CIFPs Costello says advisors must educate the public about the costs of advice
Advisors gather in Niagara Falls
Seeks to promote sound disclosure and marketing practices
Forty-four funds at CI Mutual Funds Inc. have been renamed with “Corporate Class” replacing the former “Sector Fund” designation (for instance, CI Global Value Sector Fund has been renamed CI Global Value Corporate Class.) “The new name helps clear up confusion in the marketplace about the nature of the fund,” says Murray Oxby, CI’s director […]
Goodman & Co. Investment Counsel Ltd. has announced plans to merge 12 funds, citing overlap in their investment objectives. On June 23, shareholders will vote on the following mergers: Dynamic Power American Growth Fund I Ltd., to be rolled into Dynamic Power American Growth Class; Dynamic Focus + American Class, to be rolled into Dynamic […]
In a bid to “move its product upscale,” Manulife Investments has re-branded a series of existing portfolios as Simplicity, a wrap program available in mutual fund or segregated fund form. The change means five seg fund portfolios and three mutual fund portfolios have been renamed under the Simplicity banner, and three new offerings — Manulife […]
Winnipeg-based Investors Group Inc. is asking shareholders of Investors Corporate Bond Fund to vote this month on renaming the fund Investors Canadian Bond Fund. IG says the new name better reflects the fund’s new strategy to expand its investments in the Canadian bond market. All fees and commissions would remain the same. If approved, changes […]
Class-A unitholders of Sceptre Equity Growth Fund will meet this month to vote on an increase in management fees to 1.5% from 1.25%. Toronto-based Sceptre Investment Counsel Ltd. says the hike would cover costs of the additional investment management resources required to research the small-cap companies in which the fund is invested. The company says […]
Toronto-based Acuity Funds Ltd. is seeking unitholder approval to merge the following funds: Acuity Clean Environment Science and Technology Fund into Acuity Clean Environment Global Equity Fund; and Acuity G7 RRSP Equity Fund into Acuity Global Equity Fund. Acuity CFO George Henry says the mergers have been proposed for “operating efficiency gains.” If approved, they […]
Reactions range from mild to fatal; there’s still no cure, but researchers are looking for answers