On The Shelf:

(May 12, 2008) RBC has launched two new fund-linked GICs, with returns based on those of the RBC Canadian Dividend Fund and the RBC O’Shaughnessy International Equity Fund.

“These new GICs are part of our ongoing commitment to provide investors with choices and solutions to help them achieve their goals,” said Max Thompson, head, GICs and Savings, RBC. “By providing principal protection and growth in one simple solution, fund-linked GICs offer investors the best of both worlds — the security of a GIC and the growth potential associated with equity markets.”

The fund-linked GICs carry a five-year term, are eligible for Canada Deposit Insurance Corporation (CDIC) and are available for non-registered portfolios.

Horizons fund seeks approval for commodities

(May 12, 2008) Horizons Funds has announced it will hold a special meeting for unitholders of the Horizons Global Contrarian Fund to consider broadening the investment objectives of the fund and permit the fund to invest in commodities.

“The fund’s advisor has extensive knowledge and experience in the investment of commodities, and we feel that it is in the best interests of the unitholders for us to take advantage of this expertise,” said Adam Felesky, CEO of Horizons Funds Inc. “This will expand the opportunities the fund has and allow for further diversification of investment opportunities available to investors.”

The meeting will be held June 5, 2008, for investors of record on May 1, 2008.

(05/12/08)

Staff

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