Industry News

Decorative pattern

On The Shelf:

(May 6, 2008) Manulife Investments and RBC have teamed up to offer a series of new principal-protected deposit notes, which provide access to global equity markets. The Manulife Investments Global Balanced Plus Deposit Notes are tied to the performance of three funds: the Mawer World Investment Fund, the Manulife Strategic Income Fund, and the Manulife […]

By Staff |May 6, 2008

2 min read

Decorative pattern

Briefly: PlanPlus opts for Morningstar data

(May 6, 2008) Morningstar Canada has been selected to provide global mutual fund and stock data for the PlanPlus Web Advisor platform. “A key benefit of our Web Advisor is the ability for advisors to identify the existing asset allocation of a client’s current holdings as well as accurately illustrate the recommended asset allocation and […]

By Staff |May 6, 2008

1 min read

Decorative pattern

Active managers faced rough start to 2008: Russell

So far, 2008 has not been kind to active investment managers in the institutional space, with less than 20% managing to outperform their benchmarks, according to the Russell Active Manager Report. Not only is that a massive pullback from the already disappointing 41% who topped their benchmark in the fourth quarter of 2007, but it […]

By Steven Lamb |May 6, 2008

2 min read

Decorative pattern

On The Shelf:

(May 5, 2008) Capital International Asset Management Canada launched a new fund Monday — the Canadian Core Plus Fixed Income, a quality-focused fund with global high yield flexibility, says the company. “Canadian Core Plus adds geographic and sector diversity to investors’ portfolios and draws from the experience and resources of sub-advisor Capital Guardian Trust Company, […]

By Staff |May 5, 2008

2 min read

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Sky’s the limit for TSX: Rubin

(May 5, 2008) Investors can count on the Bank of Canada not only ending its easing cycle, but boosting interest rates by up to 100 basis points by the end of the year, according to Jeff Rubin, chief strategist and chief economist at CIBC World Markets. “While the Bank of Canada may still have one […]

By Steven Lamb |May 5, 2008

2 min read

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DundeeWealth goes shopping

The hunted has become the hunter in the Canadian asset management industry, as DundeeWealth announces a deal to buy a controlling interest in institutional money manager, Aurion Capital Management Inc. Dundee is taking a 60% stake in the firm for a combination of cash and common shares in Dundee, with the remaining 40% held by […]

By Steven Lamb |May 5, 2008

2 min read

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Briefly:

(May 2, 2008) The European Central Bank, the U.S. Federal Reserve and the Swiss National Bank have announced an expansion of their liquidity measures, as a continuing effort to mitigate the credit crunch. The Federal Reserve announced today an increase in the amounts auctioned to eligible depository institutions under its biweekly Term Auction Facility (TAF) […]

By Staff |May 2, 2008

3 min read

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Equity returns bounce back: Morningstar

All but one of the 23 Morningstar Canada fund indexes that track the performance of equity fund categories showed positive returns for the month, with 10 of the indexes gaining 4% or more. According to Bhavna Hinduja, fund analyst for Morningstar Canada, it was the most positive month for equity fund indexes since January of […]

By Mark Noble |May 2, 2008

3 min read

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Fund sales slow in April

Mutual fund sales continued to struggle in April, despite strong performance in global equity markets. Just how slow the month was remains a point of speculation however. According to preliminary estimates from the Investment Funds Institute of Canada, net sales of mutual funds for the month fell somewhere in the range of $57 million to […]

By Steven Lamb |May 2, 2008

2 min read

Decorative pattern

On The Shelf:

(May 1, 2008) If your client has some U.S. greenbacks lying around, you might consider putting them into RBC’s new American dollar, high-interest online personal savings account. The new web-based account offers an introductory rate of 1.5% based on current short-term interest rates in the U.S. There’s no minimum monthly balance required, and Canadians get […]

By Staff |May 1, 2008

2 min read

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