Industry News

Mutual fund assets still on the rise

It’s been another stellar month for mutual fund sales as total assets grew 1.7% to $712 billion. The Investment Funds Institute of Canada released its May statistics on Friday, which showed nearly every category breaking records. “It was a booming month of May — and in sharp contrast to most of the past five years, […]

By Bryan Borzykowski |June 15, 2007

2 min read

New proposed framework makes mutual funds easier to understand

It was years in the making, but a new point-of-sale disclosure agreement for mutual funds and segregated funds has finally been drawn up. The Joint Forum of Financial Market Regulators, a group of representatives from the CSA, CAPSA and CCIR, released the proposed framework 81-406 on Friday, which outlines a new two-page “fund facts” summary […]

By Bryan Borzykowski |June 15, 2007

4 min read

Briefly:

(June 14, 2007) Let’s hope your clients don’t mind working well past 65. A new study sponsored by the Canadian Institute of Actuaries found that two-thirds of Canadian baby boomers in their 40s are not saving enough to retire comfortably — or even adequately. “No more than a third will be able to cover their […]

By Staff |June 14, 2007

3 min read

Funds-of-funds costly, but are worth a look

A lot of advisors look to funds-of-funds as an easy, no-hassle way to invest their client’s money. Phenomenal sales are proof of their popularity, but are wrap funds the best way to go? That’s the question Dan Hallett posed at the Morningstar Canada Investment Conference. At the top of the presentation Hallett, president of Dan […]

By Bryan Borzykowski |June 14, 2007

3 min read