Industry News

Stability still a concern among trust watchers

Telus’s recent decision to convert its $10 billion-plus operation to an income trust has reopened debate about the stability of the trust sector. Experts hope the company’s award-winning corporate accounting practices will make it the poster child for other trusts. At the same time, there are fears that it will take a major disaster before […]

By Mark Brown |September 20, 2006

4 min read

Briefly:

(September 19, 2006) One of the country’s largest mutual fund companies has quietly resigned from the industry association, IFIC. “We didn’t see that belonging to IFIC had any value-add for us anymore in the context of the fees that we pay,” said Stephen MacPhail, president and COO of CI Investments. “There is not some underlying […]

By Staff |September 19, 2006

4 min read

Arnold maps out fund overhaul

Just over a week after sacking Harris Associates as managers of the flagship AGF International Value Fund, AGF’s road show stopped in Toronto with the theme Charting the Globe. Not surprisingly, the fundco took the opportunity to reacquaint attendees with John Arnold, CIO of AGF International Advisors (AGFIA), which was awarded the International Value mandate. […]

By Steven Lamb |September 19, 2006

2 min read

Briefly:

(September 18, 2006) If the latest Statistics Canada data is any indication, Canadians are heeding calls to increase the foreign content portion of their portfolios. After a brief pause in June, Canadians invested heavily in foreign securities in July, acquiring $6.3 billion worth, StatsCan reported on Monday. Half went to foreign bonds, while the remainder […]

By Staff |September 18, 2006

4 min read