Elective eye surgery has people around the world tossing their spectacles
ClaringtonFunds Inc. is asking investors to vote next month on the proposed merger of 13 of its mutual funds into existing Clarington funds, subject to regulatory approval. The company says the mergers will reduce ongoing expenses to investors because of increased economies of scale. The proposed mergers will affect the following funds:> Asia Pacific Fund, […]
Manulife Mutual Funds plans to terminate all series of MIX AIM American Mid-Cap Growth Class and MIX Global Sector Class, effective Sept. 30. As well, all series of Elliott & Page Asian Growth Fund will be terminated, effective Dec. 15. The company cites the high cost of managing smaller funds for its decision. Investors must […]
Scotia Securities Inc. has announced that Alliance Capital Management Canada Inc. will take over as portfolio advisor for Scotia European Growth Fund, effective June 27, 2005. Alliance, a wholly owned subsidiary of global investment firm Alliance Capital Management LP, replaces Bank of Ireland Asset Management (U.S.).
Toronto-based AIM Funds Management Inc. has appointed Alfred Samson to its fixed-income portfolio-management team. Samson has 14 years’ experience managing fixed-income securities; his most recent position was at a major Canadian insurance company, at which he managed more than $4 billion in bonds. Samson joins AIM Trimark managers Rex Chong, Anthony Imbesi and analyst Gary […]
MRS Inc. and Mackenzie Financial Corp. have announced shareholder approval of the merger of Keystone Premier Euro Elite 100 Capital Class into Mackenzie Ivy European Capital Class, and Keystone Premier Global Elite 100 Capital Class into Mackenzie Ivy Foreign Equity Capital Class. The mergers take effect immediately.
Mackenzie Financial Corp. has appointed Toronto-based Laketon Investment Management Ltd. as subadvisor to Mackenzie Maxxum Growth Income Fund, effective June 24. The fund, previously managed internally at Mackenzie, will be renamed Quadrus Laketon Fixed Income Fund on the same date. It is offered exclusively through London, Ont.-based Quadrus Investment Services Ltd.
RBC Asset Management Inc. has launched RBC US$ Income Fund, a mutual fund aimed at investors who spend a large part of their time in the U.S. and want to maintain some assets in U.S. dollars. “Because the fund pays a regular distribution, it’s perfect for snowbird clients who have ongoing income requirements in the […]
It was a short retirement for Peter Marshall. Less than two years after bidding the industry farewell, the former chairman, CEO and CIO of Halifax-based Seamark Asset åManagement Ltd. has returned to his post at the firm, following the resignation of Robert McKim on May 24.McKim, who succeeded Marshall as president and CEO in 2004, […]
Women are moving into middle and senior management at the banks and credit unions