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It was tough for active fund managers to beat the S&P/TSX Composite in 2009, according the full year Standard & Poor’s Indices Versus Active Funds Scorecard (SPIVA). Only 30.4% of Canadian Equity active funds posted returns superior to the S&P/TSX Composite Index. Canadian small- and mid-cap equity managers were better able to beat their index, […]
By Steven Lamb |February 25, 2010
2 min read
Throughout her successful career, Lori Claxton had to push herself to be better and smarter because of the gender stereotypes that pervade the industry. And even though things are much better than they once were, some clients still gravitate toward her business partner for no other reason than he is a man. Despite those snubs, […]
By John Powell |February 24, 2010
3 min read
Industrial Alliance Insurance and Financial Services has launched a new venture into the U.S. market, with IA American Life Insurance Company, headquartered in Scottsdale, Ariz. The Quebec-based insurer already operates south of the border with IA Pacific. “We’re excited about this opportunity to increase our presence in the U.S. and build on our recent successes […]
By Staff |February 24, 2010
RBC has expanded its insurance product line, with the launch of a new universal life offering, along with a new Term 100 product and enhanced Term 10 and Term 20. The RBC Universal Life policy has preferred rates from age 40 for coverage from $250,000. Additional features include interest options that are linked to 15 […]
By Staff |February 23, 2010
As the deadline for RRSP contributions nears, Canadians are largely uncertain about how they should invest their retirement nest egg, according to a survey commissioned by BMO Financial Group. The survey found 18% didn’t even know what investments they held, and a third said they didn’t know what should be in a successful investor’s portfolio. […]
By Steven Lamb |February 23, 2010
Ask the average Canadian when retirement begins and you might be surprised at the answer. A recent survey finds that 57% feel there is no “right age” for retirement. According to the 20th annual RBC RRSP poll, most Canadians feel that retirement is a purely subjective decision that should be based on personal choice. The […]
By Steven Lamb |February 22, 2010
Canada’s Task Force on Financial Literacy wants to know how Canadians make their financial decisions. To get that discussion going, they have released the ‘Leveraging Excellence’ report today. The report explores the key issues the task force believes Canadians face when it comes to their financial well-being. Called to action by the federal Minister of […]
By John Powell |February 22, 2010
Two of Canada’s leading managing general agencies (MGA) have struck a deal, creating a strategic alliance between PPI Financial Group and Financial Management Group of Companies. The deal will give FM brokers access to PPI’s actuarial, marketing and sales resources, while PPI brokers will gain access to FM’s broader product shelf. “PPI has great resources […]
Blog Polls The fourth annual Canadian Lipper Fund Awards were handed out in Toronto last night. The Lippers differ from the more established Canadian Investment Awards in that they honour top funds for their performance over multiple time frames. Dynamic Funds was the big winner of the night, taking home 14 “Fund of the Year” […]
By Steven Lamb |February 19, 2010
Effective today, the Montreal Exchange has listed put and call options on the Claymore Gold Bullion ETF. Those options are also currently available on the Claymore Natural Gas Commodity ETF and the Claymore Global Agriculture ETF. Claymore’s Gold Bullion ETF replicates the performance of the price of gold bullion, less the fund’s expenses and fees, […]
By Staff |February 19, 2010
1 min read
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