RBC Financial Group and CI Investments Inc. are launching RBC CI Multi-Callable Deposit Notes, Series 1. The notes are linked to the performance of four funds managed by CI: Signature Select Canadian Fund, Signature High Income Fund, Signature Dividend Fund and Signature Corporate Bond Fund. “These notes are a terrific addition to our lineup and […]
Portfolio manager Norman MacDonald is leaving Toronto-based Beutel Goodman & Co. Ltd. According to Toronto-based Hartford Investments Canada Corp., the former Beutel Goodman vice president will no longer be involved in the day-to-day investment decisions of Hartford Canadian Value Fund and Hartford Canadian Equity Fund. Mark Thomson and Andrew Sweeney, both of Beutel Goodman, will […]
With an abundance of tasty holiday treats on the horizon, party-goers are bound to suffer some heartburn. But for some, that heartburn will indicate a much more serious disorder — gastroesophageal reflux disease, a digestive disorder characterized by a burning sensation in the mid-chest, coughing and sometimes hoarseness of voice — that afflicts about five […]
Brokerages line up against investment counsellors
Laurentian Bank of Canada has teamed up with Toronto-based First Asset Advisory Service to introduce M3, a “multi-dimensional” managed account program for investors with $150,000 or more in investible assets. Laurentian says the service aims to diversify in three ways: through the use of several managers, varying asset classes and differing management styles. First Asset […]
CIBC and CIBC Asset Management Inc. have launched FULPAY DARTS deposit notes, Series 1, which aim to provide 100% principal protection. The notes are linked to the performance of two underlying funds, CIBC Monthly Income Fund and Talvest Millennium High Income Fund, which will account for 70% of the notes’ assets. The remaining 30% will […]
Mackenzie Financial Corp. has scheduled a shareholder meeting to vote on a proposal to merge Keystone AIM Trimark Canadian Equity Fund into Keystone Bissett Canadian Equity Fund. Mackenzie says the merger follows a strategic review of the funds and is part of an ongoing series of initiatives over the past several years. “Both these funds […]
Acuity Funds Ltd. has introduced Acuity Dividend Mutual Fund, which invests in Canadian and foreign dividend-paying shares. “This fund really complements our existing income product lineup. We now have everything from a pure income trust fund to a dividend fund, and everything in between,” says Stephen Crawford, Acuity’s senior vice president of national sales in […]
At Hartford Investments Canada Corp. in Toronto, Peter Higgins will assume joint responsibility with existing managers Steven Irons and Saul Pannell for daily investment decisions relating to Hartford U.S. Stock Fund. Higgins is vice president of Wellington Management Co. LLP, the firm that has acted as Hartford’s portfolio sub-advisor since the fund’s inception.
Quebec City-based Industrial Alliance and Financial Services Inc. has appointed Lyxor Asset Management as advisor of Multi-Strategy Fund and Global Trading Fund, effective immediately. “Lyxor has a good track record; it offers good transparency, diversification and uses good strategies,” says Jacques Carrière, vice president of investor relations at Industrial Alliance. Both funds’ current investments will […]