Industry News

Decorative pattern

Banks segmenting client base, report suggests

If you think retail banks are impersonal now, just wait. According to the 2006 World Retail Banking Report by Capgemini, banks plan to leverage their various channels to better reach clients, largely at the expense of the one-on-one experience, at least for those at the lower end of the income ladder. And clients apparently prefer […]

By Mark Brown |May 24, 2006

3 min read

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Briefly:

(May 23, 2006) Sarbit Asset Management has introduced its second product offering — the Sarbit Total Performance Trust, described by the Winnipeg-based company as an “open mandate investment product.” “The fund can invest in any country, in any market capitalization, and in any type of debt instrument,” Sarbit said in a statement. “The fund will […]

By Staff |May 23, 2006

4 min read

Decorative pattern

Three arguments for diversification

The group of voices calling on Canadian investors to diversify their assets is getting louder and more insistent. Good planners already know the value of diversification and have more than likely recognized the risks of continuing to ride the Canadian performance wave, but some clients might need a good argument or two to shake the […]

By Kate McCaffery |May 23, 2006

4 min read

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Briefly:

(May 19, 2006) The C.D. Howe Institute’s Monetary Policy Council is calling on the Bank of Canada to raise its trend setting interest rate target to 4.25% when the board of governors meets on Wednesday. The decision to make the call was close, however, with just six of the 11 council members making the recommendation, […]

By Staff |May 19, 2006

4 min read

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IDA grapples with name game

Tried calling the IDA lately? Since the announcement of the proposed merger between Market Regulation Services (RS) and the Investment Dealers Association, the brokerage industry regulator’s name change and the re-branding of the spun-off trade association have been put on hold. Let’s imagine the calls they could get: Caller: Hello, is this the IDA? IDA: […]

By Mark Brown |May 19, 2006

3 min read

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Getting the most out of conference season

May 30-31: IFB Spring Summit, Toronto www.ifbc.ca May 28-31: CIFPs national conference, Vancouver www.cifps.ca May 28-31: CIFPs national conference, Vancouver www.cifps.ca May 30-31: IFB Spring Summit, Toronto www.ifbc.ca June 7: Morningstar Investment Conference, Toronto www.morningstar.ca June 8-9: Changing Channel: The Next Generation of Managing General Agencies, Collingwood, ON www.advisorlive.ca June 14-17: Advocis national conference, Victoria, […]

By Al Emid |May 19, 2006

3 min read

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Briefly:

(May 18, 2006) The majority of actively managed mutual funds continued to underperform the standard benchmark indices through the first quarter of the year, according to the latest Standard & Poors Indices Versus Active Funds (SPIVA) Scorecard. According to the index creator, the S&P/TSX Composite index outperformed 69.8% of Canadian equity funds, while the S&P […]

By Staff |May 18, 2006

3 min read

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Housing costs rising faster than incomes

Despite the fact home values have dramatically increased your clients’ net worth, they may be feeling a little strapped for cash lately, as the costs associated with home ownership have risen faster than incomes. That’s the conclusion of an RBC Economics study on housing affordability. “The cost of homeownership in Canada, including financing, utilities and […]

By Steven Lamb |May 18, 2006

2 min read

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CI board rubber stamps income trust conversion

(May 18, 2006) CI Financial’s board of directors has unanimously approved a plan to convert the mutual fund company into an income trust. Shareholders will vote on the proposal next month. Under the proposed structure, CI shareholders will be entitled to receive either one unit of the fund, or a combination of Class B limited […]

By Doug Watt |May 18, 2006

2 min read

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Briefly:

(May 17, 2006) Concerns about slower global growth, higher core inflation and rising worldwide interest rates are on the rise among fund managers surveyed by the Merrill Lynch Global Securities Research and Economics Group. The May survey of 204 fund managers found that 14% say they expect the global economy to deteriorate over the next […]

By Staff |May 17, 2006

4 min read

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