Industry

Briefly:

RBC Asset Management has announced it will reopen the RBC O’Shaughnessy Canadian Equity Fund and RBC O’Shaughnessy U.S. Growth Fund to new purchases, effective immediately. RBC O’Shaughnessy Canadian Equity Fund has been closed since January 19, 2007. RBC O’Shaughnessy U.S. Growth Fund has been closed since June 30, 2006. • • • AGF replaces one […]

By Staff |November 16, 2009

1 min read

Long-term funds continue sales streak

Net redemptions from the mutual fund industry for October came in near the lower end of initial estimates, totalling $291.4 million, according to the final tally by the Investment Funds Institute of Canada (IFIC). Early forecasts had set a range of between $262.2 million and $762.2 million in net redemptions. IFIC ascribed the slower sales […]

By Steven Lamb |November 16, 2009

2 min read

PowerShares launched as mutual funds

• Visit the Advisor.ca ETF Centre One of the world’s largest exchange traded fund providers, PowerShares has launched in Canada — not as an ETF, but as a suite of corporate class mutual funds wrapped around an underlying ETF. Advisors are clearly the target market for the new product launch by Invesco Trimark, which brings […]

By Mark Noble |November 16, 2009

4 min read

Industrial Alliance buys MD Life portfolio

Industrial Alliance Insurance and Financial Services has inked a deal with MD Physician Services Inc. (MDPSI) to acquire the individual life insurance portfolio of MD Life Insurance Company. MD Life provides life insurance and annuity products to Canadian physicians. The portfolio contains more than 8,600 policies and riders, and generated $62 million in premium income […]

By Steven Lamb |November 13, 2009

2 min read