Industry

Strong gains for U.S. equity funds in Canada

Solid performance in U.S. stock markets, combined with a surging greenback, produced strong gains for U.S. equity funds sold in Canada during May, says Morningstar. This also reflected positively on other fund categories that have heavy allocations to U.S. stocks. Meanwhile, domestic equity funds were back in the black after producing negative returns in April. […]

By Staff |June 4, 2013

3 min read

Zynga cuts jobs, shares fall

After Zynga announced it would cut more than 500 jobs, shares fell 12% to close at $2.99 in New York, says Financial Times. “The company grew quickly as it became the biggest games publisher on Facebook, but has been retrenching in recent months, as new titles have disappointed and earnings have fallen short of expectations,” […]

June 4, 2013

1 min read

Bond woes hit U.S. mutual funds

The Financial Times reports all of the most widely purchased U.S. mutual funds that hold bonds took a big hit in May, thanks to rising yields.

By Staff |June 4, 2013

1 min read

CIBC AM alters portfolio manager lineup

CIBC AM has announced portfolio manager changes to its existing lineup of funds.

By Staff |June 4, 2013

2 min read