Industry News

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Funds roughed up in April: Morningstar

(May 4, 2004) April was a rough month for Canadian mutual fund investors, after shocks at home and abroad sent several key investments spiraling lower, according to early data from Morningstar Canada. Fund performance was mostly weak for the month, with 22 of the fund monitor’s 32 indices posting a loss on the month, but […]

By Steven Lamb |May 4, 2004

2 min read

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Advisor’s Edge offers tips on catching

(May 4, 2004) When you’re tracking big game, sometimes you have to beat the bushes to find your quarry. The same approach might apply in finding high net worth (HNW) clients — they’re seldom sitting out in the open waiting for you to find them. “Our cover story looks at finding ‘hidden millionaires,'” says Deanne […]

By Steven Lamb |May 4, 2004

3 min read

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Winning streak continues for fund sales

(May 4, 2004) The mutual fund industry enjoyed another positive month in April, generating $1.3 billion in net sales, according to preliminary estimates released today by IFIC. That’s the first time in three years April’s numbers have been on the plus side, notes IFIC president Tom Hockin. “This is the seventh consecutive month of positive […]

By Doug Watt |May 4, 2004

1 min read

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Briefly:

(May 7, 2004) Quebec has announced the creation of a $14.6 million investor education fund. The money will be used to support the principles of investor protection, good governance and investor education, says Quebec’s financial services regulator, the Autorité des marchés financiers (AMF). Similar to Ontario’s model, funding comes from fees and administrative penalties collected […]

By Staff |May 3, 2004

6 min read

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Stars secure sales, says fund researcher

(May 3, 2004) Mutual funds rated highly under Morningstar Canada’s star system are also dominating sales, says research group Investor Economics. Funds with four- or five-star rankings accounted for 54% of gross sales in the first three months of 2004, Investor Economics says in its monthly Insight report. The sales figures are more impressive when […]

By Doug Watt |May 3, 2004

1 min read

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AIM Trimark reshuffles as Kanko departs

(May 3, 2004) Veteran fund manager Bill Kanko has resigned from AIM Trimark, a move that will affect two of the company’s largest funds. Kanko was the lead manager on the $3 billion Trimark Fund and the $6 billion Trimark Select Growth Fund. “While I’ve decided to take some time off before pursuing the next […]

By Doug Watt |May 3, 2004

2 min read

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Advisors not planning on lazy summer

(April 30, 2004) Ah, summertime — when the living is easy. There’s nothing quite like settling in at the cottage and reviewing your business. According to a survey conducted by The ADVISOR Group, financial advisors appear to be set for a summer of hard work, reviewing portfolios and prospecting for clients. The top priority for […]

By Steven Lamb |April 30, 2004

2 min read

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IQON advisors anxious about Assante

(April 30, 2004) CI Fund Management’s acquisition of IQON Financial is causing anxiety among some IQON advisors, who worry about their new affiliation with Assante. CI announced yesterday it had purchased both IQON and Synera Financial from Sun Life Financial for $38.5 million, adding 570 advisors to the CI family. CI bought Assante and its […]

By Doug Watt |April 30, 2004

3 min read

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IG unveils new structure, names CEO for fund unit

(April 30, 2004) A long-time Winnipegger was introduced as the new president and CEO of Investors Group today following the annual general meeting of its parent company. Murray Taylor, executive vice-president of the Winnipeg-based company for the past three years, takes over the top job of the mutual fund behemoth. IG currently leads all other […]

By Geoff Kirbyson |April 30, 2004

2 min read

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Your Guaranteed Investment Solutions

Franklin Templeton Investments in association with CIBC is pleased to announce two new solutions in the popular FULPAY series. Available until June 4, 2004 FULPAY PLUS Franklin Templeton Investments – Linked Deposit Notes, Series 3 The Best-of Strategy. Guaranteed. And FULPAY STAR Franklin Templeton Investments – Linked Deposit Notes, Series 1 Growth and Security. The […]

By Staff |April 30, 2004

2 min read

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