Unitholders of Investors Group Inc.’s six Investors Global Series RRSP funds and iProfile Global Equity RRSP Pool have approved the funds’ termination, effective immediately. Shares of the clone funds will be exchanged for units of the same series of underlying funds. Similarly, Ethical Funds Co. in Vancouver has terminated two RRSP clone funds, Ethical RRSP […]
Mackenzie Financial Corp. has launched MSP ArMADA protected deposit notes, available in two versions: Maxxum Yield Class Series 1 and Maxxum Yield R.O.C. Class Series 1. The notes will be linked to the performance of Mackenzie Maxxum Dividend Fund and will mature on or about Nov. 5, 2012. Beginning in May 2006 and on a […]
Montreal-based Gestion Férique Inc. has appointed UBS Global Asset Management (Canada) Co. as investment advisor of Férique European Fund, effective immediately. The fund, which has $62 million in assets, has suffered “disappointing” returns since its inception in June 2003, and needed a manager whose investment style would result in less volatility for unitholders, the firm […]
Disability advisory committee wants to open door so it’s easier for people to get all available tax credits
Clients might not know which expenses can be deducted-and which can’t
Two new portfolio advisors are joining Industrial Alliance Fund Management Inc. Pennsylvania-based Brandywine Asset Management LLC will become the portfolio subadvisor of R Global Value Fund, and New Star Institutional Managers Ltd., based in London, will subadvise on R Global Growth Fund. Industrial Alliance remains the primary advisor in both funds. The new advisors replace […]
ScotiaMcLeod has announced its plans to wind down its nine Pinnacle RRSP funds, effective Sept. 16, 2005. These are:n Pinnacle RRSP American Core-Plus Bond Fund n Pinnacle RRSP Global Real Estate Securities Fund n Pinnacle RRSP American Value Equity Fund n Pinnacle RRSP American Mid-Cap Value Equity Fund n Pinnacle RRSP American Large-Cap Growth Equity […]
Toronto-based Middlefield Group Ltd. has filed a preliminary prospectus for its Equal Sector Income Fund. The fund will be invested in each of the four income trust sectors, as classified by the Toronto Stock Exchange on an equal sector-weighted basis (25% per sector). It will be listed on the TSX after its initial public offering. […]
Connor Clark & Lunn Investment Management Ltd. and Goodman & Co. Investment Counsel Ltd. will join Mackenzie Financial Corp. as subadvisors to Symmetry Registered Fixed Income Pool and Mackenzie Fixed Income Fund, effective Oct. 1. Both Connor Clark and Goodman & Co. will join existing fixed-income managers from Mackenzie and U.S.-based Waddell & Reed.
Newly formed Winnipeg-based Sarbit Asset Management Inc. has filed a preliminary prospectus for its inaugural product offering, Sarbit U.S. Equity Trust. “Your initial product should be something you have some knowledge about, and U.S. equities is something I’ve been studying and investing in for 20 years,” says Larry Sarbit, the company’s founder and former manager […]