Industry

Decorative pattern

Briefly:

(January 21, 2008) Dynamic Funds has announced the launch of Series 5 of its Bank of Montreal Dynamic RetirementEdge Income Portfolios. Structured as deposit notes, these portfolios are available in three options. Current Pay notes provide a monthly distribution of 6.6% per annum, based on the initial investment and adjusted for inflation. They mature on […]

By Staff |January 21, 2008

2 min read

Decorative pattern

Canadians still worried about CPP

It’s been more than 10 years since the Canadian Pension Plan changed its structure, venturing into the stock market to shore up its balance sheet, but a large number of Canadians are still worried that their CPP dollars won’t be around when they hit 65. Ian Dale, the CPP Investment Board’s senior vice-president of communications […]

By Bryan Borzykowski |January 21, 2008

4 min read

Decorative pattern

Briefly:

(January 18, 2008) Contrary to several recent media reports, the U.S. economy is not in a recession, nor is it likely to hit one any time soon, according to the economics team at CIBC World Markets. In fact, the American economy should start to recover from a mild slowdown by the middle of this year. […]

By Staff |January 18, 2008

3 min read

Decorative pattern

Pellettieri joins Wellington West

Sam Pellettieri’s been a busy guy lately. In just over two months, he’s moved from Tetrem Capital Management to Sarbit Asset Management, and now joins Wellington West as the company’s chief investment officer and portfolio manager. “It’s a great opportunity to build something,” says Pellettieri, who joined his new firm only three days ago. The […]

By Bryan Borzykowski |January 18, 2008

2 min read

Decorative pattern

Dundee disbands bid review committee

DundeeWealth is officially not for sale. The company has announced that it is no longer even considering offers since its “controlling shareholder” (read, the Goodman family) would not be selling its stake. “We will move forward quickly building on our significant achievements in 2007, not least of which is a year-end net sales record that, […]

January 18, 2008

2 min read

Decorative pattern

Surprise distribution creates

Advisors with client money in corporate class mutual funds have learned the hard way why they are called tax efficient, rather than tax proof. A surprise distribution from Franklin Templeton’s corporate class funds on January 10 has caused an uproar, after leaving clients with an unforeseen tax-bill. Franklin Templeton says the move was necessary to […]

By Mark Noble |January 18, 2008

3 min read

Decorative pattern

Briefly:

(January 17, 2008) Canada has the second largest share of the 6,427 investment professionals who earned the Chartered Financial Analyst designation in 2007. At 746, Canada trails only the United States (2,610) in the number of new CFA charter holders it has. The CFA Institute, which administers the designation, says all the new charter holders […]

By Staff |January 17, 2008

4 min read

Decorative pattern

Foreigners opt for Canadian bonds, sell stock: StatsCan

Foreign investors continued to sell off Canadian equities in November, although the outflows were nowhere near those seen in October, according to Statistics Canada’s monthly report on international transactions in securities. Non-residents reduced their holdings of Canadian equities by a hefty $9.5 billion in November, although these outflows were partially offset by net purchases of […]

By Mark Noble |January 17, 2008

3 min read

Decorative pattern

Canadians investing regularly, despite shaky markets

Despite the unpredictable markets, Canadians still think that investing on a regular basis is the way to go. A new Scotiabank survey says about 80% of Canucks feel it’s either very or fairly important to make regular contributions to their investments. The survey reveals that 76% of investors over the age of 18 make at […]

By Bryan Borzykowski |January 17, 2008

5 min read

Decorative pattern

Briefly:

(January 16, 2008) Vancouver-based portfolio manager McElvaine Investment Management Limited has launched two new advisor series for the McElvaine Investment Trust. Series A units will provide a 30 basis point trailer to advisors, with a 25% share of performance fees generated by the trust. “I believe this structure aligns all of our interests with our […]

By Staff |January 16, 2008

3 min read

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