Industry News

November a golden month for funds

A return of confidence in the markets boosted investment fund returns in November, according to Morningstar Canada. That should come as some relief after a dismal October, when just nine fund groups were on the rise. The top performing fund category was the Precious Metals Equity Fund Index, which benefited from surging gold prices and […]

By Steven Lamb |December 3, 2009

2 min read

CIAs toast best of the industry

The Canadian Investment Awards were Wednesday night at the Fairmont Royal York, in Toronto. Three firms dominated the night, together picking up 15 of the 32 individual fund awards. Dynamic Mutual Funds was named Advisors’ Choice Fund Company of the Year, and also took home the Advisor Education Award, the IFIC Investors Education Award, and […]

By Steven Lamb |December 3, 2009

2 min read

Market timing class action may worry clients

A class-action lawsuit against mutual fund companies over market timing activity could stir the pot of investor angst at an inopportune time for advisors. The class, which is seeking certification this week, alleges the companies lapsed on their fiduciary duties to less sophisticated investors by allowing more experienced players to time purchases and sales to […]

By Philip Porado |December 3, 2009

3 min read

Briefly:

Portland Investment Counsel has announced that executive chairman Michael Lee-Chin will once again take on the role of CEO, with the departure of Jonathan Wellum at the end of the year. “I’d like to thank Jonathan for his commitment and dedication to Portland Investment Counsel over the last twenty years and I wish him every […]

By Staff |December 3, 2009

2 min read