Industry News

Put investments pros on corporate boards: AIMR

(May 14, 2003) Corporate boards of directors have few investment professionals, such as analysts or fund managers on them. Boosting their presence could make boards more investor-focused argues the Association for Investment Management and Research (AIMR), which awards the chartered financial analyst designation. In 2003, AIMR found only 11% of board directors at major companies […]

By Scot Blythe |May 14, 2003

2 min read

Industry

Road to recovery?: Mutual fund performance turns positive

(May 14, 2003) In a dramatic reversal, 90% of Canadian mutual funds posted positive returns in April as war worries receded and corporations reported strong quarterly earnings. The performance numbers, released today by Morningstar Canada, show a marked improvement from the first quarter of the year, when 91% of funds were in the red. “The […]

By Doug Watt |May 14, 2003

2 min read

Industry

Lawyer raises red flag over leveraging

(May 13, 2003) Borrowing to invest has become common practice in the mutual fund industry, but lawyers say the leveraging strategy can be fraught with danger for both advisors and their clients, particularly in a bear market environment. “Leveraging is like the iceberg that hit the Titanic,” said Jim Douglas, a partner with Borden Ladner […]

By Doug Watt |May 13, 2003

3 min read

Industry

Despite high-profile shifts, fund sub-advisors hold steady

(May 12, 2003) Mutual fund manufacturers moved more fund management in-house and cut their ties to sub-advisors in 2002. It’s not just mutual fund managers who are seeking more control of asset management. Segregated funds operated by the insurance companies are following the same route. Despite the dip, however, sub-advisors are holding their ground, in […]

By Scot Blythe |May 12, 2003

5 min read