Thank You

Thank You for Your Interest! We will getting back to you soon!

Paul Ferrara, CIM® Wealth Counsellor, Client Relationship Manager Paul has a CIM® (Chartered Investment Manager) designation and his primary role is to look after client relationships so that they get…

Nida Bashir

Nida BashirSenior Administrative Associate Nida specializes in client support. She works seamlessly with all of Avenue’s portfolio managers to address client inquiries, technical support, and has expert knowledge of NBIN’s…

What is a fiduciary duty & why does it matter to investors?

Trust, transparency and financial expertise are just a few important qualities an investor should look for when searching for the right individual to manage their wealth. In today’s marketplace, there is a significant difference among financial professionals that many investors are not aware of. There are those who have a fiduciary responsibility and those who do not.

The Outlook for 2021- Draft

The Outlook for 2021 In the first episode of 2021, Bill Harris and Bryden Teich discuss Avenue’s outlook for the year ahead. Throughout their conversation they highlight the dilemma…

The Outlook for 2021

In the first episode of 2021, Bill Harris and Bryden Teich discuss Avenue’s outlook for the year ahead. Throughout their conversation they highlight the dilemma that investors continue to face in a low interest rate world. Bryden touches on the persistent role that Central Banks are playing with their continued market intervention, while Bill highlights the type of investments that are included in the Avenue portfolio.

2020 in Newspaper Headlines

In reviewing our newspaper collection of the past year, we wanted to share a few front-page headlines that have stood out to us. These pages illustrate a story of the global stock market in 2020: beginning, middle, and end.

March 2020 Note to Clients

Given what last year brought to investors, we thought it would be worthwhile to highlight the note that we sent out to clients at the depths of the financial panic last March. Although it did not feel good at the time, we knew that the market environment in March was presenting us a great opportunity.

Q4 2020 Letter

If you had the good fortune last January to take a year-long sabbatical in the South Pacific, cutting yourself off from the world, you would be arriving back on an empty flight, landing into quarantine and economic lockdown. After checking in with your family and friends about their health, you might be emailing or calling Avenue to see how bad a global pandemic is for your investment returns.

A Case Study On: The Return of Inflation

After a forty-year bond market rally from a high of 18% in 1982 to the current 0.70% low today, we struggle to get excited about bonds in the short or medium term.

Bill Harris on Market Call – December 15, 2020

Bryden Teich on Market Call – December 7, 2020

November Market Update

Matt Manara and Bryden Teich discuss the busy month of November for the markets and summarize how the 2020 election result and recent positive vaccine news are impacting different asset classes including stocks, bonds, and gold.

The economy is doing so poorly, so why are financial markets going up?

Over the course of 2020, the global economy has been forced to move through the throes of the COVID-19 pandemic. Combined with fears of a contested U.S. presidential election, social justice unrest worldwide and a new work-from-home environment, investor behaviour and the economy at large has been impacted in more ways than one.

Bryden Teich on The Open – October 27, 2020

The Bond Market View on Government Debt

In this episode Bryden Teich and Paul Gardner discuss the significant amount of government debt that has been issued thus far in 2020 and what the bond market is telling investors.

Q3 2020 Letter

This pandemic period we are living through has been described as The Great Distortion for financial markets. Central banks are intervening to support the bond market and Government spending is injecting enormous amounts of money into the economy with much of it finding its way into the stock market. We know we must own stocks now more than ever to protect our wealth, given the fragility of the financial system built on too much debt.

A Case Study On: The Valuation on Apple’s Stock

An examination of the valuation of Apple’s shares is an excellent way to demonstrate the extreme divergence that has taken place in the stock market in the last six months. Not much has changed in the underlying profitability of Apple. What has changed is that investors are willing to pay a mania-type multiple not seen since the 2000 dotcom bubble.

People- Draft

Our People.We left the big firms so we could do investing our way. For us, that means taking the time to understand the unique circumstances of our clients and being…

Eric Leuty

Eric Leuty AssociateEric plays a pivotal role at Avenue, ensuring that trading activities and daily operations run seamlessly. He is responsible for overseeing and continuously navigating the labyrinth of today's…

Bryden Teich, CFA®

Bryden Teich, CFA®Partner & Portfolio Manager Bryden is a CFA® charterholder and a member of Avenue’s investment committee. Bryden has portfolio management responsibly for both the equity and bond portfolios.…

Bill Harris, CFA®

Bill Harris, CFA® Partner & Portfolio ManagerBill is a CFA® charterholder and a member of Avenue’s investment committee. Bill is Avenue’s lead equity portfolio manager, working to find the next…

Bryden Teich on Market Call – September 8, 2020

Bill Harris on Market Call – August 28, 2020

Strategy

Stable "Quality" Investing. Our core investment strategy is designed to compound your wealth over the long term. Avenue believes that predictable “quality” investments are the safest route. This gives us…

Matt Manara, CIM®

Matt Manara, CIM ®Partner & Portfolio ManagerMatt has a CIM® (Chartered Investment Manager) designation and commerce background. He is the first point of contact for clients interested in working with…

Paul Gardner, CFA®

Paul Gardner, CFA®Partner & Portfolio ManagerPaul is a CFA® charterholder and a member of Avenue’s investment committee. Paul is Avenue’s lead bond portfolio manager, specializing in corporate credit analysis. He…

Second Quarter Recap

In this episode, Bill Harris and Bryden Teich discuss the Avenue Q2 2020 Quarterly Letter and some of the things investors should be thinking about for the second half of 2020.

Bryden Teich on The Open – July 13, 2020

A Case Study On: Devaluation

The level of US Government debt was an issue before this recent crisis. Now we believe excess debt will come to define financial markets in the coming years.

Q2 2020 Letter

In this quarter’s letter we would like to give our assessment of the many contradictions of financial orthodoxy in which we now find ourselves. The economy is in terrible shape and yet the stock market has had a strong rebound from the March 23rd low.

The Federal Reserve & Real Yields

In Episode 9, Bryden Teich and Matt Manara discuss news from the recent Federal Reserve meeting and the concept of yield curve control. They highlight previous examples of yield curve control and the impact it had on real interest rates and asset prices.

What’s Driving the Stock Market?

Bryden Teich and Bill Harris discuss the partial recovery in the stock market during May and what has been driving the recent moves. They also discuss why the stock market and the underlying economy have diverged and highlight some of the fiscal and monetary policy responses that are causing this divergence. They also discuss the debate between Value vs. Growth investing in light of the current market environment.

Bill Harris on The Close – May 15, 2020

Bryden Teich on The Close – May 4, 2020

Assessing the Bond Market

In Episode 7, Paul Gardner and Bryden Teich give an updated assessment of fixed income markets in April 2020. They talk about the impact that bond ETF’s had during the selloff in March and highlight a few areas where they are finding value in the corporate bond market.