Northwest to assume ABCP in its money market fund
Action shelters shelters investors from uncertainty in the ABCP market, fund company says
- By: IE Staff
- August 26, 2007 August 26, 2007
- 13:40
Action shelters shelters investors from uncertainty in the ABCP market, fund company says
Money market funds account for $1.14 billion of exposure
RBC Private Global Dividend Growth Pool
Claymore Canadian Fundamental 100 Monthly Income ETF, Claymore Canadian Fundamental Index ETF
Boomers drawn to protection and potential market growth
SRI-firm to buy all of the ABCP held within its mutual funds at 100% of the purchase price plus accrued interest
Smooth transition expected following departure of MacDonald
Market conditions blamed
Income trusts set to remain the highest yielding, most tax effective vehicles in Canada for at least 3.5 years
No exposure to third-party ABCP within HSBC mutual or pooled funds
ABCP in funds sponsored by major Canadian banks
Series structured to pay out a fixed, monthly distribution
Way to manage AGF Global Dividend Fund
Renaissance Investments fund family launches
Company builds on leadership in shariah-compliant category
Three deposit note options
Bank expects to acquire approximately $2 billion in ABCP
Franklin Flex Cap Growth Corporate Class invests primarily in U.S. equities
Unitholders approve mandate change
Merged funds to be renamed Mackenzie Universal Global Growth Class
Halcyon Canadian Demographic Fund to merge with Halcyon Hirsch Opportunistic Canadian Fund
New fund to take bottom up approach
Merger of five funds to take place on September 27
Shareholders approve proposal