As business students from George Brown College found out, sometimes financial advisors can learn a thing or two from their clients. George Brown’s SIFE team (Students In Free Enterprise) won the 2010 HSBC SIFE Financial Education Challenge Regional Championships and will now move on to the national competition in Calgary on May 11th. The competition […]
It is not easy saving for your children’s education and it seems Canadian parents are making things harder on themselves than they need to be. According to the RBC Tax Planning Poll conducted by Ipsos Reid, 42% of parents with young children are not benefiting from the tax savings that are available to them. Of […]
Eaton Vance is the latest mutual fund company to jump on the ETF bandwagon. Founded in 1924, the Boston-based company has filed with the Securities and Exchange Commission in the U.S. signaling its intent to enter into the ETF marketplace. Eaton Vance plans to launch five actively managed ETFs which will target the investment-grade U.S. […]
Global index provider FTSE Group has agreed to allow Hua An Asset Management to use the FTSE 100 as the index for an Exchange Traded Fund (ETF) on the Shanghai Stock Exchange. The FTSE 100 is the leading blue chip index for the UK market representing approximately 85% of the UK market capitalization. “We are […]
Canadian families are bound to be confused. Finance Minister Jim Flaherty’s federal budget vows to slash the deficit but there are few details on how the conservative government plans to do so. With a budget firmly focused on businesses, large and small, there was very little for most families to rejoice about except for the […]
The Alpha Group has many reasons to celebrate. On March 1st, the volume traded in TSX listed securities on Alpha ATS represented a market share of more than 30% across all Canadian transparent marketplaces. The market share in ETFs reached 52.3%. That was 10% higher than the second most active marketplace. In the benchmark index […]
They flopped in January but flew in February. Canadian investment funds focused on domestic equities and sector-specific funds which hold predominantly Canadian content posted strong returns in February, according to Morningstar Canada. Thirty-four of the 43 Morningstar Canada Fund Indices posted gains led by the Morningstar Precious Metals Equity Fund Index with its 6.8% return. […]
A U.S. study indicates that ETFs are very popular with affluent investors. The study conducted in February by Phoenix Marketing International shows that 20% of affluent investors own ETFs and 7% are going to be seeking them out in March. What is even more significant is that 29% of respondents say they will be increasing […]
Jovian Capital is hoping to transform Horizons BetaPro a global player in the ETF marketplace. The company and its subsidiary BetaPro Management Inc. have completed an equity investment in BetaShares Holdings Pty Ltd., a private Australian holding company. BetaPro is the manager of the Horizons BetaPro exchange traded funds. Jovian has bought a 40% equity […]
Direxion Shares is adding two new ETFs to its array of leveraged funds. The new bond ETFs will give investors exposure to three times the daily performance of two-year Treasuries. The Direxion Daily 2-Year Treasury Bull 3x Shares (TWOL) seeks 300% of the daily performance of the NYSE Arca Current 2-Year U.S. Treasury Index, a […]