Sentry Select files preliminary prospectus for new income fund
MBS Adjustable Rate Income Fund
- By: IE Staff
- September 27, 2004 September 27, 2004
- 14:30
MBS Adjustable Rate Income Fund
Exemptions cover registration and prospectus requirements
Canadian market has nearly tripled since 2002
New name, mandate effective September 30
Note offers 8% return
Portofolio manager keeps expenses in check
Make record US$33 billion of U.S. Treasuries since last April
Fund trading practices under review at AGF, AIC, CI, Investors Group
Four fund firms singled out for market-timing are some of industry’s largest
Proposes mergers for several Clarica funds
Adds new Canadian investment portfolio and two new Canadian equity funds
Unitholder meeting scheduled for November
Move will reduce duplication
Manager to provide liquidity through “virtual exchange”
Funds provide tax-efficient income
Five funds offer two levels of protection
Fund managed by TCW features monthly cash distribution
Dividend and income funds show growth
New units for managed accounts and institutional Investors
RBC Global Corporate Bond Fund will invest primarily in investment grade debt
Follows US$450-million settlement with U.S. authorities
Expand ability to invest in U.S. mid-cap companies
Money market funds account for bulk of redemptions
Precious metals sparkle but techs tumble
Hires Harrington Lane to run sessions