Episode Summary
Host Mark Therriault speaks with Ben Jang, Portfolio Manager at Nicola Wealth focused on debt instruments. In today’s conversation, they discuss preferred shares, which has been a hot topic over the last several months because of changes in the marketplace.
Ben gives a breakdown of this asset class and explains how the changes in the marketplace in the last several years have impacted it. He also touches on the new issue that RBC recently came out with that could potentially replace preferred shares as a whole, explaining the key differences between this new issue vs. rate resets (the predominant player in the current preferred shares market).
Episode Featured on:
The Wealth Exchange
The Wealth Exchange podcast provides insight, innovation, and access to the experts on a wide range of topics affecting affluent families across Canada. Join our team of hosts as they sit down with leaders and changemakers from around the globe to discuss investing, leadership, philanthropy, entrepreneurship, and more.
Guest Bio
Ben Jang
Ben Jang is a Portfolio Manager at Nicola Wealth. He joined Nicola Wealth in September 2012 with extensive experience working for several multi-billion dollar investment management firms focusing on global equity, GTAA and market neutral funds. Most recently, he was on the institutional portfolio management team of a Vancouver-based firm and was responsible for quantitative strategies and optimization of portfolios.
For his full bio, visit: nicolawealth.com/Our-Team/Ben-Jang
About The Host - Mark Therriault
Mark is the Financial Advisor and partner of Nicola Wealth — and host of the Investor Education and Why I Built it segments of The Wealth Exchange podcast.
As a member of the Nicola Wealth Planning Team since 2006, Mark has become his clients’ trusted advisor. He prides himself on providing an exceptional experience to his clients while quarterbacking their financial affairs.
For his full bio, visit: nicolawealth.com/Our-Team/Mark-Therriault
For More Information on this Week’s Episode, Visit:
www.nicolawealth.com/insights/collection/the-wealth-exchange
Disclaimer
This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM Fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.
