Industry News

Fund redemptions slowed in August: IFIC

Improved year-over-year assets under management (AUM) figures for mutual funds, supported by a significant drop in net redemptions suggest the Canadian mutual fund industry may have regained some investor support. Net redemptions totalled $83.3 million, down from net sales of $152.6 million last month, but up from net redemptions of $462.6 million last August, according […]

By Vikram Barhat |September 15, 2010

2 min read

Briefly: “Canada’s lowest cost ETF launched” and more news

When you’re tracking an index, cost matters. Horizons BetaPro has launched the lowest cost ETF in Canada, tracking the S&P/TSX 60 Index. The aptly named Horizons BetaPro S&P/TSX 60 Index began trading on the Toronto Stock Exchange today under the symbol HXT, and has a management fee of 7 basis points (plus applicable sales taxes) […]

By Staff |September 15, 2010

2 min read

Millions need help consolidating assets

This Advisor.ca Special Report is sponsored by: As a financial planner and actuary, William Jack has seen the future. Depending on how the boomers manage and spend what they’ve accumulated the picture ranges from grim to not bad. “One man told his children, ‘I plan to spend the last penny on the day I die […]

By Brenda Craig |September 14, 2010

4 min read

Briefly: “Edward Jones launches Portfolio Models” and more news

Edward Jones has launched a fee-based managed investment program called the Edward Jones Portfolio Program. It allows investors to choose from 11 Portfolio Models managed by SEI. “The automatic rebalancing of the Portfolio Models means that investors can focus on other things in life and step back from the investment decision-making emotional rollercoaster of oft-changing […]

By Staff |September 14, 2010

4 min read