Industry News

CI takes unique approach to fee reductions

(June 24, 2005) Industry analysts are welcoming CI’s move to set a fixed administration fee for its mutual funds, one that can only be changed with investor approval. However, the approach will result in relatively modest cuts in the overall management expense ratio (MER). CI announced the change on Thursday, promising lower costs and greater […]

By Doug Watt |June 24, 2005

2 min read

Cole begins overhauling AIC fund

(June 24, 2005) James Cole, the new manager of AIC American Focused, has offered a progress report on the fund, outlining his investment strategy and how he has managed the transition. Since replacing Larry Sarbit as the fund’s manager on in March, Cole has brought the cash component of the fund down from more than […]

By Staff |June 24, 2005

3 min read

Financial institutions struggle with security

(June 23, 2005) Your next meeting would probably be a very good time to start making information security a “talking point” with clients. Security breaches and attacks are on the rise at financial institutions — both in Canada and abroad — and human error is expected to be the number one cause of problems in […]

By Kate McCaffery |June 23, 2005

3 min read

Rising rates, inflation could stifle market

(June 23, 2005) The North American economy is likely to slow down, as a flattening yield curve indicates the current cycle is reaching maturity, according to Gavin Graham, vice president and director of investments, Guardian Group of Funds. “When interest rates are falling or flat — and we’ve been at 45 year lows in the […]

By Steven Lamb |June 23, 2005

4 min read