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(October 15, 2003) Canadian mutual funds gave back some of the gains made in the past five months, as Morningstar Canada revealed that only 11 of 32 Morningstar Canada Fund Indices posted gains in September. Nearly 80% of the funds tracked by Morningstar remain in positive territory on a year-to-date basis, thanks in large part […]
By Steven Lamb |October 15, 2003
2 min read
(October 7, 2003) There is a kind of folklore to the modern history of investing. First, at least for private clients, there were the trust departments of the banks, through the 1930s to the 1950s and later, which invested money with the aim of making an actual return. They may have made money, but not […]
By Scot Blythe |October 7, 2003
5 min read
(September 26, 2003) Canada’s net worth moved higher in the second quarter, according to Statistics Canada, posting a gain of 1.3% to hit $3.9 trillion, or $129,000 per capita. National wealth grew at a slower rate, from 1.7% in the first quarter to 1.5% in the second, due to a sluggish economy, the agency said. […]
By Staff |September 29, 2003
6 min read
(October 2, 2003) BMO Investments Inc. has announced its intention to merge several of its funds and rename its “BMO Global Opportunities Class” as “BMO Global Equity Class,” pending regulatory and fundholder approval. Affected funds include BMO Far East Fund and BMO Latin American Fund which will be merged into BMO Emerging Markets Fund. BMO […]
Planning and Advice
(September 22, 2003) The NASDAQ index’s return between September 2002 and June 2003: 41.9%. A pretty big number, right? The S&P/TSX index turned in 13.3% and the S&P 500 index, 20.9% (all data in local currency) — equally impressive. It’s enough to push certain analysts into thinking that this rally has overshot and a correction […]
By Pierre Saint-Laurent |September 22, 2003
3 min read
By Staff |September 22, 2003
(September 15, 2003) Canadian investors continued to sock their savings away in mutual funds in August. For the second consecutive month, the fund industry enjoyed positive sales, according to the latest update from IFIC. Net sales topped $304 million last month, with an additional $294 million in distributions reinvested. In July, net sales reached $321 […]
By Steven Lamb |September 15, 2003
(August 19, 2003) While U.S. investors have felt a fiercer bear market than Canadians, they’ve also been quicker to grasp the stirrings of a bull, according to research compiled by Investor Economics. “U.S. long-term funds moved into the black this year while their Canadian peers have continued to suffer net redemptions,” Investor Economics says in […]
By Staff |August 19, 2003
(August 18, 2003) It’s official — investors ploughed money back into mutual funds in July to the tune of $321 million, according to IFIC’s revised monthly report on the industry. “Sales were fueled by positive flows of $463 million into long-term funds. Also, year-to-date redemptions have decreased by $4.6 billion from the same period in […]
By Steven Lamb |August 18, 2003
4 min read
(August 14, 2003) The CPP Investment Board (CPPIB), the body that oversees equity investments for the CPP, has committed $550 million to new and existing private equity partnerships. The CPPIB has $5.6 billion committed to 37 limited partnerships, with $1.6 billion of that already invested in private equity. The latest commitment of funds are to […]
By Staff |August 11, 2003
(August 1, 2003) Provinces that rely on manufacturing are facing an economic downturn, but resource-based economies should perform well, according to the Conference Board of Canada. Fortunately, though, the think-tank says the downturn should only last into next year. “Sluggish U.S. economic performance and the soaring Canadian dollar will hurt exports throughout the summer, which […]
By Staff |July 28, 2003
(July 24, 2003) The equity markets are primed for growth and anyone left behind in fixed income are likely to get burned, according to the optimists at Franklin Templeton Investments. “There’s a lot of cash on the sidelines, which to me makes it very bullish, because that cash will find its way into permanent investments,” […]
By Steven Lamb |July 24, 2003
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