Industry

Removal of FPR rational, not earth-shaking, says CIBC

(April 13, 2005) History suggests that the amount of foreign content in registered pension plans won’t change significantly, despite Ottawa’s proposal to eliminate the 30% cap. A report from CIBC World Markets on foreign content in Canadian pension plans and RRSPs notes that in the heady days of the tech boom, foreign content did jump, […]

By Doug Watt |April 13, 2005

2 min read

Investors finally getting it right: Dalbar

(April 13, 2005) In what is being hailed as a first, the average American equity mutual fund investor outperformed the overall S&P 500 in 2004, according to financial researcher Dalbar’s annual Quantitative Analysis of Investor Behaviour study. “Average investors earned more in 2004 than the hypothetical buy & hold S&P 500 investor because inflows continued […]

By Steven Lamb |April 13, 2005

2 min read

CIBC shake-up affects Imperial advisors

(April 12, 2005) CIBC’s Imperial Service group — home to more than 1,200 advisors — will be shifted to the bank’s Retail Markets division as part of an organizational restructuring announced late Monday. The Imperial Group was under the Wealth Management umbrella, but is moving to retail, along with CIBC’s Private Wealth Management group and […]

By Staff |April 12, 2005

2 min read

AGF to reduce fees on clone funds

(April 12, 2005) AGF is the latest company to announce plans to lower expenses on RSP clone funds in the wake of Ottawa’s proposal to eliminate the foreign content rule. The reduction will apply retroactively to February 23, AGF says, the day the budget was introduced and Ottawa announced it would eliminate the 30% cap […]

By Doug Watt |April 12, 2005

2 min read