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10NewsletterJune 2008Industry DevelopmentGlobal Integration And Growth Of Global MiddleClass During The Next 25 YearsThe 21st century will be “the most religious in human history.”At the CFA Institute 61st Annual Conference,Thomas P.M. Barnett, author of the forthcomingbook Great Powers: America and theWorld After Bush (January 2009), discussedthe dominant trends that will shape the worldduring the next 25 years.In his presentation, Barnett divided the worldinto two groups: those regions that have fullyintegrated and those regions that have not.The former group, which has largely recognizedthe benefits of economic integrationand globalization, includes North America,Europe, Russia, Australia, and parts of SouthAmerica. The latter group − Africa, the MiddleEast, and southeastern Asia − has resistedthe benefits of economic integration andglobalization.According to Barnett, globalization can acton a regional basis to reduce the number ofcountries that have not integrated. For example,China could help Vietnam emerge fromthe gap, whereas Brazil may eventually havea similar impact on countries like Venezuela.Barnett suggests the United States couldserve as a model in this process because itsstates unified out of mutual self-interest topromote commerce and common security.Barnett believes that this integration, with itsown regional variations, will be the dominantdynamic of the next 25 years.Additionally, the shift will serve as a catalystfor interesting, unexpected results. For example,Barnett believes that the 21st centurycould be the most religious in human history.He argues that as residents of newly integratingcountries begin to lose a local culture − aculture that may have been substantiallyunchanged for hundreds of years − theywill need to find a new basis for a code ofbehaviour. According to Barnett, this searchfor spiritual guidance will result in greaterreligious pluralism in which far more choiceswill be available than in the past.Continued on page 12.Upcoming CFA Victoria Programs, Events and NewsWARHOL: Larger Than LifeArt Gallery of Greater VictoriaCFA Victoria – lead sponsorExhibitionMay 30 to August 24,Gallery HoursReception and MixerFriday, July 11, 8:00pmOne of the major artistic innovators of the 20thcentury, Warhol’s fame spread well beyond paintingand printmaking. Filmmaker, sculptor, author,collector, publisher, provocateur, music producer,celebrity—Warhol understood and negotiatedthe ride of fame, a sophisticated arbiter and manipulatorof popular culture and fashion.Warhol: Larger than Life is an expansive project ofover 150 paintings, drawings, prints, sculptures,photographs, archival ephemera and films spanningsome four decades of production. Workingdirectly with The Andy Warhol Museum inPittsburgh, PA, the Winnipeg Art Gallery enjoyedfull access to its considerable collection of art andarchives in organizing this exhibition.CFA Victoria Annual General MeetingMonday June 9, 4:30pmBC Investment ManagementCorporation Boardroom3rd Floor, 2940 Jutland Road, Victoria, BCRSVP: Anna Nemeth @ 356-4098or anna.nemeth@td.comCFA Victoria hosts Lunch withWestport Innovations Corporate PresentationLate June, check CFA Victoria website for detailsSince 1995, Westport Innovations has engagedin the research, development, and marketingof high-performance engines and fuel systemswhich use gaseous fuels such as compressednatural gas (CNG), liquefied natural gas (LNG),hydrogen, and hydrogen-enriched compressednatural gas (HCNG).For more information on Westport Innovations,go to www.westport.comCFA Victoria 12th Annual Golf TournamentFriday July 18Olympic View Golf CourseSee page 6 for further tournament details.Moss St. Paint-InCFA Victoria – lead sponsorJuly 19The Art Gallery of Greater Victoria’s Annual MossStreet Paint-In (a not-for-profit event) featuresinvited professional and emerging artists fromVictoria and Region who demonstrate their artto 30,000 visitors walking Moss Street from FortStreet to Dallas Road. The Paint-In offers visitorsan opportunity to meet and discuss the artists’work and methods and to see an enormous varietyof professional work at one time.CFA Victoria and Polaris Minerals hosta Site Visit to the Orca QuarryCompany sponsored visit to industrial site forCFA Victoria Members and FriendsPort McNeil, BCMid-August, check CFA Victoria website for detailsFor more information on Polaris Minerals or theOrca Quarry, go to www.polarmin.com
NewsletterJune 200811Member ReportWelcome New MembersCFA Victoria is pleased to welcome the followingnew members to our society:CFA Victoria Membership ProfileCFA Victoria now has 80 members and continues to grow. The following is a breakdown of ourmembership by industry and title.Johann L. Kuntze, CFAMinistry of Finance,Treasury BoardJill Michaela Sing, CFAHayes Stewart Little & Co.CFA Charterholder InformationCFA charterholder 87%Non-charterholder 13%Industry ClassificationsBroker dealer, Investment Banking 11%Members on the MoveLandon N. Downsto Macquarie Capital Markets Canada Ltd.landon.downs@gmail.comWould you like to be includedin Members on the Move?It’s important to keep your contact informationup to date and let others knowwhere they can reach you.Please let us know if you’re changingjobs or making any other move. Sendyour information to Gordon.Walker@RBC.com with “Members on the Move” in thesubject line.Commercial/Retail Banking, Bank Trust Departments 8%Corporate, Public Sponsor & Foundation/Endowment 2%Insurance Company 2%Investment Company/Mutual Fund 23%Investment Management Consulting 20%Other businesses incl. government, academic, misc. 35%Titles & OccupationsAnalyst, Equity & Fixed Income 3%Analyst, Other 5%CEO, Chairman, Partner, Principal 5%Chief Investment Officer 4%Investment Banker 2%Investment Counsellor 14%Investment Firm Manager 3%Portfolio Manager 21%Sales/Marketing 7%Securities Trader 4%Other 33%
Page 1 and 2: NewsletterJune 2008Inside:Editor’
Page 3 and 4: President’s LetterAnna Nemeth, CI
Page 5 and 6: Investment ThemeThis is Your Brain
Page 7 and 8: Investment Theme“This is Your Bra
Page 9: NewsletterJune 20089“Unobserved I

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