Investments

High yield market holds promise

The death of the Canadian income trust phenomenon has given the Canadian high yield market a new lease on life. Despite being around for decades, the market for high-yield bonds—formerly known as junk bonds—has stayed relatively small in Canada, especially in comparison to the market south of the border. But if experts at the recent […]

By Vikram Barhat |April 18, 2011

4 min read

BluMont to merge, close Core Hedge Fund

BluMont Capital has announced a plan to merge BluMont Core Hedge Fund with Exemplar Market Neutral Portfolio, a class of shares of Exemplar Portfolios Ltd. BluMont says the merger would benefit investors because the Market Neutral Portfolio will provide daily liquidity and lower minimum purchase amounts. It also offers lower management fees and tax-free switching […]

By Staff |April 15, 2011

1 min read

CSA updates regulatory framework

The Canadian Securities Administrators have updated the regulatory framework for firms and individuals who deal in securities, provide investment advice or manage investment funds. The revised rules codify current exemption orders and frequently asked questions, provide new filing timelines, refine certain exemptions, and provide extended transition periods in respect of certain requirements. New guidance and […]

By Staff |April 15, 2011

1 min read

Fund sales remain strong in March

Canadian mutual funds continued a strong sales streak in March, despite the closing of the 2010 RRSP contribution window, according to data collected by the Investment Funds Institute of Canada. Total net fund sales tallied $3.72 billion, marking the third consecutive month of sales above $3 billion. Net sales were down from $5.87 billion in […]

By Staff |April 15, 2011

2 min read