Industry

Decorative pattern

Client relationships the big win in TFSA planning

TFSA Market Assessment, a newly-available syndicated research report from Harris/Decima research, has polled more than 2,500 Canadians nationwide to determine what they know about TFSAs and how they intend to use them. Overall, the study finds Canadians are keen to use TFSAs; more than 50% of respondents will likely open one next year. For financial […]

By Mark Noble |July 4, 2008

4 min read

Decorative pattern

On The Shelf:

(July 3, 2008) Dynamic revealed Thursday that it is launching two new global growth funds — the Power Global Navigator Class and the Power Global Balanced Class. The former fund will be managed by Alexander Lane, who heads up the company’s Power Small Cap Fund, and will be diversified by geography, sector and business model. […]

By Staff |July 3, 2008

2 min read

Decorative pattern

Briefly:

(July 3, 2008) Nearly a year after the markets started going haywire, the effects of the credit crunch are still being felt, especially in Canada’s IPO market. A new survey released by PricewaterhouseCoopers reveals that in the second quarter of 2008, the number of new public offerings in the country hit an all time low. […]

By Staff |July 3, 2008

2 min read

Decorative pattern

Financials, foreign equity hit hard in Q2

Foreign equity was the wrong place to be in June, as mutual funds in that sector followed a disappointing first quarter with dismal returns for the second quarter, according to Morningstar Canada. Losses for the second three months ranged from a high of 4.7% for the Asia Pacific Equity Fund index to a low of […]

By Steven Lamb |July 3, 2008

2 min read

Decorative pattern

Canadian economy on rough road

The weakening U.S. economy contributed to Canada’s economic growth taking an unexpected drop in the first quarter of 2008. The national growth rate is forecast to slow to 1.4% for 2008, according to the latest economic report from RBC. “Going forward, Canada’s economy will continue to be hampered by flagging U.S. demand for exports, but […]

By Mark Noble |July 3, 2008

4 min read

Decorative pattern

Fund sales tepid in June: IFIC

Mutual fund sales were “decent” in June, according to preliminary data compiled by the Investment Funds Institute of Canada, totalling between $1.46 billion and $1.96 billion. “June is the month when Canadians begin to wind down and take summer vacations. Still, we expect June sales to come in at a decent $1.7 billion,” said Pat […]

By Steven Lamb |July 3, 2008

2 min read

Decorative pattern

Briefly:

(July 2, 2008) Manulife has announced that it is rebranding Berkshire-TWC Financial Group as Manulife Securities, closing the book on the sometimes troubled brand. As of today, the company’s mutual fund dealerships, Manulife Securities International Ltd. and Berkshire Investment Group Inc., will be named Manulife Securities Investment Services Inc. The securities-registered business will operate as […]

By Staff |July 2, 2008

3 min read

Decorative pattern

Investors turn to ETFs to fight volatility

Apart from shifting a client’s money into more conservative assets, such as money-market funds or fixed income, the most basic way to offset volatility in a client portfolio is diversification. According to Heather Pelant, head of iShares for Barclays Canada, ETFs are the cheapest way to get quick exposure to sometimes very specific asset categories. […]

By Mark Noble |July 2, 2008

4 min read

Decorative pattern

OSC grants fundcos extra year for refund

AIC: $58.8 million AIC: $58.8 million AGF: $29.2 million CI: $49.3 million IG: $19.2 million Franklin Templeton: $49.1 million The original orders were based on OSC findings that the five fund companies had allowed certain investors to move assets in and out of their funds on a short-term basis. Such movements are not prohibited, but […]

By Steven Lamb |July 2, 2008

2 min read

Decorative pattern

Employers considering group TFSA plans

The tax-free savings account (TFSA) is expected to be a hit when it comes into effect in 2009, but it seems individual Canadians won’t be alone in taking advantage of the new savings vehicle; many employers have indicated they will be offering group TFSAs, according to a survey. A poll of more than 250 employers […]

By Jody White |July 2, 2008

2 min read

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