Industry

Meritas to merge with Qtrade

Meritas Financial has struck a deal to merge with Qtrade Fund Management, with the combined entity becoming part of Qtrade Financial Group, although Meritas Mutual Funds will continue to operate as a separate division. Meritas is one of Canada’s leading fund companies in the socially responsible investment (SRI) field, and Qtrade CEO Scott Gibner predicts […]

By Staff |December 2, 2009

2 min read

Time for a Canadian state of mind?

For Canadian investors, there may be no better place to be right now than Canada. Some fund providers are suggesting clients consider retrenching back to Canadian holdings amidst an outlook that could see Canada as the leading performer of the developed world. Earlier this week, the Canadian division of SEI launched Canadian Focused Portfolios. Most […]

By Mark Noble |December 2, 2009

5 min read

Briefly:

The majority of financial advisors and brokers understand the concept of a fiduciary standard, and are onboard with the idea, according to a survey by U.S.-based asset manager SEI. The survey found that 86% of advisors and 53% of brokers agreed that all financial professionals “should be required to meet the fiduciary standard.” “As practitioners […]

By Staff |December 2, 2009

2 min read

Fund sales positive in November

Mutual fund sales turned positive in November, with net inflows of between $156.9 million and $656.9 million, according to preliminary estimates from the Investment Funds Institute of Canada (IFIC). “November was another good month for mutual fund investors. Collectively, they saw an estimated $12.5 billion month-over-month increase in their account balances due to market appreciation,” […]

By Steven Lamb |December 2, 2009

2 min read