Industry

Beginning the succession discussion

After helping clients with their financial, estate and retirement planning, advisors often have a strong relationship with their clients. That puts us in a unique position to discuss succession planning with those clients who are also business owners. In many cases, we’ve already implemented plans or products to protect their assets and the value of […]

By David Wm. Brown |August 5, 2010

3 min read

Fund sales fall in July

Canadians proved to be a skittish bunch of investors in July, pulling up to $440 million out of mutual funds, according to early data compiled by the Investment Funds Institute of Canada. That estimate is the worst case scenario — IFIC allows that net sales of mutual funds may have been slightly positive, but anticipates […]

By Steven Lamb |August 5, 2010

2 min read

Briefly:

Mackenzie Financial has called unitholder meeting to consider the fate of the Mackenzie Saxon U.S. Small Cap Fund and Mackenzie Saxon Global Small Cap Fund. Investors in the two funds will be asked to vote on a proposal to terminate the funds, subject to a recommendation to proceed from the Independent Review Committee (IRC) of […]

By Staff |August 5, 2010

2 min read

Active managers struggled in Q2

The second quarter marked a rough patch for active investment managers, as European sovereign debt woes spawned wide-spread volatility in both the fixed income and equity markets. Among large cap Canadian equity managers, only 37% beat the S&P/TSX Composite Index, according to the latest Russell Active Manager Report. That’s a precipitous drop from the 75% […]

By Steven Lamb |August 5, 2010

3 min read