Industry News

Budget 2010: An advisor wish list

As a warm up to the federal 2010 budget, we asked advisors what their dream budget would look like. And they sure spoke up. Here’s a wish list of things they think would make their jobs easier and their clients happier. James Hymas, president, Hymas Investment Management Inc. • A clear-cut plan for a balanced […]

By Kanupriya Vashisht |March 3, 2010

6 min read

Canadian fund returns golden in February

They flopped in January but flew in February. Canadian investment funds focused on domestic equities and sector-specific funds which hold predominantly Canadian content posted strong returns in February, according to Morningstar Canada. Thirty-four of the 43 Morningstar Canada Fund Indices posted gains led by the Morningstar Precious Metals Equity Fund Index with its 6.8% return. […]

By John Powell |March 2, 2010

2 min read

Briefly:

BMO Investments has announced changes to the portfolio management of the BMO Sustainable Opportunities Class and BMO Sustainable Climate Class. The funds were managed by SAM Sustainable Asset Management AG. That arrengement will end on or before June 30, 2010. BMO has commenced a search for a new portfolio manager, to be announced by that […]

By Staff |March 2, 2010

3 min read

ETF tax advantages

The three key characteristics that make exchange–traded funds (ETFs) tax-efficient are easily defined. They are: Index-based ETFs have extremely low turnover. Transactions trigger gains taxable in the hands of unit holders. The redemption of ETFs allows for in-kind transfers, allowing sponsors to transfer out the lowest cost shares without incurring tax. This maintains the adjusted-cost […]

March 2, 2010

4 min read