Industry News

Briefly:

Dynamic Funds has launched the Dynamic Emerging Markets Class, which will combine growth and value investing in one emerging markets mutual fund. As part of the Dynamic corporate class structure, it also offers tax efficient switching. The fund is managed by two of Dynamic’s stars: growth manager Rohit Sehgal and value-focused Chuk Wong, who will […]

By Steven Lamb |July 29, 2010

2 min read

Annuities swept up in SEC fund fee proposal

The SEC thinks mutual fund 12b-1 fees have gotten out of hand, and is proposing new rules to limit them and provide greater disclosure for investors. The SEC’s 278-page 12b-1 proposal could also impact the use of distribution fees in the mutual funds in variable annuity subaccounts. “When it comes to 12b-1 fees, there is […]

By Alan Prochoroff |July 29, 2010

4 min read

Retirement taking a backseat to present: BMO

Why are Canadians dragging their feet when it comes to retirement planning? BMO says the answer can be found inside their minds. Using behavioural finance research, the bank believes it has uncovered clues as to why Canadians are procrastinating the way they are. A report from BMO Retirement — entitled Retirement Planning: Can I Get […]

By John Powell |July 29, 2010

2 min read

Briefly:

Waterloo-based Sarona Asset Management has announced its Sarona Risk Capital Fund has become an anchor investor in the MicroVest Short Duration Fund, the first North-American based microfinance liquidity fund available to private investors. “We believe our investment in the MicroVest Short Duration Fund will allow institutional investors, non-profit organizations and foundations the ability to invest […]

By Staff |July 28, 2010

1 min read