Industry News

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Industry

Investors flock to banks’ income offerings

(May 11, 2005) Investors continued on their conservative course over the 2005 RRSP season, pouring cash into income-oriented mutual funds and largely preferring the big banks’ offerings, according to industry consulting firm Investor Economics. A single fund has accounted for more than 10% of net fund flows in the first quarter of 2005, as the […]

By Steven Lamb |May 11, 2005

2 min read

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Industry

Sun Life AGM: Advisors may face worried policyholders

(May 11, 2005) Financial advisors may receive some worried telephone calls from policyholders over the next few weeks as a result of remarks at today’s Sun Life Financial Services annual meeting. In one of his 10 proposals, all of them rejected, shareholder activist Robert Verdun alleged that the Office of the Superintendent of Financial Institutions […]

By Al Emid |May 11, 2005

3 min read

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Industry

Turning around performance

(May 10, 2005) Eng Hock Ong admits he has his work cut out for him. The Asian equity manager is charged with improving performance on the AGF Asian Growth Class fund in markets that are not wildly popular with Canadian investors these days. One of his key strategies is to position the fund to benefit […]

By Kate McCaffery |May 10, 2005

3 min read

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Industry

Brown: You can’t sell what you can’t understand

(May 10, 2005) In one of his last addresses to the investment community before leaving his position as OSC chair, David Brown told the Toronto CFA Society that advisors should be held accountable for any inappropriate investments made by clients they referred to the firm. “There may well be some issues to address in relation […]

By Steven Lamb |May 10, 2005

3 min read