News and resources for Canada's top financial advisors
BluMont Capital has announced a plan to merge BluMont Core Hedge Fund with Exemplar Market Neutral Portfolio, a class of shares of Exemplar Portfolios Ltd. BluMont says the merger would benefit investors because the Market Neutral Portfolio will provide daily liquidity and lower minimum purchase amounts. It also offers lower management fees and tax-free switching […]
By Staff |April 15, 2011
1 min read
The Canadian Securities Administrators have updated the regulatory framework for firms and individuals who deal in securities, provide investment advice or manage investment funds. The revised rules codify current exemption orders and frequently asked questions, provide new filing timelines, refine certain exemptions, and provide extended transition periods in respect of certain requirements. New guidance and […]
By Staff |April 15, 2011
1 min read
Canadian mutual funds continued a strong sales streak in March, despite the closing of the 2010 RRSP contribution window, according to data collected by the Investment Funds Institute of Canada. Total net fund sales tallied $3.72 billion, marking the third consecutive month of sales above $3 billion. Net sales were down from $5.87 billion in […]
By Staff |April 15, 2011
2 min read
The number of complaints filed with the Ombudsman for Banking Services and Investments (OBSI) declined in the first quarter of its fiscal year The ombudsman’s office opened 237 cases in total, down 9% from the 261 it opened in the final quarter of 2010, and a staggering 21% lower than the 301 cases opened in […]
By Staff |April 15, 2011
1 min read
AlphaNorth Asset Management has announced that the AlphaNorth Partners Fund will implement limitations to new investors. Purchases of the fund’s Class A and Class D shares will be limited to existing investors beginning on July 1st, 2011. The last date for subscription by new investors on the current terms will be June 30th, 2011. “It […]
By Staff |April 14, 2011
1 min read
Canadian financial advisors appear to be bracing for inflation, expressing bullish sentiment toward precious metals and the broad stock markets. But there is one notable exception to the inflation-fighting mood. The outlook for gold stocks has improved, with 51% now bullish on the S&P/TSX Global Gold Index, up from just 38% in the Q1 Survey. […]
By Staff |April 14, 2011
2 min read
Expanding the Canada Pension Plan is a risky proposition that could actually hinder the plan’s performance, according to study released by the Fraser Institute, Canada’s leading public policy think tank. “The Canada Pension Plan is already so large that any expansion of the plan will increase the risk that the manager of the plan’s assets, […]
By Staff |April 14, 2011
1 min read
Sun Life Financial and CI Investments have added several new investment options to the SunWise Essential Series lineup, including mandates from Sun Life Global Investments and CI Investments. “Creating secure income for their retirement years is a high priority for Canadians,” said Kevin Dougherty, president, Sun Life Financial Canada. “The additions to the SunWise Essential […]
By Staff |April 13, 2011
2 min read
The past few trading sessions have demonstrated the dangers of being too concentrated in the commodity-heavy TSX. While global growth is expected to continue, demand for metals and energy has a tendency to fall off when there’s a whiff of inflation. The commodity play has been extremely lucrative for Canadian investors for the better part […]
By Staff |April 13, 2011
3 min read
Institutional money managers are bracing for rough times over the coming six months, according to a new survey by Northern Trust. Seventy percent of managers expect inflation to rise, while 62% see increased market volatility as measured by the VIX Index. The survey found that 36% of managers are more risk averse, up from 20% […]
By Staff |April 13, 2011
2 min read
Notifications