Vancity’s decision to remove Enbridge from a pair of Inhance socially responsible (SRI) mutual funds came as a surprise, since divestment is relatively rare. But experts don’t expect an exodus from Enbridge.
As the global ETF industry approaches the $2 trillion mark, the fight for market share has gotten more intense. In the U.S., providers are offering heavy discounts on fees to attract nervous investors, including industry heavyweights BlackRock and Vanguard. Read: BlackRock announces ETF fee cuts However, according to an FT report, industry experts assert providers […]
Standard Life Mutual Funds Ltd. (SLMF) has made changes related to charge structure, trailing commission, new funds and risk rating. They are as follows: Lower management fees On or about October 31, 2012, SLMF will reduce the management fees by 0.20% of the F-Series of the Standard Life Monthly Income Fund, the Standard Life Canadian […]
Morningstar has updated its Stewardship Grades for the second time since June 2010.
O'Leary Funds Management has announced details about the merger of its Hard Asset Income Fund and Global Infrastructure Yield Fund.
CIBC Asset Management Inc. launched Class F-Premium units on three funds within its Renaissance Investments fixed-income line up: Renaissance Corporate Bond Capital Yield Fund, Renaissance Canadian Bond Fund and Renaissance Short-Term Income Fund. Subject to an initial minimum investment of $100,000, this new class is available to high-net-worth clients participating in fee-based or wrap account […]
Invesco Canada Ltd. will be closing Invesco Global Equity Fund (Series A, F and I) on December 21, 2012. Unitholders have the option to switch their investments to any of Invesco’s funds or redeem their units. Read: Invesco to merge global funds Also, Invesco’s PowerShares FTSE RAFI Emerging Markets Fundamental Index ETF will terminate on […]
In Chicago and Munich, researchers asked 360 pedestrians and 160 finance and economic grad students which stocks from the S&P 500 and DAX they knew.
Many people move to give their children access to better education. Yet depending on when those children immigrate, they may not be able to take advantage of the Canada Education Savings Grant.
Barclays’ regulatory woes continue to pile up. A new probe is being launched by the Serious Fraud Office (SFO) in the U.K. for the British bank’s bail-out by the Middle East in 2008. The inquiry focuses on the disclosures of commission payments made by Barclays to secure the bail-out funds totaling £11.5 billion (about $18 […]