Industry News

Fund performance turns around

In sharp contrast to mutual fund returns reported in Q2 of 2006, when all but three fund indices were in the red, preliminary data on investment fund performance released by Morningstar Canada Tuesday shows that 25 of the company’s fund indices posted gains for the three-month period ending September 30. Financial services, emerging markets and […]

By Kate McCaffery |October 3, 2006

3 min read

Briefly:

(October 2, 2006) RBC Asset Management is closing the RBC O’Shaughnessy Canadian equity fund to new purchases as of January 18, 2007.. The decision comes as the fund approaches $2 billion in assets. The bank says that capping the fund will provide it the best opportunity for continued success in its investment approach. The change […]

By Staff |October 2, 2006

3 min read

Working group looks at longer RRSP window

IFIC’s tax working group is considering lobbying the Department of Finance to move the RRSP contribution deadline to April in order to bring it closer to the filing date for tax returns, which is normally April 30 for individual taxpayers and June 15 for those who are self-employed. Currently, to be tax deductible, RRSP contributions […]

By Philip Porado |October 2, 2006

2 min read

Briefly:

(September 29, 2006) CIBC is adding a pair of new products to its fund family, in the U.S. equity and international equity categories. The CIBC Disciplined U.S. Equity Fund and CIBC Disciplined International Equity Fund will provide investors with the opportunity to participate in U.S. and international equity markets with an exceptional degree of discipline […]

By Staff |September 29, 2006

3 min read