On the Money with Dynamic

Market volatility has risen, commodities are driving inflation expectations and fixed income is adjusting in real time. Roger Rouleau joins Michael Hainsworth on the podcast to discuss the current state of fixed income and the new playbook to successfully manage the asset class going forward.

As companies stay private longer and entire industries grow outside of stock exchanges, public markets are a shrinking slice of the global investment opportunity set. Byron Monaghan joins Michael Hainsworth to discuss why private assets are becoming an increasingly important way to access growth, income and diversification.

Retirement risk is no longer just about saving enough. It’s about income sustainability in a world where people are living longer and costs keep rising. Daryl Diamond and Craig Maddock join the podcast to discuss portfolio longevity and income sustainability even during times of increased market volatility.

Energy geopolitics is back on front page news, and oil supply is being called into question. Portfolio Manager Jennifer Stevenson joins host Michael Hainsworth to discuss the current state of the energy sector and potential opportunities.

Canadian banks may no longer be about stock price growth, but they offer durability, discipline and dividends through times of uncertainty. Portfolio Manager Nick Stogdill joins host Michael Hainsworth to discuss opportunities in the Canadian banking sector.

Markets have priced-in a future where A.I. transforms productivity and profits. Senior Portfolio Manager Tom Dicker joins the podcast to discuss opportunities in the current market environment and how to protect capital.

While U.S. equities hog the limelight, Portfolio Managers Don Simpson and Eric Mencke join Host Michael Hainsworth to discuss why Canada still makes sense in a long-term investment portfolio.

With 2025 coming to an end and the new year just around the corner, Chief Investment Strategist Myles Zyblock joins Host Michael Hainsworth to unpack the winners and losers of 2025, and what 2026 has in store.

While recent inflationary pressures have eased, the need to preserve purchasing power in retirement has not. In this episode, Host Michael Hainsworth is joined by Chief Retirement Income Specialist Daryl Diamond to discuss inflation resilient retirement income.

With U.S. equities becoming increasingly concentrated in mega cap names, there is an opportunity abroad. However, it’s not just about diversifying one’s portfolio—join Host Michael Hainsworth and Portfolio Manager Peter Rozenberg as they discuss the opportunity and risks of international investing.

With the low interest rate and yield environment—40 years in the making—likely behind us, bond markets and investment considerations have shifted. Join host Michael Hainsworth and Senior Portfolio Manager Romas Budd as they unpack the evolving fixed income market and the need to recalibrate your approach to bond investing.

With stubborn inflation, growing deficits and ongoing uncertainty, gold is at new all-time highs, begging the question if gold is a relic or an insurance policy. In this episode, Michael Hainsworth, Robert Cohen and Emily Griffiths unpack the often-misunderstood world of gold and the companies that pull it out of the ground.

Canada launched the world’s first ETF over 30 years ago, sparking a debate that still rages today: active vs. passive investing. With heavyweight A.I. and tech-related stocks making up a large chunk of the market, indexes might not be as diverse as before. In this episode, Michael Hainsworth, Alan Green and Clare Gray unpack the state of passive ETFs in the current market environment and discuss the hidden risks in indexing and how an active approach can help.

What happens to the markets if artificial intelligence doesn’t live up to the hype? Host Michael Hainsworth explores the potential fallout with Portfolio Manager Ryan Nicholl, warns that while capital spending is booming, returns are still lagging. Plus, Michael shares a compelling lesson on compound interest—why starting early can quietly build a powerful financial future.

Is stagflation the new recession? Join Michael Hainsworth as he explores if there is a rising threat of a stagnant economy paired with persistent inflation — a double punch to investor portfolios. Featuring Myles Zyblock, Chief Investment Strategist at Dynamic, this episode dives into how market sentiment shapes strategy and how investors are navigating an environment where traditional playbooks may no longer apply.

Vice President and Head of ETFs, Alan Green is joined by Executive Director, The Canadian ETF Association, Eli Yufest and Head of Dynamic Funds, Mark Brisley, to discuss the recent industry ETF Exchange Conferences and the key emerging themes. They discuss the evolving landscape of ETFs, including the growing momentum of actively managed ETFs and the shifting focus from passive to active strategies. With the ETF industry surpassing $10 trillion in assets, these industry leaders provide insights on the future of ETFs and the opportunities ahead!

Vice President & Senior Portfolio Manager, Derek Amery sits down with Vice President & Portfolio Manager, Domenic Bellissimo and Portfolio Manager, Rose Devli to unpack the uncertainty looming over consumer spending, corporate capital expenditures, and the potential for a slowdown or recession. They examine how these factors intertwine with tariffs and the implications as bond yields rallying and risk assets selling off, they provide insights and strategies to help you navigate this complex landscape of fluctuating policies and geopolitical tensions.

Vice President & Portfolio Manager Jennifer Stevenson and Associate Portfolio Manager, Scott Reid explore the recent volatility in the oil market driven by geopolitical tensions and supply-demand imbalances and discuss the potential impacts of the Trump administration’s policy agenda and tariffs. They also see a positive outlook for natural gas, driven by growing liquefied natural gas demand, and the impact of reshoring and industrial growth on energy needs.

Vice President & Portfolio Manager, Robert Cohen shares his perspective on the remarkable strength of gold amid global economic challenges, including poor monetary and fiscal policies and soaring debt levels. He discusses the current tariff landscape and its anticipated resolution, as well as how ongoing inflationary policies in Canada and the U.S. bolster the case for gold investment.

Portfolio Manager, Nick Stogdill delves into the resilient performance of the financial sector over the past few years, and the how he see’s banks navigating a period of potential tariff and trade risk, as well as other segments of the sector indirectly affected.

Vice President & Senior Portfolio Manager Tom Dicker and Vice President & Portfolio Manager Jeremy Lucas unpack the current North American credit markets, tackling pressing questions about inflation and recession. They discuss how strong corporate fundamentals and tight credit valuations are shaping investment opportunities.

Vice President & Senior Portfolio Manager’s Tom Dicker and Jason Gibbs in conversation with Vice President & Portfolio Manager Ryan Nicholl, explore the 2025 market landscape and implications of a tech-driven bull market. They highlight unique opportunities in undervalued defensive sectors like healthcare and consumer staples.

Vice President of ETF Distribution Peter Tomiuk and Vice President and Head of ETFs, Alan Green dive into why ETF markets in both Canada and the U.S. surged to new heights with record inflows in 2024, and also speculate on potential trends for 2025. They discuss the investment landscape that set up 2024’s unprecedented boom and dig into the current environment in an attempt to determine what that means for the year ahead in the ETF industry, and what opportunities that may present for investors.

Myles Zyblock, Chief Investment Strategist explores the implications of the Trump 2.0 administration in the year ahead. Amid cautious optimism around pro-growth policies, lower interest rates, potential deregulation in the U.S., and uncertainties around trade policies, Myles reviews the economic growth trends of 2024 and forecasts for 2025. He highlights the promise of positive growth and receding inflation while acknowledging the potential volatility tied to upcoming tariff announcements.

Vice President and Head of ETFs, Alan Green and Vice President of ETF Distribution, Peter Tomiuk are joined by Chris Pitts, Partner, Asset & Wealth Management at PwC to discuss the momentum in Canadian and Global ETF flows. Chris present’s findings from PwC's recent decade-long ETF survey publication, focusing on key trends such as the innovations in thematic offerings, how the influence of technological advancements are enhancing investor engagement, and also provides predictions of continued robust growth for ETFs in Canada.

Vice President & Senior Portfolio Manager Damian Hoang and Portfolio Manager Derek Bastien walk you through the various covered options ETF strategies available. Beginning with the basics in understanding covered call writing and cash-secured put writing they highlight the key differences and benefits between the strategies to help investors select the best “option” for their portfolio.

In this episode, Mark Brisley, Managing Director & Head of Dynamic Funds and Jean-François Perrault, Senior Vice-President & Chief Economist at Scotiabank, explore the effects of the U.S. election outcome on the Canadian economy amid the recent stock market rally and the implications for Canadian investors in light of the shifting U.S. policies to come. As investors anticipate tax cuts and deregulation to drive growth, we discuss how a second Trump administration might impact Canada, particularly regarding trade, immigration, and energy.

Chief Retirement Income Strategist Daryl Diamond and Vice President, Portfolio Solutions David De Pastena are joined by Rebekah Young, Vice President, Head of Inclusion and Resilience Economics to discuss the challenges facing Canadians as they underestimate life expectancy and unplanned health-related costs looming in their senior years. Daryl and Rebekah emphasize the importance of proactive discussions considering financial security and health-related issues for a more informed approach when planning their retirement.

Dans cet épisode, Éric Hallé, Vice-président régional, est du Canada, reçoit Roger Rouleau, vice-président et gestionnaire de portefeuille, pour examiner les avantages d’investir dans les obligations à escompte. Cet épisode a pour objectif d’aider les détenteurs de titres à revenu fixe à comprendre les importants changements survenus sur le marché obligataire et à trouver des stratégies pour conserver une plus grande part de leurs revenus. M. Rouleau explique les occasions qui s’offrent aux porteurs d’obligations et la manière dont la gestion active d’obligations à escompte peut être fiscalement avantageuse pour les investisseurs canadiens.

Head of National Accounts, Lloyd Perruzza is joined by Roger Rouleau, Vice President and Portfolio Manager to explore the benefits of discounted bonds. This episode is designed to help fixed-income investors grasp the significant changes in the bond market and learn strategies to retain more of their earnings. Roger shares his perspective on the opportunities for bond investors and how actively managed discounted bonds can offer potential tax benefits for Canadian investors.

Vice President & Senior Portfolio Manager Romas Budd sits down with Vice President & Senior Portfolio Manager Derek Amery to discuss the recent move by the US Federal Reserve to cut interest rates by half a percentage point, kicking off what could be a steady period of easing in the US.

Dynamic’s Head of National Accounts, Lloyd Perruzza sits down with Professor Martijn Cremers, Dean of Notre Dame’s Mendoza College of Business, and acclaimed researcher in the field of money management, to discuss the findings of a new groundbreaking study that challenges conventional wisdom about bond investing. Professor Cremers highlights the challenges encountered by asset managers in passive index creation & replication, which has often led to significant negative deviations from their benchmarks & many active competitors. He also illustrates the material concerns related to "passive" bond management and sheds light on the concept of ‘positive performance persistence’, which helps explain how funds with high active share and historically proven capabilities are more likely to exhibit strong future performance.

Vice President and Head of ETFs, Alan Green, is once again joined by Vice President of ETF Distribution, Peter Tomiuk, to discuss what has happened in the world of ETFs – from flows, the outlook, upcoming products, to the adoption and use of multi-asset, active and income-generating ETFs.

David Portal, Vice President, Systemized Solutions, is joined by Devin Kropp, Editor at Horsesmouth, Co-creator of the Savvy Cybersecurity Training Program, and Co-author of Hack-Proof Your Life Now! The New Cybersecurity Rules, to discuss how individuals and small businesses can stay safe online. Devin explains what cybersecurity is, what to be aware of, how to protect yourself, available resources, costs, what to do if you’re a victim and more.

Chief Retirement Income Strategist Daryl Diamond and Vice President, Portfolio Solutions David De Pastena are joined by Marc-André Gaudreau, Head of the Specialized Credit team to explores critical challenges retirees face with bond income, volatility, and fluctuating rates. Marc-André explains how active fixed income management can outperform passive strategies, and why bonds may offer higher yields to support retirement income. Daryl digs into the trade-offs between the guarantees of GICs and the income potential of bonds over the long term.

Vice-President & Portfolio Manager Tom Dicker sits down with Vice President & Portfolio Manager, Maria Benavente to discuss how investors have been cautious about investing in real estate in recent years with the bombardment of negative headlines. Maria speaks to the pivot in the sector and how a real estate ETF creates an attractive entry point for long-term investors.

Ellen Bessner, Ellen Bessner, Financial Industry Litigator and author, explains why investors should understand the importance of appointing a Trusted Contact Person (TCP). She provides practical guidance on how a TCP can work with an advisor to help reach an elderly client, navigate tricky personal situations and provide insights into health concerns if they arise.

Eric Souders, Portfolio Manager and Director at Payden & Rygel Investment Management, joins Dynamic’s Head of National Accounts, Lloyd Perruzza, to discuss the seismic shifts that are occurring in the world of currencies. Whether you have investments impacted by foreign currencies or you’re wondering how this will affect your day-to-day finances, this conversation can help you sort out where different currencies are and where they might be headed.

Vice President of ETF Distribution, Peter Tomiuk, and Vice President and Head of ETFs, Alan Green are joined by special guest Alex Perel, Director, Head ETF Services at Scotiabank. They discuss the vital role market makers play in ensuring liquidity and fair pricing, the impact of technology on trading efficiency, and strategies for optimizing your ETF investments.

Regional Vice President, Mark Witte, is joined by best-selling author, Founder and President of the Knowledge Bureau, Evelyn Jacks. Through critical conversation, they review the new tax landscape introduced with the recent federal budget and what it means for investors and small business corporations. Topics covered include the new capital gains inclusion rate, changes for real estate owners and what taxpayers can do to preserve wealth.

Vice President of ETF Distribution, Peter Tomiuk, and Vice President and Head of ETFs, Alan Green are joined by special guest Graham MacKenzie, Managing Director for Exchange Traded Products at TMX Group. Through engaging conversations, they provide valuable insights into the functions of the Toronto Stock Exchange (TSX) and the strategies driving ETF growth and solutions for Canadian investors.

Chief Retirement Income Strategist Daryl Diamond is joined by Oscar Belaiche, Senior Vice President & Portfolio Manager, for an in-depth conversation offering invaluable strategies for constructing portfolios that generate sustainable yield. Oscar shares his approach to selecting quality investments with consistent dividends, beyond traditional equities, while Daryl emphasizes critical tax-efficient income strategies and key criteria for selecting fund managers.

Vice President & Portfolio Manager, Tom Dicker in conversation with Vice President & Portfolio Manager Ryan Nicholl takes you around the world highlighting the regions and sectors where he is finding the best opportunities in today’s market environment to invest in quality defensive businesses.

A conversation with VP & Head of Research for Dynamic Funds, Dan Yungblut, which delves into the recent surge in investor demand for GICs, high-interest savings accounts and other cash like products. Surface the limitations, risks and challenges of cash as a long-term solution when compared to a portfolio of bonds. Further, discover why active fixed-income management is critical to healthier portfolio construction and your long-term financial goals when compared to passive investing.

Chief Retirement Income Strategist, Daryl Diamond and Vice President, Portfolio Solutions David De Pastena discuss the importance of tax-efficient income streams and strategies to preserve capital to ensure sustainable after-tax cash flow. They examine the different income types, taxation nuances, and smart asset allocation across diverse accounts to optimize tax-efficient investment choices for retirees.

Vice President & Portfolio Manager, Tom Dicker in conversation with Vice President & Portfolio Manager, Jeremy Lucas explore a broad range of topics in credit and issues facing investors today. Jeremy highlights the risks and opportunities in credit markets and provides insights into Dynamic’s Specialized Credit Team’s investment process.

Vice President of ETF Distribution, Peter Tomiuk, and Vice President and Head of ETFs, Alan Green, delve into the dynamic realm of exchange-traded funds. In this episode, they are joined by special guest Bloomberg Intelligence analyst, Eric Balchunas. Together, they examine the complexities of active versus passive ETF investing, the U.S. ETF landscape and discuss the intriguing world of Bitcoin ETFs. Tune in for valuable perspectives on the ever-evolving ETF market.