Industry News

Investors not cashing in on mutual funds’ gains, report says

(November 27, 2002) Mutual fund performance rates can be a useful tool when choosing investment products for clients, but those impressive long-term rates are elusive for the majority of Canadians who just don’t buy and hold, a study suggests. Only 6% of those invested in Canada’s 100 largest mutual funds managed to match or outperform […]

By Doug Watt |November 27, 2002

2 min read

Industry

Ontario government freezes proposed pension surplus rules

(November 27, 2002) It appears the Ontario government has done an about-face with respect to pension surplus distribution, announcing that it has frozen legislation that would have amended the Pension Benefits Act. The announcement came last week, shortly after the Ontario Court of Appeal released its decision in the Monsanto case, a ruling that effectively […]

By Anna Sharratt |November 27, 2002

3 min read

Industry

Mutual funds to lose asset share to alternative products, managed accounts

(November 27, 2002) Emerging so-called “open-architecture” portfolio platforms will feed the demand for alternative investment products at the expense of mutual funds, especially among wealthy investors, according to the research firm FRC of Boston. The open-architecture platform focuses on the combined collection of products (the portfolio) rather than individual products themselves. It’s less about buying […]

By Jim MacDonald |November 27, 2002

3 min read

Industry

RRSP contribution levels expected to remain steady despite stock slide

(November 26, 2002) Canadians are worried about the bear market but still plan to contribute at least as much as last year to their RRSPs, a poll released today suggests. The Decima Research survey, conducted for Investors Group, found that 62% of investors are less enthusiastic about investing in the markets than they were 12 […]

By Doug Watt |November 26, 2002

3 min read