Briefly:

But, says the report, base metal prices have rallied in late July, because of positive news about China’s GDP growth. The Forest Product Index jumped from 96.2% to 100.3% from May to June, as prices for lumber and oriented strand board offset weakness in newsprint, pulp and linerboard prices. Another report — the PricewaterhouseCoopers’ Global […]

By Staff | July 26, 2007 | Last updated on July 26, 2007
3 min read

The Forest Product Index jumped from 96.2% to 100.3% from May to June, as prices for lumber and oriented strand board offset weakness in newsprint, pulp and linerboard prices.

Another report — the PricewaterhouseCoopers’ Global Forest, Paper and Packing Survey — found that emerging markets outperformed North American and European markets. The top producers in terms of return on capital employed were Latin America at 9.3%, China at 6.5% and South Africa with 5.5%. Canada’s producers had the lowest ROCE at 2%.

Overall the entire sector improved from 4.9% in 2005 to 5.1% last year.

• • •

frontierAlt, Caldwell expand partnership

(July 26, 2007) Alternative investment firm frontierAlt Funds Management announced Thursday that it was extending its partnership with Caldwell Investment Capital.

The two companies recently launched the frontierAlt Resource Capital Class Fund, which was created for investors who want to achieve long-term capital appreciation by investing in Canadian resource issuers.

The fund was established to facilitate a rollover of assets from frontierAlt’s 2005 mining flow-through limited partnership. Existing unit holders will get shares of the new fund without triggering capital gains taxes on the units when they’re transferred.

Franklin Templeton launches new U.S. Fund

• • •

(July 26, 2007) Franklin Templeton announced Thursday that it was launching the U.S. Core Equity Fund, a new fund that will give investors another opportunity to invest in the States.

“This fund will offer investors a compelling balance between growth potential and low risk in large cap U.S. stocks,” says Don Reed, president and CEO of Franklin Templeton Investments.

Ed Perks and Steven Kornfield, both experienced Franklin managers, will head up the fund, which will be a concentrated portfolio. The fund will be launched August 1.

Franklin Templeton also announced the launch of a new Quotential Global Balanced Portfolio, which will also hit the market on August 1.

“The new portfolio is an ideal all-in-one solution for investors seeking a balanced approach to global diversification,” said Brent Smith, senior vice president and chief investment officer of Fiduciary Trust Company of Canada.

• • •

Jovian Capital introduces new deposit notes

(July 26, 2007) On Thursday, Jovian Capital Corporation announced that it was launching a new series of deposit notes.

The CIBC Gartman Global Allocation Deposit Notes, Series 2, is linked to the Gartman index, a proprietary index that offers long, short or neutral exposure in a variety of ratings to any combination of 24 underlying equity, commodity, bond and currency sub-indices, as selected by Dennis Gartman on a monthly basis.

“After the success of the first series, we are delighted to be collaborating once again with CIBC and Dennis Gartman on Series 2 of the Notes,” says Raj Lala, managing partner of JovFunds, a Jovian subsidiary. “We are very pleased to offer this series of notes as the first investment product that Mr. Gartman has attached his name to.”

The principal on the new notes is fully protected by CIBC if it’s held to maturity. Maturity. The new offering will be available until September 7, and matures in five years and eight months.

(07/26/07)

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.

But, says the report, base metal prices have rallied in late July, because of positive news about China’s GDP growth.

The Forest Product Index jumped from 96.2% to 100.3% from May to June, as prices for lumber and oriented strand board offset weakness in newsprint, pulp and linerboard prices.

Another report — the PricewaterhouseCoopers’ Global Forest, Paper and Packing Survey — found that emerging markets outperformed North American and European markets. The top producers in terms of return on capital employed were Latin America at 9.3%, China at 6.5% and South Africa with 5.5%. Canada’s producers had the lowest ROCE at 2%.

Overall the entire sector improved from 4.9% in 2005 to 5.1% last year.

• • •

frontierAlt, Caldwell expand partnership

(July 26, 2007) Alternative investment firm frontierAlt Funds Management announced Thursday that it was extending its partnership with Caldwell Investment Capital.

The two companies recently launched the frontierAlt Resource Capital Class Fund, which was created for investors who want to achieve long-term capital appreciation by investing in Canadian resource issuers.

The fund was established to facilitate a rollover of assets from frontierAlt’s 2005 mining flow-through limited partnership. Existing unit holders will get shares of the new fund without triggering capital gains taxes on the units when they’re transferred.

Franklin Templeton launches new U.S. Fund

• • •

(July 26, 2007) Franklin Templeton announced Thursday that it was launching the U.S. Core Equity Fund, a new fund that will give investors another opportunity to invest in the States.

“This fund will offer investors a compelling balance between growth potential and low risk in large cap U.S. stocks,” says Don Reed, president and CEO of Franklin Templeton Investments.

Ed Perks and Steven Kornfield, both experienced Franklin managers, will head up the fund, which will be a concentrated portfolio. The fund will be launched August 1.

Franklin Templeton also announced the launch of a new Quotential Global Balanced Portfolio, which will also hit the market on August 1.

“The new portfolio is an ideal all-in-one solution for investors seeking a balanced approach to global diversification,” said Brent Smith, senior vice president and chief investment officer of Fiduciary Trust Company of Canada.

• • •

Jovian Capital introduces new deposit notes

(July 26, 2007) On Thursday, Jovian Capital Corporation announced that it was launching a new series of deposit notes.

The CIBC Gartman Global Allocation Deposit Notes, Series 2, is linked to the Gartman index, a proprietary index that offers long, short or neutral exposure in a variety of ratings to any combination of 24 underlying equity, commodity, bond and currency sub-indices, as selected by Dennis Gartman on a monthly basis.

“After the success of the first series, we are delighted to be collaborating once again with CIBC and Dennis Gartman on Series 2 of the Notes,” says Raj Lala, managing partner of JovFunds, a Jovian subsidiary. “We are very pleased to offer this series of notes as the first investment product that Mr. Gartman has attached his name to.”

The principal on the new notes is fully protected by CIBC if it’s held to maturity. Maturity. The new offering will be available until September 7, and matures in five years and eight months.

(07/26/07)