Toronto-based Dynamic Mutual Funds Ltd. has launched PRINCIPALPLUS Deposit Notes, linked to performance of six Dynamic funds: Dynamic Power Canadian Growth Fund, Dynamic Power American Growth Fund, Dynamic Focus + Diversified Income Trust Fund, Dynamic Dividend Value Fund, Dynamic Income Fund and Dynamic Canadian High-Yield Bond Fund. The funds were chosen to create a diversified […]
Altamira Investment Services Inc. has bumped up the interest rates for both High-Interest CashPerformer and US$ High-Interest CashPerformer. Effective immediately, the rate of High-Interest is 3.15%, up from 2.75%, and the rate of US$ High-Interest is 3.75%, up from 3.25%. CashPerformer is a daily interest savings account that doesn’t charge account fees or service charges. […]
Toronto-based portfolio-management firm Goodman & Co. Investment Counsel Ltd. has announced a portfolio-management change for Viscount Canadian Bond Pool. Effective Feb. 10, Michael McHugh of Goodman & Co. will take over as portfolio advisor of the pool, replacing co-managers Baker Gilmore & Associates Inc. and Beutel Goodman & Co. Ltd. In addition, Goodman & Co. […]
Sentry Select Capital Corp. has launched Bank of Montreal Sentry Select Canadian Income Deposit Notes Series 1 and Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes Series 1. Both are available for sale until March 10. The notes are linked to the combined performance of an income trust portfolio and a notional bond […]
Money managers are forecasting a modest pickup in economic growth in Europe in 2006 fuelled by the need to cut costs and restructure in order to remain competitive against the low-wage new entrants to the European Union.There are 10 eastern European countries nearing the two-year anniversary of their admission into the EU. They comprise an […]
Toronto-based asset manager Connor Clark & Lunn Investment Management Ltd. has been named portfolio advisor of Scotia-McLeod’s Pinnacle Strategic Balanced Fund, effective Jan. 16. CC&L replaces KBSH Capital management Inc. As well, TD Asset Management Inc., manager of TD Private Funds, has named CC&L as portfolio advisor of TD Private Small/Mid-Cap Equity Fund, effective immediately. […]
Mackenzie Sentinel Income Trust Fund is the latest addition to the roster of funds offered by Mackenzie Financial Corp. The fund will invest in income trusts, business trusts, royalty and resources trusts, real estate investment trusts, utilities and infrastructure trusts. “My philosophy is to have exposure to all parts of the income trust market,” says […]
Northwest Mutual Funds Inc. has filed a preliminary prospectus for the initial public offering of units of Northwest High-Yield Bond Trust. The closed-end trust aims to provide unitholders with an annual distribution of 6.75% in the first year, and to return to unitholders at least the original issue price of the units upon termination in […]
CI Investments Inc. has announced several changes to its small-cap portfolios in a bid to diversify further following last year’s elimination of the foreign-content ceiling. Effective immediately, Calgary-based QVGD Investors Inc. will take over as portfolio advisor of Signature Canadian Small-Cap Corporate Class, with Leigh Pullen and Joe Jugovic as lead managers. The fund, to […]
Calgary-based Hesperion Capital Management Ltd. and Norrep Group of Funds have added two new funds to their product lineup: Norrep US Class and Norrep Income Growth Class. Norrep US invests in securities of small- and micro-cap U.S. equities, and is intended for high net-worth and risk-tolerant investors. “We’re looking for companies with low price/earnings ratios […]