AIM Trimark caps successful fund
Trimark Advantage Bond Fund
- By: IE Staff
- May 20, 2003 May 20, 2003
- 10:10
Trimark Advantage Bond Fund
Prinicipal is guaranteed
Investors dump money market funds
Fund will invest in corporate bonds, income trusts
9 out of 10 funds gain ground: Morningstar survey
Declining markets shrink assets
Management fee being reduced effective June 1
Barclays Advantaged S&P/TSX TM Income Trust Index Fund
Active fixed-income managers perform well: Russell Canada
New portfolio management and investment strategy
Goodman to manage repositioned funds
Replacements named for chairman, CEO
Will allow short-term corporate bonds
Net redemptions estimated at $1.6 billion: IFIC
Fund of funds is RSP eligible
Potential for monthly-tax efficient income
Units eligible for inclusion in RRSPs, RRIFs
Proposes merger with Hirsch Opportunistic Canadian Fund
Preservation funds closed to maintain optimal size
Reduced expenses offset drop in revenues
New funds use "fund of funds" structure
Several funds close to new purchases
Business park to be managed by pooled fund
Cambridge, Trans-Canada funds to move to Mavrix