don’t usually see. It’s one of those things you may not immediately notice, but just gives the bike that “yeah, that looks really good” vibe. The internally routed front shift cable pops out of the tube and runs through a guide to the front derailleur – very clean!The rear shift cable runs inside all the way through the BB shell and out the end of the chainstay.Wittson.comlast_img read more

The Gates Corp. And ASE Name Ronnie Bush Sr. Instructor Of The Year

first_imgA technician for 38 years, Bush teaches automotive technology at Tennessee College of Applied Technology in Jackson, Tenn. He grew up working at his family’s automotive shop and credits his father, an auto mechanic, for being his mentor. Bush was recognized for his involvement in all phases of the Gates Tools for Schools program, including webinars, which cover topics such as accessory belt drive systems (ABDS), coolant systems and timing component systems. Bush utilizes the Gates Performance Center as a supplemental learning platform, where his students have received 151 certificates of completion for automotive courses offered by Gates. Bush has been ASE certified since May 1987. Bush was honored at the ASE Fall Board of Governors Meeting held Nov. 20th, 2013 in Newport Beach, Calif. To qualify for the Gates Tools for Schools/ASE Instructor of the Year award, candidates must have registered as an instructor through ASE and must be Master Auto Certified + L1, and have taken at least one ASE test in the last 12 months. They also have to be a registered Gates Tools for Schools member, be a Gates Performance Center administrator with students enrolled in their class, participate in the Gates Tools for Schools webinars and be currently contracted to teach automotive technology. “My father was my mentor and my teacher and I never wanted to be anything other than an automobile mechanic,” said Bush. “My son continued the tradition and it was my honor to be his teacher at the Tennessee College of Applied Technology. He is now an ASE-certified technician working at an independent service center.” DENVER, Colo. – The Automotive Aftermarket division of The Gates Corp., in collaboration with the National Institute for Automotive Service Excellence (ASE), have named Ronnie Bush Sr. as the Gates Tools for Schools/ASE Instructor of the Year.  AdvertisementClick Here to Read MoreAdvertisement ASE, a non-profit organization established to improve the quality of automotive repair and service through the testing and certification of technicians and parts specialists, partnered with sponsor Gates to recognize a top automotive instructor who displays commitment to his or her students and to the automotive service industry. “I tell my Automotive Technology students that some people have a job and some people have a career,” said Bush. “Being a professional automotive service technician is a career. It’s not what you do, it’s who you are. You can only make that kind of commitment to something you love.”last_img read more