Industry News

Decorative pattern

Altering allocation to account for new risks

Asset allocation deals with a lot of assumptions about the return projection of asset classes and the correlation of assets within a portfolio. Unfortunately, lessons from this most recent downturn mean investors may have to rethink those assumptions, one seasoned asset allocation strategist says. At the recent CFA Institute’s Annual Conference in Orlando, Darren Sasveld, […]

By Mark Noble |May 19, 2009

6 min read

Decorative pattern

Briefly:

A new report from CIBC World Markets indicates that business bankruptcies were declining as of March, however, personal bankruptcies had increased. This trend differs with what’s happening in the U.S., where business and personal bankruptcies continue to increase, and also with the trends from the previous recessions when business bankruptcies reached record highs. During the […]

By Staff |May 19, 2009

3 min read

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Briefly:

Following the merger of LOMA and LIMRA, the resulting entity has announced the LOMA/LIMRA Canada Annual Conference, slated for June 9, 2009 at the Metro Toronto Convention Centre. Known as the most comprehensive event for life and health insurance professionals in Canada, this year’s conference will be the first time that LIMRA and LOMA are […]

By Staff |May 15, 2009

2 min read

Decorative pattern

Desjardins issues restructuring details

Previously, Desjardins Financial Security, Desjardins Securities and other subsidiaries of Desjardins Group reported directly to president and CEO, Monique F. Leroux. Before the restructuring, Desjardins Group also had four business units: Individuals and companies; insurance and securities; asset management; venture capital and others. A dozen appointments As part of the reorganization, Leroux announced a dozen […]

By Claude Couillard |May 15, 2009

2 min read

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Long-term funds bullish in April

Long-term funds packed a punch in April. Assets rose to $443.2 billion from $422.5 billion at the end of March, according to preliminary sales data from the Investment Funds Institute of Canada (IFIC). The bullish sentiment, however, was once again more due to market affect, than new inflows. Of the $20.7 billion month-over-month increase in […]

By Kanupriya Vashisht |May 15, 2009

2 min read

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Fund fees lower than they appear

A Morningstar report released on Tuesday suggested that Canadian mutual fund investors were content being nickel-and-dimed by fees, and gave the industry a failing grade on expenses. The report concluded that Canadian mutual fund investors were paying exorbitant fees, largely because they were being driven by their advisors into funds that pay better trailing commissions. […]

By Steven Lamb |May 15, 2009

3 min read

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Briefly:

Unity Life of Canada continues its string of acquisitions. The company announced Wednesday that it will acquire almost all of the insurance business of MetLife Canada for an undisclosed amount. The insurance business affected includes 100,000 life and health insurance policies and a small number of group annuity contracts, plus policy liabilities of approximately $300 […]

By Staff |May 14, 2009

2 min read

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ETFs have same issues as mutual funds

A report released Tuesday by Morningstar Canada placed a large amount of blame on advisors for high mutual fund fees. But the same issue applies to exchange-traded funds. There is a quite a bit of academic evidence to suggest that passive investing over a long period of time, within a well-constructed diversified portfolio, will outperform […]

By Mark Noble |May 14, 2009

6 min read

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Consolidating goodwill

Despite the recession and a dwindling eagerness among advisors to retire, Darren Miles, chartered business valuator, president and founder of Fair Market Value Inc., says there are currently more buyers than sellers in the market to buy advisory practices. For both sides of a book sale, he says there is more to consider than just […]

By Kanupriya Vashisht |May 14, 2009

3 min read

Decorative pattern

Corporate bonds come back strong

The corporate bond sector has bounced back in this latest broad market rally reaffirming a belief among investment strategists that the asset class had too much risk. “Our philosophy has been to overweight spread product throughout the cycle,” says Darcy Briggs, vice-president and portfolio manager with Bissett Fixed Income management team, a subsidiary of Franklin […]

By Mark Noble |May 13, 2009

5 min read

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