Industry News

Mutual fund sales take April hit as investors ditch money market funds

Road to recovery?: Mutual fund performance turns positive Seeing red: March fund sales drop again after brief recovery in February Mutual funds falling out of favour, survey suggests Combatting uncertainty: Five essential tools to ease client anxiety now Bear necessities: Preserving your clients’ wealth in down markets So where is the money going? CIBC World […]

By Doug Watt |May 15, 2003

2 min read

Industry

Road to recovery?: Mutual fund performance turns positive

(May 14, 2003) In a dramatic reversal, 90% of Canadian mutual funds posted positive returns in April as war worries receded and corporations reported strong quarterly earnings. The performance numbers, released today by Morningstar Canada, show a marked improvement from the first quarter of the year, when 91% of funds were in the red. “The […]

By Doug Watt |May 14, 2003

2 min read

Industry

Count on accountants when building your high-net-worth client base

(May 14, 2003) Want to develop your high-net-worth (HNW) client base fast? “A lot of people don’t have 30 years to build a relationship with [someone like] Ted Rogers,” says Kurt Rosentreter, so he recommends spending $10,000 a year on two accountants, an investment that will net you more wealthy clients “than you will ever […]

By Donna Green |May 14, 2003

3 min read

Industry

Life agents ponder exclusive association

(May 14, 2003) It’s still very much in the start-up stage, but a number of high-profile life insurance agents are discussing the creation of a new insurance-specific professional association, tentatively known as the Federation of Life Insurance Advisors (FLIA). The move comes amid charges that Advocis is not effectively representing the insurance side of the […]

By Doug Watt |May 14, 2003

3 min read