Industry News

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Falling loonie props up mutual fund returns

(May 3, 2005) Most foreign equity funds ended in positive territory in April, says Morningstar Canada, as the Canadian dollar lost ground against other world currencies. Still, it wasn’t a stellar month for fund performance in general, with 20 of Morningstar’s 32 fund categories ending in the black. “Canadians will no doubt be pleasantly surprised […]

By Doug Watt |May 3, 2005

2 min read

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Fund sales cooled off in April

(May 3, 2005) Mutual fund sales dropped sharply in April, following a strong RRSP season. According to preliminary estimates, sales will likely come in at around $600 million, IFIC says. “Typically, investors take a break after buying their RRSPs,” says IFIC president Tom Hockin, who announced plans to retire from the job last week. “The […]

By Doug Watt |May 3, 2005

1 min read

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Ethical leads annual social funds survey

(May 2, 2005) Ethical’s Special Equity and Canadian Dividend funds topped Corporate Knights magazine’s third annual survey of Canada’s socially responsible investment fund universe. The Ethical Dividend Fund scored 94 out of a possible 100 points, while the Special Equity product garnered 83 points. The Toronto-based magazine uses a number of factors to determine the […]

By Doug Watt |May 2, 2005

2 min read

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MERs on the decline, likely to fall further, study concludes

(May 2, 2005) Management expense ratios are falling, but as usual, the whole MER issue is as complicated and difficult to track as ever, according to Investor Economics. The declines are good news for investors, the fund researcher says, but the MER is also suffering erosion of its usefulness as a comparative tool due to […]

By Doug Watt |May 2, 2005

2 min read

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Briefly:

(May 6, 2005) The Manitoba Securities Commission has postponed today’s scheduled hearing on the Crocus Investment Fund until May 16. Earlier this week, the Winnipeg labour fund laid off nearly one dozen “non-essential” staff. Crocus halted trading in December 2004 and revalued the fund shares at the end of February. The Manitoba Securities Commission (MSC) […]

By Staff |May 2, 2005

10 min read

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Advisors unfairly targeted says Advocis chief

(April 29, 2005) Securities regulators are unfairly targeting advisors in the Portus Alternative Asset Management fiasco while shirking their own responsibility, and the national media coverage isn’t helping, according to the president and CEO of Advocis. “We take strong objection to the implication that advisors who referred their clients to Portus funds were only motivated […]

By Steven Lamb |April 29, 2005

4 min read

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Insurance agents seeking

(April 28, 2005) Insurance specialists are branching out — seeking a broader selection of investment products for their clients. That’s creating an opportunity for third-party fund providers in the insurance channel, but only top performers should apply, a study from Credo Consulting suggests. Credo polled executives at a number of Canada’s largest insurers for insights […]

By Doug Watt |April 28, 2005

2 min read

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Rate risks can be mitigated: Income managers

(April 28, 2005) The markets have been anticipating higher interest rates from the Bank of Canada for several months now, with rate sensitive sectors showing increased volatility as scheduled announcement dates near. Income investing has been all the rage since the technology meltdown at the turn of the millennium, so the threat of higher interest […]

By Steven Lamb |April 28, 2005

6 min read

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Should investors still get fired up about oil stocks?

When oil prices declined recently – and only briefly – some analysts believed that oil stocks would soon cease being worth getting fired up about. That was then, this is now – and crude oil prices continue to rise. This has, of course, boosted the shares of companies in the oil sector, which is still […]

By Staff |April 27, 2005

2 min read

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Housing bubble risks exaggerated: TD economist

(April 27, 2005) The housing market is on its way to experiencing one of the longest cyclical booms in recent history and the high levels of activity are prompting many to believe the sector is inflated and house prices are on the verge of collapse. Not true, say economists at the TD Bank Financial Group. […]

By Kate McCaffery |April 27, 2005

3 min read

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