Industry News

Morningstar: Canadian funds lose ground

(October 15, 2003) Canadian mutual funds gave back some of the gains made in the past five months, as Morningstar Canada revealed that only 11 of 32 Morningstar Canada Fund Indices posted gains in September. Nearly 80% of the funds tracked by Morningstar remain in positive territory on a year-to-date basis, thanks in large part […]

By Steven Lamb |October 15, 2003

2 min read

Net fund sales slide in September

(October 15, 2003) Investors continued to cash out of money market funds, driving September’s net sales of mutual funds into negative territory, according to IFIC’s monthly industry report. Gross fund sales hit $8.3 billion, with reinvested distributions accounting for a $648 million of that total. There was an outflow of $885 million from money market […]

By Steven Lamb |October 15, 2003

2 min read

Standard Life concerned about over-regulation of CAPs

(October 14, 2003) Standard Life has released its response to the Joint Forum of Financial Industry Regulators’ proposals regarding employer-sponsored pension plans and Group RRSPs. While welcoming the initiative as a means to “develop a foundation for the effective regulation of capital accumulation plans (CAP),” the firm has expressed concern that the current proposal will […]

By Staff |October 14, 2003

2 min read

Briefly:

(October 16, 2003) Applications for life insurance jumped by 4.4% in Canada for September, on a year-over-year basis, according to the MIB Life Index. The 60+ age group led the pack, with a 19% increase in the number of applications for life insurance. In North America as a whole, insurance applications rose 2.2%, with U.S. […]

By Staff |October 14, 2003

2 min read