Mutual funds

Divesting a blue chip

Vancity’s decision to remove Enbridge from a pair of Inhance socially responsible (SRI) mutual funds came as a surprise, since divestment is relatively rare. But experts don’t expect an exodus from Enbridge.

By Doug Watt |November 13, 2012

3 min read

Industry

Investors most confident in mutual funds

Investors are most confident that mutual funds will deliver returns (80%), followed by GICs (68%), bonds (59%) stocks (56%) and ETFs (31%), finds a Pollara survey for the Investment Funds Institute of Canada (IFIC). And the majority of mutual fund investors (81%) prefer receiving information on what to buy from their advisor. Read: What clients […]

By Staff |October 4, 2012

1 min read

Industry

B2B Bank launches dealer services

B2B Bank has launched its mutual fund and investment dealer services, B2B Bank Dealer Services, which provides investors, advisors and dealers with account administration, clearing and settlement services and reporting capabilities across registered and non-registered accounts. In addition, independent dealers can outsource many of their current back office functions. Read: B2B Trust converts to Bank […]

By Staff |September 11, 2012

2 min read

Industry

Changes to Dynamic Funds and Marquis Portfolios approved

The various operating expenses of a suite of Dynamic mutual funds and Marquis Investment Portfolios are being replaced with a single, fixed admin fee. Securityholders approved the plan recently. The funds and portfolios are managed by GCIC, a subsidiary of Dundee Wealth. The change to fixed administration fees will be effective September 1, 2012. Information […]

By Staff |August 22, 2012

3 min read

Manulife expands mutual fund offering

Manulife Mutual Funds has added Series T and Series IT to more funds within its mutual fund line-up, to provide investors with tax-efficient monthly cash flow. The company also added Series FT to all funds that already provide these options. Series FT was designed primarily for investors who have fee-based or wrap accounts. Overall, more […]

By Staff |August 13, 2012

1 min read

Canoe changes risk rating of 4 funds

Canoe Financial has changed the risk rating of the following funds: Canoe ‘GO CANADA!’ Bond Advantage Fund, Canoe ‘GO CANADA!’ Bond Advantage Class, Canoe ‘GO CANADA!’ Enhanced Income Fund, and Canoe ‘GO CANADA!’ Enhanced Income Class. The risk level of each has been adjusted from “low to medium” to “low.” No changes were made to […]

By Staff |August 9, 2012

1 min read

Invesco changes risk rating on 4 funds

Invesco Canada announced a change to the risk ratings of four of its mutual funds, effective today. The risk ratings of Trimark Global Endeavour Fund and Trimark Global Endeavour Class are changing from “medium to high” to “medium.” Read: Invesco to merge global funds Also, the risk ratings of PowerShares Tactical Bond Fund and PowerShares […]

By Staff |July 30, 2012

1 min read

Why use corporate-class funds?

I recently found out one of the largest advisory teams in the country isn’t offering mutual fund corporation structures, or corporate-class funds, to clients. Even though these structures are more tax-efficient, these advisors simply sell investments without considering tax planning.

2 min read

Investors pull $1.4 billion from mutual funds

Long-term mutual funds recorded outflows of $1.37 billion last week, as investors pulled out of hybrid and domestic stock funds, says the Investment Company Institute. While the funds had mostly seen inflows this year, cautious investors have continually yanked money from U.S. stock funds due to unsteady markets. Last week, the stock funds saw major […]

By Staff |June 14, 2012

1 min read