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(July 9, 2008) AIM Trimark has announced the appointment of Scott Margach as vice-president and portfolio manager, giving him the lead on the AIM Canadian First Class. Margach is a former vice-president and director of TD Asset Management. “Scott is a great addition to our line-up of industry-recognized fund managers,” said Graham Anderson, AIM Trimark’s […]
By Staff |July 9, 2008
3 min read
(July 9, 2008) Despite the challenges posed by the credit crunch, businesses controlled by private equity investors outperformed their publicly traded counterparts for the third consecutive year, according to a report from Ernst & Young. “Private equity continued to be successful in 2007,” said Joe Telebar, transactions advisory services partner at Ernst & Young in […]
2 min read
There are a lot of differences between institutional managers and retail advisors, especially when it comes to Canada’s economic outlook. Two new surveys, one looking at institutional advisors and the other at retail, show wildly different opinions between these groups. Russell Investments found that institutional managers were becoming more bearish on Canadian equities, with only […]
By Bryan Borzykowski |July 9, 2008
4 min read
Sir John Templeton, a legend in the investment industry, passed away Tuesday morning. Templeton, who introduced global equity investing to Canadians with his Templeton Growth Fund, died in a Bahamian hospital from pneumonia. He was 95 years old. The Winchester, Tennessee-born investor and philanthropist is best known for creating the Templeton Growth Fund, one of […]
By Bryan Borzykowski |July 8, 2008
(July 8, 2008) Standard Life Mutual Funds has announced the launch of several new offerings, including a new T-series of funds, two new wrap funds and the Standard Life India Equity Focus Fund. “The Standard Life India Equity Focus Fund is an excellent way to participate in [India’s] extraordinary growth. The fund can leverage Standard […]
By Staff |July 8, 2008
Environmental, social and governance factors, once considered the “fringe issues” of finance, took another step into the mainstream this week when the CFA Institute’s Centre for Financial Market Integrity launched Environmental, Social, and Governance Factors at Listed Companies: A Manual for Investors. “The manual is to assist investors in understanding how a company deals with […]
By Romana King |July 8, 2008
(July 7, 2008) In a test case for the Anti-Money Laundering and Terrorist Financing Regulations, four Canadians injured in a Hezbollah rocket attack on northern Israel have filed a civil suit against the Lebanese-Canadian Bank (LCB). The suit alleges that the bank unlawfully provided financial services to the Yousser Company for Finance and Investment, and […]
By Staff |July 7, 2008
As America’s economy tanks, Canada’s financial fortunes have remained relatively positive; until now, that is. One of Bay Street’s most vocal bulls is reassessing his outlook for the S&P/TSX Composite index, as stagflation becomes an increasingly greater threat. CIBC economist Jeff Rubin announced today that he expects the TSX to hit 14,300 this year, and […]
By Bryan Borzykowski |July 7, 2008
(July 4, 2008) Hartford Investments Canada announced Friday that it was launching a new Global High-Income Fund, and T-unit options on eight of its other funds. Laurie Davis, Hartford’s president, says the new additions will “address the need for a predictable, tax-efficient cash stream for Canadians in their retirement years.” Investors who purchase the T-unit […]
By Staff |July 4, 2008
(July 4, 2008) Many doubted that the acquisition of BCE, which was supposed to be completed in December, would end up happening, but on Friday the investor group led by the Ontario Teachers’ Pension Plan announced it was a done deal. “We are very pleased to have reached an agreement with BCE and that our […]
1 min read
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