Industry News

Briefly:

(July 25, 2008) Mackenzie Investments will substitute two of the six portfolio management teams that currently manage Mackenzie Focus Fund and Mackenzie Focus Class, effective August 29, 2008. The roster of managers will now include Jerry Javasky, head of Mackenzie’s Ivy Funds, and David Ginther, a U.S. dividend equity specialist with Waddell & Reed Financial […]

By Staff |July 25, 2008

2 min read

By The Book: ASC reaches $250,000 settlement and more regulatory news for Friday

(July 25, 2008)The Alberta Securities Commission (ASC) has agreed to a $250,000 settlement with Keystone Real Estate Investment of Red Deer over the company’s misrepresentations to the public through promotional material and information seminars. In addition, Ron and Travis Cadman, principals acting as advisors without being registered in accordance with Alberta securities laws. The Cadmans […]

By Staff |July 25, 2008

2 min read

Good business practice requires non-financial considerations

A recent report by the Conference Board of Canada suggests that advisors can help mitigate their clients’ investment risks by examining a board’s commitment to corporate social responsibility (CSR). Report author Coro Strandberg explained that “firms are coming to understand the importance of corporate social responsibility and sustainability [in relation to] competitive performance, but their […]

By Romana King |July 25, 2008

4 min read

Fixed income tumbles in Q1: IIAC

Don’t expect any bright lights at the end of the long fixed-income tunnel anytime soon — the market continues to spiral downward with no end in sight. A new Investment Industry Association of Canada (IIAC) debt issuance report reveals that total issuance in the debt market dropped to $41.4 billion; that’s an 18% decrease over […]

By Bryan Borzykowski |July 25, 2008

3 min read