Industry

IFIC panel chews out NI 31-103

If anyone thought the mutual fund industry was pleased with NI 31-103, think again. On Thursday, the Investment Funds Institute of Canada held a panel discussion to tell its members all that’s wrong with the proposed national instrument. Moderated by Murray Taylor, president and CEO of Investors Group, panelists Christopher Enright, executive vice-president of FundEX […]

By Bryan Borzykowski |June 7, 2007

3 min read

Briefly:

(June 6, 2007) If you’ve got clients with a hankering for natural resources, then Desjardins Group has just the product to satisfy their crude oil cravings. The company announced Wednesday that it’s launching the Natural Resource Guaranteed Investment on June 11. The product is geared toward investors who want to invest in the international resource […]

By Staff |June 6, 2007

3 min read

Strong loonie creates bargains in foreign equity

The Canadian dollar is at a thirty-year high and many Canadians are wondering whether they should take a quick jaunt across the border to do some shopping. The same logic can be applied to buying international equity — purchasing foreign companies has never been cheaper, and fund managers right now are taking advantage of the […]

By Mark Noble |June 6, 2007

3 min read

May marks another strong month: IFIC

The month of May appears to have seen strong mutual fund sales, with net inflows of between $3.2 billion to $3.7 billion, according to preliminary estimates from IFIC. “Mutual fund net sales posted their best May since May 1996 and marked the thirty-first straight month of positive net sales,” said Pat Dunwoody, vice-president, member services […]

By Steven Lamb |June 5, 2007

1 min read