Industry News

Briefly:

(August 3, 2007) Great West Lifeco completed its planned acquisition of Putnam Investments Trust on Friday. Great West announced back in February that it would be acquiring Putnam, is one of the United States’ oldest wealth management companies, which has more $193 billion in assets under management. “This acquisition allows Lifeco to achieve, with a […]

By Staff |August 3, 2007

3 min read

Real estate funds offer diversity, but are they too hot?

In the past year, a host of fund companies have started offering real estate funds — a product made up of real estate stocks and REITs. Interest seems to be high. But with a rising dollar, sub-prime problems in the States and a general notion that the market has peaked, is now a good time […]

By Bryan Borzykowski |August 3, 2007

4 min read

Briefly:

(August 2, 2007) On Thursday, ING Canada announced that Groupe Cloutier and Worldsource Financial Management will provide ING Wealth Management advisors and property and causality insurance brokers access to their mutual fund products and distribution services. Derek Iles, president of ING Insurance, thinks the companies can help ING by providing specialized support and broad product […]

By Staff |August 2, 2007

4 min read

Pension plans get a clean bill of health

Pension plans can cancel that next visit to the doctor — turns out they’re at their healthiest in years. A report released by Toronto-based rating agency DBRS says that despite what the public might think, pension plans are well funded and will continue to be for some time. According to the report, more than 90% […]

By Bryan Borzykowski |August 2, 2007

3 min read