Mutual funds

Long-term benefits seen in Mid-East unrest Fallback Image Decorative pattern

Market Insights

Long-term benefits seen in Mid-East unrest

Civil unrest continues to roll across the Middle East and North Africa, shaking investor confidence both for the impact on the Arab world and the global energy markets. The Gulf Cooperation Council has unveiled what has been dubbed “the Arab Marshall Plan” which will deliver $20 billion over ten years to Oman and Bahrain, two […]

By Steven Lamb |March 11, 2011

3 min read

Dundee acquisition completed, shares to delist Fallback Image Decorative pattern

Industry

Dundee acquisition completed, shares to delist

Scotiabank announced today that it has acquired the remaining 4 million common shares of DundeeWealth (representing 3.27% of the issued and outstanding common shares) that were not tendered to Scotiabank’s purchase offer, which expired at 12:01 a.m. ET on February 1, 2011. As a result of the completion of the Compulsory Acquisition, Scotiabank now owns […]

By Staff |March 9, 2011

1 min read

Scotia to merge fund team with Goodman & Co. Fallback Image Decorative pattern

Industry

Scotia to merge fund team with Goodman & Co.

Scotia Asset Management has announced an overhaul for the management of several mutual funds, naming Goodman & Company, Investment Counsel Ltd. as sub advisor or portfolio manager. “We are pleased to expand our working relationship with the world class group of investment managers at Goodman & Company, Investment Counsel Ltd.”, said Glen Gowland, president and […]

By Staff |March 7, 2011

2 min read

Risk rating lowers for emerging markets Fallback Image Decorative pattern

Market Insights

Risk rating lowers for emerging markets

Increased confidence in emerging market investments was underlined today by Excel Funds Management’s announcement that it has reduced the investment risk rating for two of its newest funds. Bhim D. Asdhir, president and CEO of Excel Funds Management, explained that the change “recognizes the fact that the ratings of emerging market sovereign and corporate debt […]

By Staff |March 7, 2011

2 min read