Industry News

Fund industry waits on proxy voting rules

(September 1, 2004) A new rule requiring U.S. mutual funds to fully disclose their proxy votes at shareholder meetings is now in force. Canadian regulators have introduced a similar proposal, but there are concerns that the Canadian version doesn’t provide the same level of disclosure, as well as worries about how long it will take […]

By Doug Watt |September 1, 2004

4 min read

Market sees explosion of F-class offerings

(August 31, 2004) In case there was any question that investors are becoming more leery of sales commissions and hidden fees, mutual fund manufacturers have been unleashing a torrent of F-class funds aimed at capitalizing on this trend. According to a report published on Morningstar Canada’s Web site today, the number of F-class funds is […]

By Steven Lamb |August 31, 2004

2 min read

Broker fights for right to incorporate

(August 31, 2004) Doctors do it. Lawyers and insurance agents do it. Even mutual fund advisors can do it, at least for the time being. Nick Grady can’t figure out for the life of him is why investment advisors can’t do it. “It” is incorporating one’s practice, a move that has significant income tax implications […]

By Geoff Kirbyson |August 31, 2004

4 min read

Briefly:

(September 3, 2004) Franklin Templeton Investments has announced unitholders of Franklin U.S. Small Cap Growth Fund have voted to expand the mandate of the fund to include the ability to invest in U.S. mid-cap companies. “The change to the mandate allows the fund to take advantage of the growth opportunities that exist in the U.S. […]

By Staff |August 30, 2004

5 min read