Industry

Decorative pattern

May sees strong fund rally, sales tepid

The ongoing stock market rally boosted returns for Canadian mutual fund investors in May, according to preliminary data from Morningstar Research. All but seven of Morningstar’s 24 mutual fund indices posted positive results for the month. Despite the healthy gains in equities, the best performing sector was a traditional defensive play. The Morningstar Precious Metals […]

By Steven Lamb |June 2, 2009

4 min read

Decorative pattern

Miners to lag commodity recovery

A run-up in commodity prices will heal a lot of the damage sustained by the mining sector, but a study by PricewaterhouseCoopers (PwC) says it will take some time before mining companies deliver the type of results they did before the downturn. If you’re a Canadian investor, mining is a big deal. Canada is one […]

By Mark Noble |June 2, 2009

4 min read

Decorative pattern

Empowering investors: An interview with Jean-Pierre Diserens

Globally, investors have been hit hard by the financial meltdown. Now, with panicky governments pouring money into miscellaneous ventures, they’re also bracing to be bombarded with a hefty tax burden. AER spoke with Jean-Pierre Diserens, vice-chairman and executive vice-president of CIFA, a non-profit Swiss foundation committed to investor protection, which fought to implement the Charter […]

By Mark Noble |June 1, 2009

8 min read

Decorative pattern

SRI devotees staying the course

Tough times often lead people into investments they might not otherwise touch. But despite the current financial crisis, there are signs that Canadian institutional investors are maintaining their commitments to socially responsible investing (SRI). “We’ve seen no reduction in interest from institutional investors,” said Jordan Berger, principal with Mercer Investment Consulting, speaking during a panel […]

By Doug Watt |June 1, 2009

3 min read

Decorative pattern

Women’s conference roundup

This one was all about women. They converged from all over Canada on May 7 at the Park Hyatt in Toronto to be at our fi rst-ever event exclusively for female fi nancial advisors: Investing in You. The program platter was holistic, and very in tune with the audience: They attended industry-specifi c sessions; got […]

By Kanupriya Vashisht |June 1, 2009

3 min read

Decorative pattern

Briefly:

With faint promises of an economic recovery, CIBC has rolled out a new tradable commodities index for investors hoping to cash in on resurgent resource prices. The CIBC Composite Commodities Index tracks the price of futures contracts in agriculture, energy, base metals and precious metals. All futures contracts in the index are listed and traded […]

By Staff |June 1, 2009

2 min read

Decorative pattern

Briefly:

TD Asset Management has announced plans to terminate three mutual funds, citing reduced investment opportunities and decreased client demand. The funds that will be terminated are: • TD Income Trust Capital Yield Fund • TD Private Income Trust Fund • TD Income Trust Pool The funds will cease offering units for purchase effective May 29, […]

By Staff |May 29, 2009

3 min read

Decorative pattern

SunWise changes draw fire

A decision by Sun Life Financial to increase the required fixed income allocation within its SunWise Elite Plus guaranteed minimum withdrawal benefit product is meeting resistance in the advisor community. The insurer announced on Wednesday that the minimum fixed income allocation in the product was rising from 10% to 30%, effective July 31 for new […]

By Steven Lamb |May 29, 2009

3 min read

Decorative pattern

Briefly:

Middlefield has added a new fund to its lineup of class funds: Global Agriculture Class. As part of the family of class funds, investors can make switches between other class funds without triggering capital gains for tax purposes. The company also announced that Series F shares will now be offered for the following funds: Canadian […]

By Staff |May 28, 2009

3 min read

Decorative pattern

DRP discounts offered to save cash

A trend is surfacing among large financial corporations to actively encourage shareholders to participate in dividend reinvestment plans (DRP), offering shares at a discount. On Thursday, CIBC announced a 3% discount on DRP reinvestment, and extended the plan to preferred shareholders. The discount applies to the “dividend reinvestment option” of the plan, but not the […]

By Steven Lamb |May 28, 2009

2 min read

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