TORONTO, 26th of May 2016 – The exceptional insight and writing talents of three Canadian financial print journalists have garnered Morningstar’s Rudy Luukko and the Globe and Mail’s Rob Carrick and Ian McGugan the top three prizes of the 2016 PMAC Award for Excellence in Investment Journalism, presented by Canada’s influential non-profit industry association, the Portfolio Management Association of Canada (PMAC).
In a year dominated by extensive news coverage on falling oil prices, market downturns and slower-than-expected economic growth, these journalists stood out with their work on highly topical issues, written in a very informative and readable style for the everyday investor.
The issues covered by these journalists, Robot Advice and Closet Indexing, are all issues that BETTER FINANCE has been following closely. BETTER FINANCE has been putting pressure on the European Securities and Markets Authority (ESMA) to reveal the names of Closet Index Funds across Europe and also published a report on Robot Advice.
The First Prize goes to the Morningstar editor Rudy Luukko for his very well written three-part series on online advisors: Algorithms versus advisors? The service gap will narrow.
The winner of the Second Prize is the personal finance editor Rob Carrick of the Globe and Mail, for his well-researched article Low-fee robo-advisers are relatively new but fill a gap in the market. Here’s what you need to know.
And finally the Third Prize is awarded to the Globe and Mail investment columnist Ian McGugan, for his compelling two stories on “closet indexing”: Revealing the closet indexers among Canada's mutual funds.
Please read the full article here.