The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
Jun 17, 2026
· 6 min read
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When expected returns became minimum acceptable returns
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Article Excerpt
OPINION
When expected returns became minimum acceptable returns
KEVIN FOLEY
SPECIAL TO THE GLOBE AND MAIL
PUBLISHED 46 MINUTES AGO
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When was it that we stopped asking what a prudent portfolio looks like and started telling it what return it should produce?
The thought crystalized after a recent meeting with a large Canadian family office.
I was there to discuss fixed-income opportunities with expected returns in the 6-per-cent and 7-per-cent range. Before we even started, the head of the investment committee stated: “We don’t really look at any investments with …
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Jun 17, 2026