Banks stocks up on positive news
But not enough to push up markets
- By: James Langton
- August 26, 2003 August 26, 2003
- 12:00
But not enough to push up markets
Reduce Assante holdings says analyst
Some mutual funds also being merged
Changes pending approval in October
Will operate Assante Canada as a separate entity
Fund closes to new purchases on August 28
Reps prohibited from extending credit to clients
Payments not required to flow directly to reps
Majority of fund groups show positive one-year returns
Investors favour dividend funds
Insurer to offer own family of funds
Index includes Canadian component
Arrow Epic Capital Fund closed to new investors
Family of funds now includes 24 load versions
New name for 1 World Portfolios
Consolidating subsidiaries into new company, taking stake in Fiera International Inc.
imaxxGIF includes 20 seg funds
First month of positive sales since February
National Bank realigns fund responsibilities
Joint Forum says new system will be “great step forward”
Deal with Desjardins Financial to close Sept. 30
Survey shows second quarter results are encouraging, but full-year returns are still negative
Canadian Total Return Bond and Global Total Return Bond now high-yield funds