Industry News

Decorative pattern

Goals are easy, execution is tough

Canadians have set themselves some admirable financial goals, but many are struggling to meet these commitments, according to a poll by RBC. Half of Canadians ranked retirement savings as one of their top financial priorities, yet a quarter of those people are not putting any money toward this goal. Homeownership was a priority for 47% […]

By Mark Noble |November 17, 2009

4 min read

Decorative pattern

Briefly:

RBC Asset Management has announced it will reopen the RBC O’Shaughnessy Canadian Equity Fund and RBC O’Shaughnessy U.S. Growth Fund to new purchases, effective immediately. RBC O’Shaughnessy Canadian Equity Fund has been closed since January 19, 2007. RBC O’Shaughnessy U.S. Growth Fund has been closed since June 30, 2006. • • • AGF replaces one […]

By Staff |November 16, 2009

1 min read

Decorative pattern

Long-term funds continue sales streak

Net redemptions from the mutual fund industry for October came in near the lower end of initial estimates, totalling $291.4 million, according to the final tally by the Investment Funds Institute of Canada (IFIC). Early forecasts had set a range of between $262.2 million and $762.2 million in net redemptions. IFIC ascribed the slower sales […]

By Steven Lamb |November 16, 2009

2 min read

Decorative pattern

PowerShares launched as mutual funds

• Visit the Advisor.ca ETF Centre One of the world’s largest exchange traded fund providers, PowerShares has launched in Canada — not as an ETF, but as a suite of corporate class mutual funds wrapped around an underlying ETF. Advisors are clearly the target market for the new product launch by Invesco Trimark, which brings […]

By Mark Noble |November 16, 2009

4 min read

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Industrial Alliance buys MD Life portfolio

Industrial Alliance Insurance and Financial Services has inked a deal with MD Physician Services Inc. (MDPSI) to acquire the individual life insurance portfolio of MD Life Insurance Company. MD Life provides life insurance and annuity products to Canadian physicians. The portfolio contains more than 8,600 policies and riders, and generated $62 million in premium income […]

By Steven Lamb |November 13, 2009

2 min read

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Briefly:

CI Investments has announced the launch of a new fund focused on generating a high-yield income for clients. The Signature Diversified Yield Fund’s investment mandate allows for exposure to fixed income and high-yielding equity securities from around the world. “With interest rates at historic lows, income investors need to generate higher returns without taking on […]

By Staff |November 13, 2009

3 min read

Decorative pattern

CHIP parent lowers rate to win over advisors

If your company offers just one product and it's restricted to a certain age group, wouldn't it be nice to diversify just a little? When HomEquity, best know for its CHIP reverse mortgage program, became a chartered bank in October, that was, in part, the rationale.

By Steven Lamb |November 13, 2009

3 min read

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Canadian equity well positioned: Fidelity’s Lemieux

When you manage one of the country’s largest domestic equity funds, you could probably be forgiven a little home country bias. Fidelity Canada’s Maxime Lemieux, believes it’s the continued growth of the emerging markets that ultimately places Canadian companies in good stead. Lemieux is one of the key presenters at Fidelity’s Fall Tour, which is […]

By Mark Noble |November 13, 2009

4 min read

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Advisor.ca ETF Centre

Full Story Industry News ETFs continue to gather steam The net inflows into ETFs versus traditional mutual funds continues to be quite large, to the point that ETF providers are not asking if but rather when will ETFs hit $100 billion in assets under management in Canada? Full Story Investors turn to ETFs to fight […]

By Staff |November 12, 2009

4 min read

Decorative pattern

Briefly:

Sprott Inc. has appointed Kevin Bambrough as president and James Fox as president of subsidiary for Sprott Asset Management. In addition to helping run the larger corporation, Bambrough will continue as president and CEO of Sprott Resource Corp., a publicly traded company on the Toronto Stock Exchange, and as market strategist with Sprott Asset Management. […]

By Staff |November 12, 2009

2 min read

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