Industry News

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Low-MER investing picks up steam

R elated Stories Investors paying closer attention to fund fees, Maclean’s finds F-class funds more popular with brokers than independent advisors The price they pay (from the June 2003 edition of Advisor’s Edge) Independence daze (from the September 2003 edition of Advisor’s Edge) In keeping with its cost-minimization credo, Dimensional has opted to only deal […]

By Steven Lamb |May 7, 2004

3 min read

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B.C. regulator gets new powers

(May 6, 2004) The British Columbia Securities Commission (BCSC) will get tougher new enforcement powers under the province’s new securities act, introduced yesterday. If the legislation passes, the commission’s orders will carry the same weight as court orders, allowing the BCSC to compel witnesses to testify. In addition, the regulator will be able to levy […]

By Doug Watt |May 6, 2004

2 min read

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Morningstar conference update: Behavioural specialist explains why simple is best for investors

(May 6, 2004) Ena Garmaise has spent a good many years trying to perfect a fear barometer for Canadian investors. She wouldn’t call it that because there is nothing sci-fi about her work in behavioural finance or in the detailed questionnaires she designs for advisors. What she’s actually doing is giving advisors a tool to […]

By Donna Green |May 6, 2004

3 min read

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Dump dual-class share structures, says research group

(May 5, 2004) Public companies should be forced to adopt a “one-share, one-vote” ownership structure, says a report from a Vancouver-based shareholder research group. The not-for-profit Shareholder Association for Research and Education (SHARE) says dual-class and other similar share structures — which allow company founders to maintain control by permitting shares with multiple voting rights […]

By Doug Watt |May 5, 2004

2 min read

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Funds roughed up in April: Morningstar

(May 4, 2004) April was a rough month for Canadian mutual fund investors, after shocks at home and abroad sent several key investments spiraling lower, according to early data from Morningstar Canada. Fund performance was mostly weak for the month, with 22 of the fund monitor’s 32 indices posting a loss on the month, but […]

By Steven Lamb |May 4, 2004

2 min read

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Advisor’s Edge offers tips on catching

(May 4, 2004) When you’re tracking big game, sometimes you have to beat the bushes to find your quarry. The same approach might apply in finding high net worth (HNW) clients — they’re seldom sitting out in the open waiting for you to find them. “Our cover story looks at finding ‘hidden millionaires,'” says Deanne […]

By Steven Lamb |May 4, 2004

3 min read

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Winning streak continues for fund sales

(May 4, 2004) The mutual fund industry enjoyed another positive month in April, generating $1.3 billion in net sales, according to preliminary estimates released today by IFIC. That’s the first time in three years April’s numbers have been on the plus side, notes IFIC president Tom Hockin. “This is the seventh consecutive month of positive […]

By Doug Watt |May 4, 2004

1 min read

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Briefly:

(May 7, 2004) Quebec has announced the creation of a $14.6 million investor education fund. The money will be used to support the principles of investor protection, good governance and investor education, says Quebec’s financial services regulator, the Autorité des marchés financiers (AMF). Similar to Ontario’s model, funding comes from fees and administrative penalties collected […]

By Staff |May 3, 2004

6 min read

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Stars secure sales, says fund researcher

(May 3, 2004) Mutual funds rated highly under Morningstar Canada’s star system are also dominating sales, says research group Investor Economics. Funds with four- or five-star rankings accounted for 54% of gross sales in the first three months of 2004, Investor Economics says in its monthly Insight report. The sales figures are more impressive when […]

By Doug Watt |May 3, 2004

1 min read

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AIM Trimark reshuffles as Kanko departs

(May 3, 2004) Veteran fund manager Bill Kanko has resigned from AIM Trimark, a move that will affect two of the company’s largest funds. Kanko was the lead manager on the $3 billion Trimark Fund and the $6 billion Trimark Select Growth Fund. “While I’ve decided to take some time off before pursuing the next […]

By Doug Watt |May 3, 2004

2 min read

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