Industry

Industry revenues sag in Q3

The third quarter of 2008 will not be remembered fondly by investors. The securities industry itself took a hit, with revenues falling 6% from the second quarter, or 7% from Q3 of 2007. According to the quarterly report from the Investment Industry Association of Canada (IIAC), the operating profits for the three months ending September […]

By Steven Lamb |December 15, 2008

2 min read

Redemptions slow in November

November was a far kinder month than October for the mutual fund industry, as the pace of redemptions slowed to $909.8 million, according to the Investment Funds Institute of Canada. That’s a massive improvement over the $8.4 billion record set in October, which marked the depths of this fall’s market decline. Industry assets under management […]

By Steven Lamb |December 15, 2008

2 min read

Is the tide turning? Managers think so

It’s far too early to say money managers believe the worst is over, but it certainly seems they have regained their resolve to buy stocks, a new report by Russell Investments suggests. More than 70% of Canadian managers expect positive returns for the S&P/TSX in 2009, according to the Russell Investment Manager Outlook poll for […]

By Mark Noble |December 15, 2008

4 min read

Value investors greet market with optimism

There was almost an unfurled sense of optimism on the United Financial’s conference call to advisors Thursday — a veiled sense of excitement that only value investors can express when they sense the bottom of a market collapse is near. Indeed, opportunity was the key word being thrown out by Joe Canavan, the CEO of […]

By Mark Noble |December 12, 2008

5 min read