Industry News

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Ethical calls for mandatory proxy disclosure

(July 28, 2004) Mutual fund companies have a fiduciary obligation to disclose their proxy voting record to investors as a means to preventing corporate malfeasance, according to The Ethical Funds Company. The company, which made its name — literally — on socially responsible investing (SRI), is calling on securities regulators to make such disclosure a […]

By Staff |July 28, 2004

3 min read

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Venture capitalists itching to invest

(July 27, 2004) Canadian venture capitalists (VCs) and private equity investors are eager to deploy their cash, if they can just find a promising business opportunity to fund, according to Deloitte’s Canadian Private Equity Outlook survey. The industry as a whole is flush with cash, following a period of slim pickings for quality investment opportunities […]

By Steven Lamb |July 27, 2004

3 min read

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IFIC responds to rumours of OSC charges

(July 26, 2004) If the Ontario Securities Commission is planning on laying any charges in its probe of the mutual fund industry, it hasn’t mentioned it to the Investment Funds Institute of Canada (IFIC), according to the fund industry’s trade association. A report published in Friday’s National Post indicated the OSC was on the verge […]

By Steven Lamb |July 26, 2004

1 min read

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Fair dealing’s advisor committee takes summer break

(July 26, 2004) When the Ontario Securities Commission released its fair dealing model earlier this year, it also set up six industry working groups to work through the concept paper. Toronto advisor John De Goey gave Advisor.ca an inside look at the advisor transition committee, which is currently on a summer hiatus. “Our committee talks […]

By Doug Watt |July 26, 2004

3 min read

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Briefly:

(July 30, 2004) Sun Life Financial has reported quarterly earnings of $438 million, up from $366 million for the second quarter of 2003. Earnings per share were up 22% to 73 cents for the quarter and return on equity (ROE) increased to 12% from 10.%. “We are pleased with the overall results and the positive […]

By Staff |July 26, 2004

5 min read

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Beer merger could benefit funds, says Morningstar

(July 23, 2004) The proposed merger of Molson and Coors could boost the fortunes of mutual funds that invest in the two beer companies, says Morningstar Canada. Several Canadian mutual funds have substantial holdings in Molson’s shares including Trimark Canadian Endeavour (5.4% of assets), Trimark Enterprise (4.2%), Clarica Canadian Large Cap Value (4.2%), Northwest Canadian […]

By Doug Watt |July 23, 2004

2 min read

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Templeton outlook: Tempered optimism

(July 23, 2004) While it is tempting to think the heady days of the late 1990s have returned, investors need to realize that 2003 was an extraordinary year for North American equity markets, according to a panel of fund managers assembled for Franklin Templeton’s annual Outlook and Opportunities Forum in Toronto this week. “My message […]

By Steven Lamb |July 23, 2004

4 min read

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Central bank sticks with growth forecast

(July 22, 2004) The Canadian economy likely grew by about 3.25% in the first half of the year, the Bank of Canada said today in its latest monetary policy update. That’s slightly higher than the central bank projected in April, when it estimated growth of 2.75%. The bank credits stronger foreign and domestic demand for […]

By Doug Watt |July 22, 2004

2 min read

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China still offers long-term opportunity, says Mobius

(July 22, 2004) Despite the recent slowdown in the Chinese economy, the country remains attractive as a long-term growth opportunity, according to Dr. Mark Mobius, speaking today at the annual Franklin Templeton Outlook & Opportunities Forum in Toronto. “China’s unprecedented growth has led to new investment opportunities, in both the young urbanized internal economy and […]

By Steven Lamb |July 22, 2004

3 min read

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More value in Europe than Asia: Fund manager

(July 21, 2004) Investors seeking good value in today’s stock markets should cast an eye to Europe and the U.S., according to the manager of the AGF International Value Fund. “After a number of years of global disappointment, of global recession, we really are in a period right now when everything is starting to move […]

By Steven Lamb |July 21, 2004

4 min read

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