Industry News

June fund sales hit seven-year high

(July 15, 2005) The Canadian mutual fund industry attracted $1.8 billion in net new sales in June, the highest for the month since 1998. Investors are continuing to move into longer-term investments, the IFIC data suggests. At the same time, industry competition and clone fund consolidation are both starting to have an effect on sales. […]

By Kate McCaffery |July 15, 2005

2 min read

Coxe predicts Nasdaq will follow Nikkei pattern

(July 14, 2005) The fall of the Japanese stock market in the 1990s has striking similarities to the performance of the Nasdaq since 2000. But Wall Street continues to ignore the warning signs, argues Donald Coxe, chair of Harris Investment Management. When the Nasdaq began tumbling from its peak in 2000, Coxe noted that the […]

By Doug Watt |July 14, 2005

2 min read

Crocus problems called

(July 14, 2005) While there have been dire predictions of more labour-sponsored investment funds (LSIFs) breaking down in the wake of Crocus, experts in the private equity industry say it appears to be an exceptional case. “While it is a labour-sponsored fund, I think it really is just an isolated incident of corporate governance breakdown. […]

By Steven Lamb |July 14, 2005

3 min read

Global economy seen slowing through 2006

(July 13, 2005) The global economy will slow over the coming year, but growth in Asia’s developing economies should maintain a relatively healthy pace, according to Scotia Economics’ Global Outlook report. The U.S. consumer is expected to finally show signs of fatigue, as interest rates continue to rise, although housing could remain strong. Weakness in […]

By Steven Lamb |July 13, 2005

3 min read