News and resources for Canada's top financial advisors
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(July 21, 2003) Mutual fund managers may have been too cautious in the second quarter, shying away from debt-ridden companies that have powered the recent rally of the S&P/TSX Composite Index, according to the Russell Canadian Active Manager report. “The average share price appreciation of the 20 companies within the index having the greatest debt-to-equity […]
By Steven Lamb |July 21, 2003
2 min read
(July 25, 2003) Hedge fund firm Norshield Financial has launched the Univest Global Fund, a fund of funds that Norshield says allows investors to customize their exposure to funds held within Univest. The fund offers investors access to eight hedging strategies overseen by 17 managers. The Univest fund and its affiliated funds already have a […]
By Staff |July 21, 2003
4 min read
(July 3, 2003) Tactical asset allocation fund managers are embracing the contrarian approach, diving headfirst back into equities, while investors do the opposite, according to a recently released report from research firm FundMonitor.com. Analyst Anthony Corona says that after a prolonged period of decline, many tactical asset allocation managers see equities as attractively valued, while […]
By Doug Watt |July 3, 2003
(July 4, 2003) IFIC is predicting that June will prove to have been another month of investor exodus from mutual funds, with early estimates seeing net redemptions hitting between $450 million and $850 million. Larger firms were the hardest hit, with AGF seeing $229 million in net redemptions. Some smaller firms posted positive net sales, […]
By Staff |July 2, 2003
( June 20, 2003) Canada’s financial watchdogs have released their proposed disclosure requirements, with the catchy name “National Instrument 51-102 Continuous Disclosure Obligations.” Among guidelines for standard documents, like financial statements, the report proposes a new requirement for the reporting of material changes and significant business acquisitions. “We have also taken this opportunity to bring […]
By Staff |June 16, 2003
5 min read
(June 13, 2003) A growing number of big businesses are issuing income trusts, pushing this sector forward. But watch out for rising interest rates that threaten to take a bite out of performance, says Brian Petersen, head of the income trust group at RBC Capital Markets. Speaking at the Canadian Institute’s second annual Income Trust […]
By Caroline Cakebread |June 13, 2003
3 min read
(June 11, 2003) Registered pension plans (RPPs) lost nearly $4 billion last year as stock prices declined, forcing employers to significantly increase their contributions, Statistics Canada reported today RPPs had revenues of $13.7 billion and expenses of $15.3 billion in the fourth quarter of 2002, resulting in a $1.6 billion loss. For the year, the […]
By Doug Watt |June 11, 2003
(May 23, 2003) Peak Financial has introduced new back office systems to ease the transition of independent advisors from one dealer to another. It has added Winfund to its Integra back office platform, which includes RPM Technology (RPM) and CTA Systemsource (MPS). “It is important for planners to reduce the non-productive time during the transition […]
By Staff |May 21, 2003
(May 14, 2003) In a dramatic reversal, 90% of Canadian mutual funds posted positive returns in April as war worries receded and corporations reported strong quarterly earnings. The performance numbers, released today by Morningstar Canada, show a marked improvement from the first quarter of the year, when 91% of funds were in the red. “The […]
By Doug Watt |May 14, 2003
(April 21, 2003) Canada’s pension industry felt the bear market pinch again in 2002, with assets and returns declining for the second straight year, according to Benefits Canada’s annual survey of the top 100 pension funds. Assets fell nearly 6% last year, the largest decline since the survey was introduced 23 years ago. The 100 […]
By Doug Watt |April 21, 2003
(April 17, 2003) With the Iraq conflict all but resolved, Canada’s financial advisors are looking for a stock market rally, suggests a survey conducted by The ADVISOR Group. Nearly 60% of advisors responding to a recent online poll said they expect stock prices to rise over the next few months. When the same question was […]
By Doug Watt |April 17, 2003
(April 14, 2003) Despite a market rally in March, mutual fund performance for the first three months of the year was overwhelmingly negative. Ninety-one per cent of Canadian mutual funds lost money in the first quarter of 2003, according to data released today by Morningstar Canada. “While the war in Iraq boosted U.S. equity markets […]
By Doug Watt |April 14, 2003
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