Industry News

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Neither sizzle nor fizzle this summer

The old adage “sell in May, then go away” may be a mantra some investors live by, but don’t pack the kids up and head to the cottage for the next six weeks yet. For those who do their homework, there still may be some opportunities to make money, says David Andrews, director of Investment […]

By Nancy Turner |July 21, 2010

3 min read

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Briefly:

Horizons AlphaPro has announced the launch of Global Dividend ETF, which will seek long-term returns consisting of regular dividend income and modest long-term capital growth. “Volatile market conditions over the past two years highlight the tremendous value of dividend-paying stocks. Dividends provide a strong cushion in times of market uncertainty,” said Ken McCord, president of […]

By Staff |July 21, 2010

3 min read

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Mackenzie Financial has rolled out a handful of new funds, including one under its primary brand and three Saxon Corporate Class funds. The new Mackenzie All-Sector Canadian Balanced Fund will invest in a portfolio of equity and fixed income investments, primarily through ownership of other Mackenzie-sponsored mutual funds or by investing in equity and fixed […]

By Staff |July 20, 2010

2 min read

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IA Clarington Investments has introduced a handful new funds and related corporate class offerings, including three focused on income and one on energy. The IA Clarington Short-Term Bond Fund will be managed by Industrial Alliance Investment Management Inc., and will seek a steady flow of monthly income while preserving investment capital and liquidity. The portfolio […]

By Staff |July 19, 2010

4 min read

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Canada sees a spike in foreign inflows

A strong tailwind of foreign investment is proving Canadian securities to be a great place to park funds. Investment in Canadian securities by non-residents strengthened substantially in May, with foreign inflows amounting to $23.2 billion, most notably for federal government debt instruments, says a recent report from Statistics Canada. Another $2.9 billion made their way […]

By Vikram Barhat |July 19, 2010

2 min read

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HNW advisors adopting behavioural finance

The emotional impact of the recent financial crisis has finally surfaced. Despite signs of economic recovery and stock market rebounds, investor confidence — across multiple wealth bands — remains tenuous at best. This is forcing many wealth management firms to incorporate elements of behavioural science into their practice, according to the latest Capgemini/Merrill Lynch World […]

By Vikram Barhat |July 19, 2010

2 min read

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Fustey rebrands Elysium, aims for expansion

When Alan Fustey headed up a team to buy Elysium Wealth Management Inc. last month, he didn’t want there to be any confusion about its operations so the first order of business was changing the name. Gone was the Winnipeg-based portfolio management firm’s moniker of 20 years, replaced by Index Wealth Management Inc. “It brands […]

By Renée Alexander |July 19, 2010

3 min read

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Giving takes a backseat in recession

He who wishes to secure the good of others has already secured his own, the saying goes. By that token, North Americans may not be feeling particularly secure. Allocations to philanthropic activities by high-net worth individuals’ (HNWI) increased in all regions except North America in 2009, according to the latest Capgemini/Merrill Lynch World Wealth Report […]

By Vikram Barhat |July 16, 2010

4 min read

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Briefly:

Financial planners in Hungary, Russia and, soon, Bulgaria, are now able to use Canadian-made planning software from PlanPlus. The expansion into Eastern Europe comes on the heels of tighter compliance standards in the region. “We were able to translate the software and work with PlanPlus to ensure the asset allocation, taxes and other rules for […]

By Staff |July 16, 2010

3 min read

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CIFSC announces fund category changes

Modifications are coming to the fund category schema courtesy of the Canadian Investment Funds Standards Committee (CIFSC). The first major change is that the International Equity fund category definition is shifting and will require funds to invest at least 90% of their equity assets in countries other than Canada and the United States. That’s down […]

By John Powell |July 15, 2010

2 min read

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