Industry News

Fund sales hit hard by market jitters

Working on the front line, it probably comes as no surprise to most advisors that January was not a great month for mutual fund sales. Fears of a U.S. recession coupled with a global sell-off which may have been precipitated by a single French trader, shook investor confidence and sent them running for the exits. […]

By Steven Lamb |February 4, 2008

2 min read

Briefly:

(February 1, 2008) The Canadian Depository for Securities has appointed Ian A. Gilhooley to the position of president and chief executive officer, effective immediately. Gilhooley joined CDS in 2001 and became chief operating officer in 2002. As COO, he directed the redevelopment and implementation of CDS’s clearing and settlement system, CDSX. • • • RBC […]

By Staff |February 1, 2008

1 min read

The markets do feel bad, but clients shouldn’t

Volatility is a reality of the capital markets, and investors need to accept that bears will eventually follow the bulls. That was the message Manulife Mutual Funds took to over 2,000 advisors across Canada who tuned in to a forum sponsored by the company. “The market’s volatility can almost make someone feel like they have […]

By Mark Noble |February 1, 2008

6 min read

On The Shelf:

(January 31, 2008) Horizons Funds has appointed JovInvestment Management as portfolio manager of the Horizons Mondiale Fund, replacing Mondiale Asset Management, effective immediately. With the departure of Mondiale as manager, the fund is being renamed Horizons Global Contrarian Fund. The new manager has retained HCS Management Inc. to provide proprietary analytical tools that JovInvestment will […]

By Staff |January 31, 2008

1 min read