Industry News

Briefly:

With faint promises of an economic recovery, CIBC has rolled out a new tradable commodities index for investors hoping to cash in on resurgent resource prices. The CIBC Composite Commodities Index tracks the price of futures contracts in agriculture, energy, base metals and precious metals. All futures contracts in the index are listed and traded […]

By Staff |June 1, 2009

2 min read

Briefly:

TD Asset Management has announced plans to terminate three mutual funds, citing reduced investment opportunities and decreased client demand. The funds that will be terminated are: • TD Income Trust Capital Yield Fund • TD Private Income Trust Fund • TD Income Trust Pool The funds will cease offering units for purchase effective May 29, […]

By Staff |May 29, 2009

3 min read

SunWise changes draw fire

A decision by Sun Life Financial to increase the required fixed income allocation within its SunWise Elite Plus guaranteed minimum withdrawal benefit product is meeting resistance in the advisor community. The insurer announced on Wednesday that the minimum fixed income allocation in the product was rising from 10% to 30%, effective July 31 for new […]

By Steven Lamb |May 29, 2009

3 min read

Briefly:

Middlefield has added a new fund to its lineup of class funds: Global Agriculture Class. As part of the family of class funds, investors can make switches between other class funds without triggering capital gains for tax purposes. The company also announced that Series F shares will now be offered for the following funds: Canadian […]

By Staff |May 28, 2009

3 min read