Industry News

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Shannon leaves CI for Brandes

CI Financial is losing one of its star fund managers. Late Tuesday, the firm was informed that Kim Shannon, president of Sionna Investment Managers, is terminating her contract with CI. Shannon was responsible for more than $7 billion in assets at CI as lead portfolio manager of CI Canadian Investment Fund, CI Canadian Investment Corporate […]

By Staff |October 4, 2006

2 min read

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(October 4, 2006) Howard Atkinson, well-known for his work promoting exchange-traded funds for Barclays Global Investors Canada, is moving on, taking an executive position with BetaPro. BetaPro, a division of Jovian Capital, runs 14 “bull and bear” mutual funds, designed to profit when the market is rising or falling. “We are very proud to welcome […]

By Staff |October 4, 2006

3 min read

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Pension stability improving, regulator says

The number of federally registered private pension plans reporting a deficit appears to have “stabilized,” but the Office of the Superintendent of Financial Institutions warns in its annual report that the situation remains fragile. In the 92-page report, OSFI say it is watching a “handful” of the 1,300 plans it supervises that have a funding […]

By Mark Brown |October 4, 2006

2 min read

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Investment world paying closer attention to climate change

An increasing number of institutional investors, pension funds, asset management firms, banks and insurance companies are joining the camp of investors who think greenhouse gas emissions and climate changes pose risks to company valuations. Many of these institutions say they want to more accurately assess their exposure to such issues. Most recently, 225 signatories, representing […]

By Kate McCaffery |October 4, 2006

4 min read

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Investment quiz for clients and prospects

For more great content from Fidelity, please visit our Advisor Center exclusively on Advisor.ca This investment quiz helps investors evaluate their investment knowledge and may help them learn a few things along the way, including the key role a financial advisor can play. Pass it on to clients or prospects today October 2006

By Staff |October 3, 2006

1 min read

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Ethically speaking: Unconsenting adults

(October 2006) We asked FCSI designees from coast-to-coast to respond to your ethical conundrums — everything from culling clients, to specific fund recommendation and a host of suitability issues. In this month’s column hear what FCSI Catherine Johnston suggests for an advisor who is dealing with a less-than-ethical client spouse. You wanted to know… A […]

By Staff |October 3, 2006

4 min read

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(October 3, 2006) Manulife Investments has announced a new product which the company says mimics a U.S. variable annuity. Income Plus will provide a guaranteed minimum withdrawal benefit, said Roy Firth, executive vice-president at Manulife Financial, at a news conference in Toronto. Firth notes over 80% of variable annuities’ growth in the U.S. is due […]

By Staff |October 3, 2006

3 min read

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Fund performance turns around

In sharp contrast to mutual fund returns reported in Q2 of 2006, when all but three fund indices were in the red, preliminary data on investment fund performance released by Morningstar Canada Tuesday shows that 25 of the company’s fund indices posted gains for the three-month period ending September 30. Financial services, emerging markets and […]

By Kate McCaffery |October 3, 2006

3 min read

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(October 2, 2006) RBC Asset Management is closing the RBC O’Shaughnessy Canadian equity fund to new purchases as of January 18, 2007.. The decision comes as the fund approaches $2 billion in assets. The bank says that capping the fund will provide it the best opportunity for continued success in its investment approach. The change […]

By Staff |October 2, 2006

3 min read

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Working group looks at longer RRSP window

IFIC’s tax working group is considering lobbying the Department of Finance to move the RRSP contribution deadline to April in order to bring it closer to the filing date for tax returns, which is normally April 30 for individual taxpayers and June 15 for those who are self-employed. Currently, to be tax deductible, RRSP contributions […]

By Philip Porado |October 2, 2006

2 min read

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