Industry

PowerShares launched as mutual funds

• Visit the Advisor.ca ETF Centre One of the world’s largest exchange traded fund providers, PowerShares has launched in Canada — not as an ETF, but as a suite of corporate class mutual funds wrapped around an underlying ETF. Advisors are clearly the target market for the new product launch by Invesco Trimark, which brings […]

By Mark Noble |November 16, 2009

4 min read

Industrial Alliance buys MD Life portfolio

Industrial Alliance Insurance and Financial Services has inked a deal with MD Physician Services Inc. (MDPSI) to acquire the individual life insurance portfolio of MD Life Insurance Company. MD Life provides life insurance and annuity products to Canadian physicians. The portfolio contains more than 8,600 policies and riders, and generated $62 million in premium income […]

By Steven Lamb |November 13, 2009

2 min read

Briefly:

CI Investments has announced the launch of a new fund focused on generating a high-yield income for clients. The Signature Diversified Yield Fund’s investment mandate allows for exposure to fixed income and high-yielding equity securities from around the world. “With interest rates at historic lows, income investors need to generate higher returns without taking on […]

By Staff |November 13, 2009

3 min read

CHIP parent lowers rate to win over advisors

If your company offers just one product and it's restricted to a certain age group, wouldn't it be nice to diversify just a little? When HomEquity, best know for its CHIP reverse mortgage program, became a chartered bank in October, that was, in part, the rationale.

By Steven Lamb |November 13, 2009

3 min read