Industry

Mutual fund corporate class structures – a valuable addition to your investment bag of tricks Fallback Image Decorative pattern

Industry

Mutual fund corporate class structures – a valuable addition to your investment bag of tricks

A recent trend with Canada’s mutual fund industry is the growing availability of a class of mutual fund shares known as mutual fund corporate class structures. Interest in these funds is largely based on their ability to provide investors with the ability to "switch" between different funds without triggering tax in non-registered accounts. To fully […]

By Staff |March 2, 2004

3 min read

Bank of Canada cuts rates again Fallback Image Decorative pattern

Industry

Bank of Canada cuts rates again

(March 2, 2004) The Bank of Canada lived up to expectations and cut its target for the overnight rate by 25 basis points, taking the trend-setting rate to 2.25%. The bank justified the rate cut by pointing to the January Consumer Price Index, which came in “significantly below the 2 per cent inflation target.” This […]

By Staff |March 2, 2004

2 min read

Fab February for funds Fallback Image Decorative pattern

Industry

Fab February for funds

(March 2, 2004) After a weak RRSP season last year, Canada’s mutual fund industry has returned to its traditionally strong February showing. Net sales are expected to be around $5 billion, IFIC says in its monthly preliminary estimate, more than 10 times higher than February 2003. Combined with January’s $1.8 billion, total sales for this […]

By Doug Watt |March 2, 2004

2 min read

Briefly: Fallback Image Decorative pattern

Industry

Briefly:

(March 5, 2004) Standard Life Mutual Funds is reiterating its decision to close only the deferred sales charge option of its Natural Resource, Global Science and Technology, and Global Balanced RSP funds, which were closed to new purchases on March 2, 2004. These funds will be terminated completely on or about May 21, 2004. • […]

By Staff |March 1, 2004

8 min read