Industry News

Claymore launches convertible bond ETF

Claymore Investments has announced the launch of the Claymore Advantaged Convertible Bond ETF, available in as either common and advisor units. The ETF is designed to provide investors with exposure to the performance of the DEX Convertible Bond Index, consisting of both tax efficient monthly distributions and opportunity for capital appreciation. “Convertibles are hybrid securities […]

By Staff |June 14, 2011

1 min read

Canadians exposed to cost of critical illnesses

Canadians appear more confident about their ability to physically survive a critical illness, than survive its impact on their net worth. According to Desjardins Financial Security Health Survey, close to two-thirds of Canadians are confident they would survive a critical illness, while 67% say it would render them financially vulnerable and they would likely need […]

By Vikram Barhat |June 13, 2011

4 min read

IA Clarington changes managers on four funds

IA Clarington Investments has announced changes to the portfolio management on four of its funds, following the departure of Pierre Bernard on Friday. Effective immediately, Marc Gagnon, of Industrial Alliance Investment Management (IAIM) will lead the IAIM portfolio management team for both the IA Clarington Canadian Leaders Fund and IA Clarington Canadian Leaders Class. “With […]

By Staff |June 13, 2011

1 min read

Franklin Templeton fund mergers approved

Franklin Templeton Investments has received approval from securityholders to merge Bissett Multinational Growth Fund into Franklin World Growth Fund, and Bissett Multinational Growth Corporate Class into Franklin World Growth Corporate Class. The fund mergers and transfer of securities will take effect on or about the close of business on June 24, 2011. Securityholders of Bissett […]

By Staff |June 13, 2011

1 min read