Industry News

Decorative pattern

Briefly:

(August 5, 2008) As expected, the U.S. Federal Open Market Committee announced Tuesday it is holding the line on target for the federal funds rate at 2%. The Fed said economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports, but labour markets have softened further and financial markets remain […]

By Staff |August 5, 2008

3 min read

Decorative pattern

Tough to make a buck in July: Morningstar

Nothing lasts forever: it’s a lesson that Canadian mutual fund investors chasing returns in the commodities sector learned in July, according to data from Morningstar Canada. Tumbling prices for gold, crude and various other industrial inputs pushed commodities-focused mutual funds to the bottom of the heap last month, with the Morningstar Precious Metals Equity Fund […]

By Steven Lamb |August 5, 2008

2 min read

Decorative pattern

Making the plan

Just as the regulatory world is fragmented, so is the advice profession. One of the youngest groups, the CIFPs, came out of the Investment Funds Institute of Canada. Advisor staff talked to CIFPs president Keith Costello about the history and future of CIFPs Q: One goal of the CIFPs was to bring together Certified Financial […]

August 1, 2008

10 min read

Decorative pattern

On The Shelf:

(August 1, 2008) Horizons BetaPro has a had a pretty good run with their exchange traded funds —they’ve reached about $1.75 billion in assets under management — so it’s only natural that they’d turn their non-ETF products into this hot selling investment option. On Friday, the company announced that it was finished doing just that. […]

By Staff |August 1, 2008

1 min read

Decorative pattern

Briefly:

(August 1, 2008) The mood amongst the defined benefit (DB) plan sector is decidedly pessimistic, and many plan sponsors are looking to make changes over the next 12 months in an effort to improve their financial situation, according to a new survey from Morneau Sobeco. Seventy-five per cent of respondents said they were either somewhat […]

By Staff |August 1, 2008

3 min read

Decorative pattern

Bargain hunters still cautious about financials

In his widely read letter to shareholders, Miller, the legendary value manager of the Legg Mason Value Trust and its Canadian version, CI Value Trust, says it’s now the worst market for value investing that he’s ever seen. After 15 consecutive years of outperforming the S&P 500 index, he’s now experienced outsized underperformance. While the […]

By Mark Noble |August 1, 2008

4 min read

Decorative pattern

Briefly:

Cultivation of economic growth Enhanced enforcement Consistency in regulation Quickest way forward/least transitional risk Quickest way forward/least transitional risk Consistency in regulation Enhanced enforcement Cultivation of economic growth Flexibility to respond to future evolution of global markets Reduction in costs Strengthened influence of Canada in international markets Ability to address regional sensitivities • • • […]

By Staff |July 31, 2008

4 min read

Decorative pattern

Study finds evidence of widespread front-running

According to a new study co-authored by a Toronto-based professor, there is evidence that front-running is a common practice on Wall Street. Front-running is the term used to refer to an investor with insider knowledge of an impending large sale of a security using that information to trade in the security before the sale. It’s […]

By Mark Noble |July 31, 2008

4 min read

Decorative pattern

Briefly:

(July 30, 2008) The Canadian Investment Awards has announced the creation of a new award that will recognize one investment firm for “showing a concrete commitment to environmental leadership.” “I believe that investing in our environment is one of the most important and relevant long-term investments we can make,” says Sabine Steinbrecher, founder and president, […]

By Staff |July 30, 2008

2 min read

Decorative pattern

Active managers miss the benchmark again

The last year hasn’t been kind to active managers — they haven’t beaten their benchmark in four quarters, but according to a new survey, they’re getting closer. Russell Investments Canada’s active manager report reveals that in Q2 of this year, 41% of active managers outperformed the benchmark. That’s an improvement of 21 percentage points over […]

By Bryan Borzykowski |July 30, 2008

2 min read

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