Agenda 2015 Toronto

For downloadable presentations please click on title or speaker highlighted in RED

TUESDAY, MAY 26, 2015






Conference Registration and Breakfast in the Foyer
Sponsored by: Radius Financial Education



8:50 – 9:00

Official Welcome
Radius Financial Education


Opening Remarks and Master of Ceremony
Pat Bolland, Media Consultant



9:00 – 9:20

That Was Then… This Is Now: 25 Years Of ETF History
Moderated by: Yves Rebetez, Managing Director, Editor, ETFinsight


This year marks the 25th anniversary of the launch of the world’s first exchange-traded fund, right here in Canada. Since then, TSE listed ETFs have grown to roughly $85 billion in assets under management, and over 370 offerings encompassing a vast array of asset classes and strategies.

They were there when it all began.
Peter Haynes, Managing Director, Index Products, TD Securities Inc.
Stephen Elgee, Chief Investment Officer, Periscope Capital Inc.



9:20 – 9:50

Keynote Speaker: Deborah Fuhr, Managing Partner, ETFGI, Providing Independent Research/Consulting Services on and for the Global ETF/ETP Industry Investors

The Next Generation: The Future Of ETFs Globally


Described as “one of the world’s leading ETF analysts” and an Award-winning ETF authority, Deborah Fuhr, Partner and Co-Founder at ETFGI will give us her insight on the current global ETF Landscape, review the net new asset flows and will briefly touch on how they are being used, who are the users and how they are being selected.

ETFGI, a London-based Firm produces extensive ETF-specific analysis. Their research covers trends in the Global ETF/ETP industry which had 5,632 ETFs/ETPs, with 10,902 listings, assets of US$2.919 trillion, from 245 providers listed on 63 exchanges in 51 countries.



9:50 – 10:40

Building Intelligent Indices: A Deep Dive

Moderated by: Scott Boniferro, Product Manager, Invesco Canada

Ari Polychronopoulos, Vice President, Client Strategies, Research Affiliates

Vinit Srivastava, Senior Director, Strategy Indices, S&P Dow Jones Indices


Join two leading index providers as they shed light on the intricacies of what makes their innovative indices tick:

  • Factors - selection & simplicity matters
  • Constrained vs. unconstrained strategies
  • Automated rebalancing: taking the emotion out of harvesting gains
  • Determinants of investibility



10:40 – 11:00

Networking Break in Exhibit Hall
Sponsored by: First Trust Portfolios Canada



11:00 – 11:50

Multi-Factor Models – An Exciting Development In The Evolution Of Smart Beta Strategies

Moderated by: Rohit Mehta, Senior Vice President, First Asset ETFs

Barry Gordon, President & CEO, First Asset

Michael Nairne, President & CIO, Tacita Capital Inc.
Ryan Spourgitis, Vice President, Client Coverage, MSCI


Multi-factor strategies are the strongest growing category of ETF investment methodologies for 2015 and are one of the most exciting developments in the ETF landscape. Incorporating factors into the investment methodology has been demonstrated to often result in increased risk adjusted returns.

Join us as we discuss and debate:

  • Comparison and contrast of various smart beta strategies

  • Factors such as Volatility; Momentum; Value; Which ones are best and how many should be used?

  • The limitations of factor based strategies

  • How is risk affected by factor-based strategies?



11:50 – 12:40

Trading ETFs: Doing It The Right Way
Moderated by: Trevor Cummings, Head of Business Development, Exchange Traded Funds, RBC Global Asset Management Inc.

Alex Perel, Director, ETF Trading, TD Securities

Amanda Davidson, Managing Director, Financial Products, BMO Capital Markets

Marty Gillespie, Director - Portfolio Trading, RBC Dominion Securities

Intraday trading is one of the greatest advantages ETFs offer. It's also one of the riskiest, if you do not take care.


This interactive session will highlight what you need to know about capital markets to avoid horror stories of trades gone wrong:

  • Working with trading partners including exchanges & market makers

  • How to evaluate true ETF liquidity

  • Why spreads may not be a penny wide – and why this is ok

  • Trading mistakes you should never make (again)



12:40 – 1:40

Buffet Lunch in Exhibit Hall
Sponsored by: First Asset ETFs



1:40 – 2:20


STREAM1 Daniel Straus, Ph.D., M.Fin., ETF Research & Strategy, Derivatives & Structured Products, National Bank Financial


Bonds: Rethinking Your Strategy

Scott Boniferro, Product Manager, Invesco Canada

Barry Gordon, President & CEO, First Asset

Alfred Lee, Vice President, Portfolio Manager & Investment Strategist, BMO ETFs


After enjoying decades of stable and consistent returns, the traditional fixed-income landscape no longer offers many attractive opportunities. With so much to take in, investors are uncertain as to how and where to allocate fixed-income dollars.

  • Do real opportunities still exist?

  • Options and challenges

  • Will traditional fixed-income management techniques still work?

  • Reconsidering fixed-income strategies

  • Credit risk (default) and interest-rate risk (duration)

Introductions by:
Matt Hougan, CEO,


The Active-Passive Debate

Paul Bosse, Principal, Vanguard


Investors seeking higher returns may wonder whether indexing or active fund management is the better choice. Our research shows that the market environment can have a greater impact on relative performance than manager skill or even cost differences.



2:20 – 3:00


STREAM1 Moderated by: Jaime Purvis, Executive Vice-President, Horizons ETFs Management (Canada) Inc.


Getting Active With Income

Derek Brown, Vice President and Senior Portfolio Manager, Fixed Income, Fiera Capital

Fiona Wilson, Portfolio Manager, Systematic Strategies, Guardian Capital LP


Generating an attractive income in a Canadian Fixed Income portfolio has never been more challenging. With an outlook for increased volatility in 2015 and 2016 and an uncertain rate environment, investors should understand the opportunities and challenges in Canada’s dividend and fixed income space. Canadian income asset classes, such as dividend paying equities and corporate bonds, are areas where investors may want to look at active management to improve their risk adjusted returns.

Join two of Canada’s leading income experts, Fiona Wilson and Derek Brown, as they discuss the opportunities in the dividend income and bond markets and how they are positioning their own actively managed ETF portfolios for the next 12 months.

  • The risks of indexing for income

  • Why Canada’s income market is not as efficient as equities

  • Managing bonds in low-rate environment

  • Finding sustainable yield

  • The need to look beyond Canada for income exposure

Introductions by:
Matt Hougan, CEO,


The World of ETFs Impacting Your Business
The Expanding ETF Toolbox

Eric Balchunas, Senior ETF Analyst & Fund Product Specialist, Bloomberg


The ETF industry has become the tech sector of the financial world with the number of new ETFs doubling in the last five years. This innovation has produced some useful new products but also a lot of noise and clutter. Join an ETF analyst for a walk through some of the newest ETF gadgets available for investors through a series of short topics.

  • From currency-hedging to interest rate hedging with ETFs

  • Liquid alt ETFs versus hedge funds

  • Actively-managed ETFs are not as bad as you think

  • Are thematic ETFs just a gimmick?

  • Single country ETFs extend investors' reach

  • Smart-beta (or whatever you want to call it) ETFs



3:00 – 3:40

Rise of the ETF Strategist… A Canadian Perspective
Moderated by: Dave Nadig, Director, ETFs, FactSet
Ted Bader, National Sales Manager, National Accounts, SIA Wealth Management
James Breech, President & CEO, Cougar Global

Tyler Mordy, President & co-CIO, HAHN Investment Stewards & Company Inc.

  • Changes to the asset management industry and associated portfolio management architecture

  • ETF analysis and investment strategies

  • Model development



3:40 – 4:00

Networking Break in Exhibit Hall
Sponsored by: Horizons ETFs



4:00 – 4:40

ETF Portfolio Management, A U.S. Perspective
Moderated by: Bobby Eng, Senior Vice President, Head of Sales, FT Portfolios Canada Co.
Sharon French
, President, F-Squarred

Peter Quinn, President, Chief Operating Officer, RiverFront
Bob Smith, CIO, Sage Advisory

Linda Zhang, Ph.D., Sr. Portfolio Manager, Head of Research, Windhaven Investment Management


This powerful interactive session will educate advisors on investment research, model development, ETF analysis and investment strategies designed to meet the needs of the client.



4:40 – 5:30

Keynote Speaker: Rick Ferri, Author, Columnist, Index Fund Expert, Managing Partner and Chief Compliance Officer, Portfolio Solutions®

A Case for Index Fund Portfolios
Introduced by: Mark Noble, Vice President & Head of Sales Strategy, Horizons ETFs Management (Canada) Inc.


The success of index investing in individual asset class categories has been widely documented; however, surprisingly little research is available that compares the performance of diversified portfolios of index funds with portfolios of actively managed funds. The analysis has been hindered by the relatively short length of time index funds have been available in most asset classes and a survivorship bias that existed in most commercially available mutual fund databases. A prudent mutual fund selection strategy is important to an investor's wealth accumulation. Two distinct strategies are compared in this presentation: one that selects low-cost market-tracking index funds exclusively and a second that selects from actively managed funds that attempt to outperform the markets. Using a survivorship-bias-free mutual database, and employing multiple tests of investment strategy, overwhelming evidence is found in support of an all index fund strategy.




Closing Remarks
Pat Bolland,
Media Consultant



5:30 – 6:30

Networking Reception
Sponsored by: PowerShares


Radius and PowerShares invite all attendees to join us for an enjoyable networking reception in the Exhibit Hall with great food and beverages. Remember to bring your business cards!









Breakfast in Exhibit Hall
Sponsored by: RBC ETFs



8:55 – 9:00

Opening Remarks and Master of Ceremony
Pat Bolland, Media Consultant



9:00 – 9:40

The Economics Of Change And Their Impact On Canada
Warren Jestin, Senior Vice-President & Chief Economist, Scotiabank


Warren discusses what commodity prices, the drop in the Canadian dollar and changes in the Bank of Canada interest rate mean for the Canadian economy in the context of a rapidly changing growth environment.



9:40 – 10:30

The Keynote Address: The World is Flat
Matt Hougan
, CEO,
Dave Nadig, Director, ETFs, FactSet


ETFs are an investment technology that has fundamentally changed how people invest. But like all good technologies, the first innovation was just the beginning. In this provocative discussion, Matt Hougan and Dave Nadig explain that while the ETF revolution may be 25 years old, the real innovations are just starting to emerge, and they're going to change the nature of your business in dramatic ways.



10:30 – 10:50

Networking Break in Exhibit Hall
Sponsored by: Vanguard



10:50 – 11:35

TMX Presents: ETF Industry Provider Discussion – Finding Alpha: Are There Opportunities?
Moderated by: Amelia Nedovich, Head, Business Development, ETFs & Structured Products, Toronto Stock Exchange
Cary Blake, Sales Executive, Vanguard Investments Canada Inc.

Trevor Cummings, Head of Business Development, Exchange Traded Funds, RBC Global Asset Management Inc.

Bobby Eng, Senior Vice President, Head of Sales, FT Portfolios Canada Co.



11:35 – 12:15

The Evolving Regulatory Landscape: How ETF Regulation will Impact Your Business… and Clients – Panel Discussion

Moderated by: Pat Bolland, Media Consultant
Paritosh Gambhir
, Partner, Audit, Financial Services, KPMG LLP
Ron Landry, Executive Director, ETF Services, CIBC Mellon
Kevin Rusli, Partner, Blake, Cassels & Graydon LLP

  • Disclosure & Transparency

  • Fees and Expenses

  • Counterparty Risk

  • Securities Lending

  • Conflicts of Interest

  • CRM2

  • Regulatory Outlook

12:15 – 12:55

Robo Advisor: Friend Or Foe?
Mark Yamada, President & CEO, PUR Investing


Robots now perform brain surgery, vacuum the living room, book the family vacation and soon may drive our cars, so why not use a robo-adviser to manage a financial portfolio?

Shaking hands with the advisor. Can they provide a more efficient financial advisory relationship?

  • Why not use a robo-advisor to manage an investment portfolio

  • Characteristics of robo-advisors

  • Differences between US and Canadian robo markets and providers

  • Trends

  • Exploring the threat to advisor businesses, how to combat them and leverage their strengths

Closing Lunch Session – Brought to you by: PowerShares & First Asset ETFs

12:55 – 1:55

Women in ETFs (WE) Presents: The ETF Network: Delivering ETF Strategies to the Customer

Moderated by: Deborah Frame, Co-Head, Canadian Chapter, Women in ETFs

The Interactions among the Product Providers, Index Providers, Traders and Strategists.

An opportunity to hear from Panel Participants (Members of the Global Organization of Women in ETFs)

Sharon French, President, F-Squared

Deborah Fuhr, Managing Partner, ETFGI LLP, Providing Independent Research/Consulting Services on and for the Global ETF/ETP Industry Investors

Oricia Smith, Vice President, Product Research & Development, Invesco Canada

Aye Soe, Senior Director, Global Research & Design, S&P Dow Jones Indices

Linda Zhang, Ph.D., Sr. Portfolio Manager, Head of Research, Windhaven Investment Management

Ling Zhang, ETF Research & Strategy, Financial Products Research, National Bank Financial

  • Index providers role in the development of product-interacting with providers

  • Types of ETF based solutions offered by ETF Strategists available to Advisor Platforms and to Institutions- trade desk interaction

  • Working with trading partners including exchanges & market makers when trades are large- strategist interaction




Closing Remarks
Pat Bolland,
Media Consultant



*Please note that, while every effort will be made to present the program as advertised, speakers, topics and timing are subject to change due to circumstances beyond our control.



Sponsor and Speaking Opportunities and Press Inquiries
If you're interested in sponsorship and speaking opportunities, or if you are a member of the media interested in attending the event please contact:

Sara Kasuji

T: 416.306.0151

General Questions

If you have a general question about the Forum please contact: