Industry News

Briefly:

(February 2, 2007) Counsel Wealth Management announced Friday that it has launched two new managed portfolio solutions, Counsel World Managed Portfolio and Counsel Income Managed Portfolio. Counsel World Managed Portfolio will invest in Canadian, U.S. and international equities, as well as global small-cap equities and fixed-income securities either directly or through securities of other mutual […]

By Staff |February 2, 2007

3 min read

Foreign funds the place to be in January

Foreign equity investments continued to lead the pack for mutual funds in January, according to Morningstar Canada. Of the 42 indexes tracked by Morningstar, 10 of them posted returns better than 2% — and all 10 were focused on foreign investments. But for a change, the gains were led by American markets, following months of […]

By Steven Lamb |February 2, 2007

3 min read

A new kind of ‘Made in Canada’?

Home may be where the heart is for many Canadian investors, but taking a Canada-only approach is an increasingly risky proposition. It’s this philosophy AIM Trimark took when it announced that it’s increasing the allowable amount of foreign equity in almost all of its Canadian equity funds. Canadian anchored equity funds, as they are classified […]

By Mark Noble |February 2, 2007

3 min read

Great-West to buy Putnam

After weeks of speculation, Great-West Lifeco has announced that it has reached an agreement to purchase Boston-based Putnam Investments Trust, for $3.9 billion US. The deal is subject to regulatory approval. “Power Financial Corporation has wanted for some time to expand the presence of its financial services group in the United States, by acquiring a […]

By Staff |February 1, 2007

1 min read