Wrayzor said

I think you'll have to go through the FI's websites to find that. Here is the link to one of BMO's series (matured). It doesn't look good. The unmatured series look better, but mostly because of timing.

https://www.bmo.com/main/perso.....ssive-gic/

The "guaranteed" part of them is usually a small fraction of what a traditional GIC provides.  

Understanding that only 5-10% is Market Based, I've been suspecting very low total return vs the sizeable upside most offer as possibilities. This BMO snap shot kinda confirms it. I was hoping there was a 3rd party view of all market based GIC's ...

Thanks for the link ...

cgouimet said

They are being billed as GIC's with so much more upside potential. I'm just curious how much upside they have actually delivered ...  

I think you'll have to go through the FI's websites to find that. Here is the link to one of BMO's series (matured). It doesn't look good. The unmatured series look better, but mostly because of timing.

https://www.bmo.com/main/perso.....ssive-gic/

The "guaranteed" part of them is usually a small fraction of what a traditional GIC provides.

mordko said

It's a fundamentally different engineered product sharing the name for marketing purposes. I don’t think comparing returns is reasonable in this context.  

I do understand that very well.

They are being billed as GIC's with so much more upside potential. I'm just curious how much upside they have actually delivered ...

zgic said

How does one invest in it? Will it be an ETF?

As Norman said in Post #3, Canada's new 'Canada Strong Fund' is so far missing a lot of it's Meat & Bones.

What's curious though is that it's being billed as a 'Sovereign Wealth Fund' (like Norway's very famous & successful sovereign wealth fund, and Alberta's sovereign wealth fund), but it doesn't appear that Ottawa will be following either of those templates.

Another concern is that unlike true sovereign wealth funds, this Canada Strong Fund is going to be initially funded by yet More Government Debt
... to the tune of $25-Billion Dollars !

More Food For Thought ➡️ https://www.cbc.ca/news/canada.....-9.7184255

On the surface, this new Canada Strong Fund initially sounds like a Great Idea, but until we see all Meat & Bones of it, it's probably best to hold-back on any judgments (pro, or con) for now.

My Two Centavos,

Dean

cgouimet said

That's what it looks like to me too.

Is there data comparing historical market based GIC's vs GIC's?  

It's a fundamentally different engineered product sharing the name for marketing purposes. I don’t think comparing returns is reasonable in this context.

mordko said
Reads like an ad for a market linked GIC. Small print to come.  

That's what it looks like to me too.

Is there data comparing historical market based GIC's vs GIC's?

A Simple Way for Canadians to also Directly Participate

… The government intends to offer Canadians the opportunity to participate directly in the Fund through a new, retail investment product.

This means that any Canadian who wishes to can invest some of their savings into the Canada Strong Fund.

The government intends to consult on the specific design of this product, but Canadians can expect the following features:

• Broadly accessible to Canadians from coast to coast to coast;
• Easy and simple to purchase, hold, and transact;
• As the Canada Strong Fund succeeds, investors will be able to share in the upside, while their initial invested capital will be protected.

…

Dean said
.
'Maybe' ➡️ https://www.bnnbloomberg.ca/in.....e-jackson/

Time will tell . . .
Dean  

How does one invest in it? Will it be an ETF?

Time will tell . . .

Dean

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But he said there’s an opportunity for bank brokerages to retain clients and build relationships as demand for human advisers grows, especially among affluent self-directed investors.

The survey shows nearly half of affluent DIY investors with $250,000 or more in assets say they plan to work with an adviser within the next year.

If someone really feels they need an advisor, they should stay far away from anyone affiliated with a bank. Knowledgeable independents with fiduciary duty like PWL would be better by miles.

Ten years ago we'd never have believed it, but now . . .❗

Dean