Industry

Decorative pattern

Pension reform must promote choice, education

The current discussion of pension reform has a certain historic echo. Similar to the debate around Medicare in the 1960s, the future of Canada’s retirement income system is garnering attention as an issue of national importance. Like Medicare, which addressed the health care needs of Canadians, the growing focus on pension reform is looking at […]

By Blake C. Goldring |April 8, 2010

4 min read

Decorative pattern

Briefly:

Don Roberts has been tapped to become the new vice-chairman of renewable energy and clean technology in CIBC’s wholesale banking group. “I believe the sector provides significant growth opportunities for developers and investors alike,” said Roberts. “Total capital invested in clean energy has increased 60% over the last five years. I expect investment to grow […]

By Staff |April 7, 2010

2 min read

Decorative pattern

What’s happening with point of sale?

Regulatory proposals calling for a new summary document, called a Fund Facts, predictably set off alarms in the industry. It wasn’t that the Fund Facts document was so objectionable. What raised hackles is the requirement to deliver it to investors at or before entering into any binding agreement to purchase mutual funds. The idea has […]

By Susan Han |April 7, 2010

5 min read

Decorative pattern

Investors bullish, but advisors are wary

Given the heroic recovery of Canadian stock markets over the past year, and the Canadian predilection for chasing returns, it may come as no surprise that investors are feeling quite optimistic these days. Canadians think it’s a good time to invest in virtually every possible asset, according to a national poll by Manulife Financial. The […]

By Steven Lamb |April 7, 2010

4 min read

Decorative pattern

Land wealthy clients

Like Ahab’s white whale, the high-net-worth investor looms large in the back of advisors’ minds — seemingly just out of grasp for many of them. A few tweaks to your business model and a couple more years of referrals and you’ll be there, you tell yourself. But if that’s really what you think, you’re probably […]

By Mark Noble |April 6, 2010

13 min read

Decorative pattern

Don’t fear higher interest rates

Continued economic strengthening, concerns that inflation might rise in the future and a large amount of government debt are among the factors translating into increases in interest rates, with more likely to come. Here are five questions that advisors – and their clients – might ask about rising interest rates: 1. Why are rates rising? […]

By Peter Drake |April 6, 2010

8 min read

Decorative pattern

Briefly: Russell announces new portfolio and more news

Russell Investments Canada Ltd. (Russell Canada) announced its launch of the Russell Enhanced Canadian Growth and Income Portfolio today. Currently, the portfolio strategically invests 60% in Canadian equities and 40% in fixed income. This asset allocation may be adjusted in the future, depending on how the markets change, to maximize potential returns using Russell’s Enhanced […]

By Staff |April 6, 2010

2 min read

Decorative pattern

Equity funds march higher: Morningstar

All Canadian equity fund categories posted gains in March, according to preliminary performance data released today by Morningstar Canada. In March, Canada’s domestic equity funds enjoyed gains for the second consecutive month. But unlike February, investment funds that focus on foreign equities also did well. As the financial markets continue to inch their way out […]

By Laura Busch |April 5, 2010

2 min read

Decorative pattern

Briefly:

Manulife Mutual Funds is capping its Value Leaders Income Portfolio to new purchases, including systematic transfers and pre-authorized chequing plans. The company says it is capping the fund because it already offers a “vast selection” of income products. Manulife also said it will rebrand the Value Leaders Portfolios as Manulife Leaders Portfolios, on or about […]

By Staff |April 5, 2010

2 min read

Decorative pattern

Fund sales see continued strength in March

Early reports from several mutual fund manufacturers suggest that sales soared in March, helped along by strong global equity markets. DundeeWealth continued to set the pace, reporting long-term mutual fund net sales of $543 million and short-term mutual fund net redemptions of $9 million. Mutual funds assets under management totaled $28.8 billion. Fidelity reported total […]

By Steven Lamb |April 5, 2010

2 min read

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