Industry News

CI Financial reports AUM growth for July

CI Financial reported preliminary assets under management as of July 31 at $138.6 billion, a 0.3% gain from the previous month and up 15.3% from a year ago. The firm’s total assets of $182.8 billion were up $22.5 billion, or 14%, for the 12-month period, and increased 0.5% through the month of July, a release […]

By Staff |August 3, 2018

1 min read

Industry

DB plans improve in Q2, while Caisse posts 3.3% return over six months

Canadian defined benefit pension plans returned 2.2% in the second quarter of 2018, an increase from the 0.2% reported in Q1, RBC Investor & Treasury Services said Thursday. After losses of 3.9% in the first quarter, Canadian equities were driven by a strong energy sector to a 6.8% return in Q2, RBC said, while global […]

By Staff, with files from The Canadian Press |August 2, 2018

2 min read

Industry

Manulife changes portfolio management for several funds

Manulife Investments has appointed new subadvisors and portfolio managers for a number of its mutual funds. The firm announced changes to 11 funds on Thursday. The investment objectives are not affected. Read: Manulife reducing fees, risk ratings on certain funds For the Manulife Asia Equity Class, Kenglin Tan has replaced Linda Csellak as lead portfolio […]

By Staff |August 2, 2018

2 min read