Mutual funds

Decorative pattern

Fundco consolidation plays close

A pair of high profile deals in the mutual fund industry closed today, with Scotiabank finalizing its acquisition of DundeeWealth, and AGF closing its deal to buy Acuity. Scotiabank announced that 118 million common shares – as well as all special shares, series C and first preference shares, series X – had been tendered to […]

By Steven Lamb |February 1, 2011

3 min read

Decorative pattern

Fund cost poll suggests Canadians need advice

A large number of Canadian investors appear oblivious to the costs associated with their mutual funds, according to a survey commissioned by ING DIRECT. The poll found that 45% of Canadians were unsure about the annual management expense they are pay on mutual funds. It should be noted, of course, that ING is a purveyor […]

By Steven Lamb |January 24, 2011

2 min read

Decorative pattern

Brigata raises MER cap, cuts trailer

Brigata Capital Management has adjusted the level of operating expenses of the Brigata Funds that will be absorbed by the firm, shifting up to an additional 10 basis points onto the investor. Commencing with the 2011 financial year, Brigata will cap the MER for each fund at 2.50% for series A (the previous cap had […]

By Staff |January 21, 2011

1 min read

Decorative pattern

Strong fund sales cap off 2010

Mutual funds sales for December – in fact, much of 2010 – were reminiscent of Goldilocks. Investors found some fund categories too hot for their liking (equity), while others were starting to cool off (fixed income). Great luck for balanced fund managers, as investors opted for the “just right” asset mix. “Long term fund sales […]

By Steven Lamb |January 17, 2011

2 min read

Decorative pattern

Invesco Trimark rolls out three new funds

Invesco Trimark has launched three new funds offering investors new ways to get exposure to the emerging markets and energy sector. The Invesco Emerging Markets Debt Fund invests primarily in local-currency-denominated debt issues of emerging market countries, an investment universe of over US$1 trillion. While most of these issues are rated as investment grade debt, […]

By Staff |January 12, 2011

1 min read

Decorative pattern

PIMCO comes to Canada

One of the world’s most recognized names in fixed income management has rolled out a suite of eight new mutual funds for the Canadian market. “We continue to expand the range of PIMCO’s investment management expertise available to Canadian investors and advisors,” said Ed Devlin, executive vice-president and head of Canadian portfolio management. “The funds […]

By Staff |January 11, 2011

2 min read

Decorative pattern

Fund sales end 2010 on a high note

Mutual fund sales finished 2010 on a strong note, with between $1.17 billion and $1.67 billion in net sales, according to preliminary estimates from the Investment Funds Institute of Canada. Total industry assets are estimated to have ended the year between $632.1 billion and $637.1 billion, up 2.4% from the end of November. Several companies […]

By Steven Lamb |January 6, 2011

2 min read

Decorative pattern

Resource focus paid off in 2010

Soaring commodity prices helped drive Canadian equity funds higher in 2010, marking a second consecutive year of gains, according to data from Morningstar Canada. In fact, all but two of Morningstar’s 44 fund categories ended the year with positive returns. The top performing fund category was the Precious Metals Equity Fund Index, which gained a […]

By Steven Lamb |January 5, 2011

2 min read

Decorative pattern

Record long-term fund inflows in November

Large balanced and bond fund inflows continue to carry the day for the Canadian mutual fund industry.

By Staff |December 16, 2010

1 min read

Decorative pattern

AGF, Acuity talking synergies

It may have come as a surprise to industry watchers, but to hear AGF president Blake Goldring and Acuity CEO Ian Ihnatowycz tell the story, a merger between the two Toronto-based mutual fund firms was only a matter of time.

By Doug Watt |December 9, 2010

3 min read

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