Industry News

Equity returns bounce back: Morningstar

All but one of the 23 Morningstar Canada fund indexes that track the performance of equity fund categories showed positive returns for the month, with 10 of the indexes gaining 4% or more. According to Bhavna Hinduja, fund analyst for Morningstar Canada, it was the most positive month for equity fund indexes since January of […]

By Mark Noble |May 2, 2008

3 min read

Fund sales slow in April

Mutual fund sales continued to struggle in April, despite strong performance in global equity markets. Just how slow the month was remains a point of speculation however. According to preliminary estimates from the Investment Funds Institute of Canada, net sales of mutual funds for the month fell somewhere in the range of $57 million to […]

By Steven Lamb |May 2, 2008

2 min read

On The Shelf:

(May 1, 2008) If your client has some U.S. greenbacks lying around, you might consider putting them into RBC’s new American dollar, high-interest online personal savings account. The new web-based account offers an introductory rate of 1.5% based on current short-term interest rates in the U.S. There’s no minimum monthly balance required, and Canadians get […]

By Staff |May 1, 2008

2 min read

Briefly: TSX and MX complete merger

(May 1, 2008) It’s a done deal — the TSX Group and the Montreal Exchange officially created the TMX Group on Thursday. “We are pleased to have completed this transaction,” says Michael Ptasznik, interim co-CEO of TMX Group. “Our new company will redefine the Canadian capital markets and strengthen its global positioning.” Luc Bertrand, president […]

By Staff |May 1, 2008

1 min read