Mutual funds

Decorative pattern

European equity funds surge

Solid returns on the major European stock and a depreciating Canadian dollar made investment funds in the European Equity category the best performers in Canada last month. Other foreign equity fund categories also gained in April, while domestic equity funds struggled and ended the month in the red, according to a Morningstar Canada report. Of […]

By John Powell |May 3, 2011

1 min read

Decorative pattern

CI replaces Legg Mason, Trilogy

CI Investments announced several portfolio management changes late on Friday, affecting a number of global equity, balanced and income mutual funds. With the changes announced today, CI is ending its portfolio management relationships with Legg Mason Capital Management and Trilogy Global Advisors. The portfolio management changes will indirectly affect a number of segregated funds that […]

By Staff |May 2, 2011

2 min read

Decorative pattern

RBC GAM closing two global sector funds

RBC Global Asset Management announced today the upcoming closure of the RBC Global Consumer and Financials Fund and the RBC Global Health Sciences Fund effective end of day June 27, 2011. The funds will be closed to new purchases effective end of day June 20, 2011. The funds’ low levels of assets have presented challenges […]

By Staff |April 29, 2011

1 min read

Decorative pattern

Sun Life rolls out three new mutual funds

Sun Life Global Investments Inc. has added three new Canadian mutual funds to its lineup, each with a “core Canadian” holding with a global component aimed at countering home country bias. “Many Canadians have a strong home country bias when it comes to investing, however, our market is highly concentrated in just three sectors: materials, […]

By Staff |April 27, 2011

1 min read

Decorative pattern

Market Insights

BMO changes portfolio management

BMO Investments has announced changes to the portfolio managers for BMO Asset Allocation Fund. Effective on or about April 15th, 2011, Harris Investment Management, Inc. and Martin Currie Inc. will no longer act as portfolio managers of the foreign securities equity component of the fund. BMO Asset Management Inc. will assume this responsibility. As a […]

By Staff |April 20, 2011

1 min read

Decorative pattern

NEI to streamline shelf

NEI Investments has proposed a handful of fund mergers which would result in the termination of three funds. The plan would see the end of the Credential EnRich Canadian Equity Pool, Credential EnRich US Equity Pool and Credential EnRich International Equity Pool, with assets merged into the Ethical Canadian Dividend Fund, Ethical American Multi-Strategy Fund […]

By Staff |April 18, 2011

1 min read

Decorative pattern

Market Insights

Fund sales remain strong in March

Canadian mutual funds continued a strong sales streak in March, despite the closing of the 2010 RRSP contribution window, according to data collected by the Investment Funds Institute of Canada. Total net fund sales tallied $3.72 billion, marking the third consecutive month of sales above $3 billion. Net sales were down from $5.87 billion in […]

By Staff |April 15, 2011

2 min read

Decorative pattern

Matrix proposes fund mergers

Matrix Funds Management has announced plans to terminate three of its funds, merging their assets into similar mandates. Under the proposals, the following mergers would take place: The proposed mergers are subject to the receipt of all necessary unitholder and regulatory approvals as well as the approval of the Independent Review Committee. Details of the […]

By Staff |April 14, 2011

1 min read

Decorative pattern

AGF seeks Acuity fund mergers

AGF Investments has called special investor meetings to seek approval for mergers between the core AGF funds and overlapping Acuity funds. AGF sealed the Acuity purchase in February, and there was some speculation that the SRI-focused Acuity might disappear within the larger firm. So far, that does not seem to be the case. “The majority […]

By Staff |April 13, 2011

2 min read

Decorative pattern

Market Insights

New blood heading Fidelity funds

Fidelity Investments Canada ULC today announced that Derek Young, long-time Fidelity portfolio manager and chief investment officer of the Global Asset Allocation Group for Fidelity in the U.S., will be assuming the role of co-lead of the Fidelity Canadian Asset Allocation team, which manages the Fidelity Canadian Asset Allocation Fund, Fidelity Dividend Fund, Fidelity Income […]

By Staff |April 5, 2011

1 min read

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