Industry News

Briefly:

(May 7, 2004) Quebec has announced the creation of a $14.6 million investor education fund. The money will be used to support the principles of investor protection, good governance and investor education, says Quebec’s financial services regulator, the Autorité des marchés financiers (AMF). Similar to Ontario’s model, funding comes from fees and administrative penalties collected […]

By Staff |May 3, 2004

6 min read

Stars secure sales, says fund researcher

(May 3, 2004) Mutual funds rated highly under Morningstar Canada’s star system are also dominating sales, says research group Investor Economics. Funds with four- or five-star rankings accounted for 54% of gross sales in the first three months of 2004, Investor Economics says in its monthly Insight report. The sales figures are more impressive when […]

By Doug Watt |May 3, 2004

1 min read

AIM Trimark reshuffles as Kanko departs

(May 3, 2004) Veteran fund manager Bill Kanko has resigned from AIM Trimark, a move that will affect two of the company’s largest funds. Kanko was the lead manager on the $3 billion Trimark Fund and the $6 billion Trimark Select Growth Fund. “While I’ve decided to take some time off before pursuing the next […]

By Doug Watt |May 3, 2004

2 min read

Advisors not planning on lazy summer

(April 30, 2004) Ah, summertime — when the living is easy. There’s nothing quite like settling in at the cottage and reviewing your business. According to a survey conducted by The ADVISOR Group, financial advisors appear to be set for a summer of hard work, reviewing portfolios and prospecting for clients. The top priority for […]

By Steven Lamb |April 30, 2004

2 min read