Industry News

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U.S. moves forward on mutual fund fee disclosure

(July 29, 2003) U.S. mutual fund fees would become more transparent under a new bill proposed by the House of Representatives. The new law would require disclosure — in dollar amounts — of all mutual fund operating expenses borne by investors, says Paul Roye, director of the U.S. Securities and Exchange Commission’s (SEC) investment management […]

By Doug Watt |July 29, 2003

2 min read

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Briefly:

(August 1, 2003) Provinces that rely on manufacturing are facing an economic downturn, but resource-based economies should perform well, according to the Conference Board of Canada. Fortunately, though, the think-tank says the downturn should only last into next year. “Sluggish U.S. economic performance and the soaring Canadian dollar will hurt exports throughout the summer, which […]

By Staff |July 28, 2003

4 min read

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Investment managers must take proxy voting seriously, lawyer says

(July 28, 2003) Mutual fund and pension managers who do not take proxy voting seriously could be risking a lawsuit, delegates attending a compliance conference in Toronto were warned last week. Stephen Erlichman, a senior partner at law firm Fasken Martineau, admits it might be difficult to prove that an investment manager has breached his […]

By Doug Watt |July 28, 2003

3 min read

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Helping clients tackle rising debt

(July 28, 2003) Canadians may be in for a shock if interest rates were to rise suddenly, according to Myron Knodel, manager of tax and estate planning at Investors Group. “We have a lot of baby-boomers who are nearing retirement age and you’d think that we’d be getting to a point where a lot of […]

By Steven Lamb |July 28, 2003

4 min read

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CI debate flares up again in the Talvest Town Hall

(July 25, 2003) The Talvest Town Hall was home to continued debate over the merits of critical illness insurance. After almost a month of silence on the issue, CI suddenly became the hot topic for debate again. Several postings claimed that CI was little more than a premium grab since it was too difficult to […]

By Steven Lamb |July 25, 2003

3 min read

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Quebec to create independent securities adjudicator

(July 24, 2003) In an effort to alleviate conflict of interest concerns, Quebec is setting up an independent adjudicator for the province’s securities industry. The securities decision and revision office will exercise powers provided under Quebec’s securities act, says Jean Lorrain, director of market intermediary oversight at the Commission des valeurs mobilières du Québec (CVMQ). […]

By Doug Watt |July 24, 2003

2 min read

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Pitching optimism: Fund company says stocks looking better

(July 24, 2003) The equity markets are primed for growth and anyone left behind in fixed income are likely to get burned, according to the optimists at Franklin Templeton Investments. “There’s a lot of cash on the sidelines, which to me makes it very bullish, because that cash will find its way into permanent investments,” […]

By Steven Lamb |July 24, 2003

3 min read

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Wealthy Canadians

(July 23, 2003) If you’ve ever found that your affluent clients were more nervous about investing, it could be they think they’re poorer than they are. American Express recently released the results of a study that examined Canadian perceptions of wealth and attitudes toward lifestyle: the findings might surprise their advisors. Having surveyed 1,000 Canadians, […]

By Steven Lamb |July 23, 2003

2 min read

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Passport model gaining momentum in regulatory reform race

(July 22, 2003) You could hardly call it a race, but among the myriad proposals to reform Canada’s securities regulation system, the passport model seems to be today’s front-runner. Last week, provincial finance ministers agreed to begin work on the system, and yesterday, the British Columbia Securities Commission (BCSC) strongly endorsed the model, calling it […]

By Doug Watt |July 22, 2003

3 min read

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The conference collection: Everything you missed from this summer’s biggest educational events

(July 2003) Were you too short on time or travel money to make it to at least one of this summer’s premier educational conferences? Fear not, because from the Advocis conference in St. John’s, Newfoundland, to the Million Dollar Round Table annual meeting in Las Vegas, Advisor.ca was there on your behalf to report on […]

By Staff |July 22, 2003

2 min read

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