News and resources for Canada's top financial advisors
Industry
• 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 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
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
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.
When you manage one of the country’s largest domestic equity funds, you could probably be forgiven a little home country bias. Fidelity Canada’s Maxime Lemieux, believes it’s the continued growth of the emerging markets that ultimately places Canadian companies in good stead. Lemieux is one of the key presenters at Fidelity’s Fall Tour, which is […]
By Mark Noble |November 13, 2009
Full Story Industry News ETFs continue to gather steam The net inflows into ETFs versus traditional mutual funds continues to be quite large, to the point that ETF providers are not asking if but rather when will ETFs hit $100 billion in assets under management in Canada? Full Story Investors turn to ETFs to fight […]
By Staff |November 12, 2009
Sprott Inc. has appointed Kevin Bambrough as president and James Fox as president of subsidiary for Sprott Asset Management. In addition to helping run the larger corporation, Bambrough will continue as president and CEO of Sprott Resource Corp., a publicly traded company on the Toronto Stock Exchange, and as market strategist with Sprott Asset Management. […]
Sun Life Financial has formed a strategic partnership with National Bank. National Bank will provide Sun Life advisors with a range of lending products that will allow clients to move more of their financial affairs with their Sun Life advisor. Non-bank advisors can sometimes find it difficult to manage all of their clients financial affairs, […]
By Mark Noble |November 12, 2009
Mavrix Fund Management Inc. has announced staff cuts, eliminating 10 positions “to better align costs and staffing levels with current assets under management.” Mavrix senior management remains intact. The company was bought out by GrowthWorks in a deal that closed July 1, 2009. The sales and marketing teams of the two companies have been merged. […]
By Staff |November 11, 2009
If the term “hot seller” can be applied to the investment product industry, fixed-income would fit the bill. Despite the run-up in equities, non-government bonds are driving interest with attractive yields and comparative price safety. Domestic fixed income funds led the way in net sales in September, according to the Investment Funds Institute of Canada, […]
By Mark Noble |November 11, 2009
5 min read
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