News and resources for Canada's top financial advisors
Industry
While the S&P/TSX Composite has been on a blazing rally since July, the best returns for active investment managers have come from the less-closely-watched small cap equity space, according to Russell Investments. The median small-cap manager has posted a return of 12.7%, beating the median large-cap manager by 280 basis points, according to the latest […]
By Steven Lamb |November 3, 2010
2 min read
Over the last 20 years, technology has progressed at breakneck speed. The investment industry, meanwhile, “has grudgingly been dragged along, kicking and screaming.” So says Eric Mennell, senior vice president and associate portfolio manager, Mennell Wealth Strategies Group, within Macquarie Private Wealth Inc. One explanation for the resistance, he believes, is it’s difficult to balance […]
By Nancy Turner |November 3, 2010
3 min read
Mutual funds were back in vogue in October, as the Canadian industry attracted between $1.1 billion and $1.6 billion in net sales, according to the Investment Funds Institute of Canada (IFIC). Much of the enthusiasm can be attributed to surging market returns, says Jon Cockerline, director of policy, dealer issues, at IFIC. “[This] has been […]
TMX Group is going to London. The Canadian securities exchange will open a new office in early 2011, focusing on driving new business opportunities in U.K. and European markets. “We’ve built a strong and diversified portfolio under the TMX Group umbrella and have begun to expand our business to international markets over the last few […]
By Staff |November 3, 2010
5 min read
The Canadian Securities Administrators (CSA) is seeking input from the financial industry and the public on proposed changes to the regulation of over-the-counter (OTC) derivatives. The proposals were today released in CSA Consultation Paper 91-401 – Over-the-Counter Derivatives Regulation in Canada. The proposals come in response to commitments made by the G20 to develop more […]
By Staff |November 2, 2010
Canadian mutual fund investors chalked up another strong month in October, at least in their equity exposures, according to data compiled by Morningstar Canada. All eyes were on the U.S. Federal Reserve, which is expected to introduce a second round of quantitative easing on November 3. The expectation of additional stimulus drove global markets higher. […]
By Steven Lamb |November 2, 2010
Arrow Hedge Partners is rebranding its funds and fund families in an effort to better showcase the range and specific makeup of its products. The changes include new fund names that will highlight the portfolio management firm running the funds. To that end, most of the 14 single-manager fund names have been simplified by removing […]
7 min read
It seems too good to be true, and it is. This, in short, sums up the industry experts’ response to the recent media reports linking the U.S. election cycle to rallies in stock markets promising pay dirt. Calling it the “best formula going” these reports claim “shares usually fall or drift during the first half […]
By Vikram Barhat |November 1, 2010
In September, members of the Institute of Advanced Financial Planning met in Banff, Alberta to consider its annual case study. This year’s case study involved a client everyone could identify with.
By Steven Lamb |November 1, 2010
My colleague is always on the lookout for deals and bargains. Growing up in Saint Petersburg during a transitioning Russian economy made everyone resourceful. She and her family have used coupons to clean out stores, with the clerk paying her at checkout! She applies the same frugal approach to constructing core-and-satellite structures for taxable portfolios, and saves money by systematically harvesting tax losses using ETFs.
November 1, 2010
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