Industry News

Resource funds hit by pause in commodity rally

Softer commodity prices in the energy and minerals sectors pummeled investment funds focused on natural resources in February, making them the worst performing group, according to Morningstar Canada. Investors in resource funds probably should have expected a correction at some point, as the fund group gained 46.1% in 2005, and 11.6% in January of this […]

By Steven Lamb |March 2, 2006

3 min read

February fund sales close to $5 billion

It’s been a strong RRSP season for the mutual fund industry, with IFIC estimating February net sales of about $4.7 billion dollars. Add January’s net sales of $1.6 billion, and the numbers for the first two months of 2006 will likely be even better than last year. Based on a sample of preliminary data from […]

By Doug Watt |March 2, 2006

2 min read

Credit cycle set for turning point, Moody’s says

Corporate debt defaults packed a deceptively hard punch in 2005, despite their relatively small number, according to research from one of the world’s largest debt rating agencies. Fixed income investors can expect more defaults among speculative-grade bonds by year end. “It depends who you ask whether 2005 was a good year or not,” says David […]

By Steven Lamb |March 1, 2006

3 min read

Wealthy Canadians seeking full range of advice services

More than 80% of Canada’s ultra high-net-worth individuals use external advisors to manage their money and most maintain as many as half-a-dozen professional financial relationships, a new survey indicates. The study, conducted by Sensus Research on behalf of the T. Stenner Group of CIBC Wood Gundy, a Vancouver-based private family office, defines ultra high-net-worth (UHNW) […]

By Doug Watt |March 1, 2006

2 min read