Industry

Decorative pattern

Fund review committees approved by regulators

It’s been seven years since the Canadian Securities Administrators retained Stephen Erlichman, a partner at law firm Fasken Martineau, to pen a report on mutual fund governance. The result of that report — National Instrument 81-107 — is finally ready to be adopted. While over the years Erlichman’s recommendations have lost some of its teeth, […]

By Mark Brown |July 28, 2006

3 min read

Decorative pattern

Briefly:

(July 27, 2006) Vancouver-based sustainable investment specialist Ethical Funds is now offering an F-class option on its entire fund family. Designed as an alternative to transaction-based programs, the F-class approach unbundles the trailer fees that are part of the MER, the company explained in a release. Instead of paying sales charges, investors pay a fee […]

By Staff |July 27, 2006

3 min read

Decorative pattern

Go global, reallocate within Canada

Canadian investors need to trim their domestic holdings and further diversify into foreign markets, according to the top portfolio managers from Franklin Templeton Investments, speaking in Toronto at the annual Outlook and Opportunities Forum. “One place we are not finding value is in Canada. That’s not to say we’re making any kind of call, we’re […]

By Steven Lamb |July 27, 2006

3 min read

Decorative pattern

Briefly:

(July 26, 2006) It’s official — the second quarter of 2006 was a tough time for investors. Major markets from around the world struggled through May and June, according to Mercer Investment Consulting’s Pooled Fund Survey. Even the relative safety of Canadian balanced funds proved shaky, as poor performance in both equities and fixed income […]

By Staff |July 26, 2006

4 min read

Decorative pattern

Regulators moving slowly on investor concerns

“We have made progress in some areas but we still have work to do.” That’s the latest self-assessment by the Ontario Securities Commission, from a follow-up report more than a year after it hosted a Town Hall to gauge investor opinion. Based on the feedback from that meeting in May 2005, which included the IDA, […]

By Mark Brown |July 26, 2006

2 min read

Decorative pattern

Advisors look to technology for compliance solutions

Because fund dealers are constantly concerned about the possibility of an MFDA audit, compliance is consistently on the tops of their minds — and on their advisors’ minds. But compliance can be an expensive proposition, and as such, firms are increasingly looking at new technologies for cost-savings. Getting the technology right can be costly, with […]

By Al Emid |July 26, 2006

3 min read

Decorative pattern

Briefly:

(July 25, 2006) Steve Geist, former president of TD Mutual Funds, takes over as president of CIBC Asset Management, effective July 26. In addition to his experience at TD, Geist has also held senior roles at Fidelity Investments Canada and PriceWaterhouse. Now, Geist will be responsible for the company’s overall retail mutual fund and managed […]

By Staff |July 25, 2006

3 min read

Decorative pattern

Advisor friendly ETFs

Many advisors who work on commission likely haven’t thought of rolling exchange-traded funds into their clients’ portfolios. After all, why sell a product you don’t get paid for? But these structures are changing. As proof, look no further than Claymore Investments, set to introduce advisor-friendly ETFs. In August, seven new Claymore-run ETFs will start trading […]

By Mark Brown |July 25, 2006

4 min read

Decorative pattern

Desperately seeking members

As Advocis celebrates its 100th anniversary this year, one issue foreshadows a dark period for the industry’s largest advisor association. Membership is sinking. In 2004, Advocis had nearly 16,000 members. Today, that number has plummeted to about 12,000. Those numbers must be leaving Advocis wondering how on earth to attract new members. After all, their […]

By Deanne Gage |July 24, 2006

3 min read

Decorative pattern

Briefly:

(July 24, 2006) Guardian Group of Funds has announced the launch of GGOF Solutions, a new asset-allocation program with five different portfolios to match the investor’s risk tolerance. The program’s offerings include income, conservative, balanced, growth and aggressive growth portfolios. “GGOF Solutions is a tremendously simple product for advisors to explain and position with clients,” […]

By Staff |July 24, 2006

3 min read

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