FOCUS - a newsletter from globeadvisor.com
23 May 2003
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SPOTLIGHT: On Wise Investing
It Pays To Inspect Annual Reports
When it comes to stock-picking,
writes Globe and Mail Personal Finance
columnist Rob Carrick, it pays to
peruse the annual report.
Carrick's column explores how to quickly
bypass the promotional puffery and get
down to the nitty-gritty balance sheet facts.
Exchange-Traded Funds Are Suddenly Looking Good Again
What do the 16 ETFs traded on the TSX
have going for them, and might they
be a suitable option for your clients'
portfolios? This article takes a fresh look.
Manager Profile: Cundill Fund Successful With Unloved Firms
"Bottom-fishing contrarian" doesn't
sound like much of a compliment,
but the manager of Mackenzie Cundill
Recovery Fund is proud of this label.
Here, he reveals the tactics that
have made the fund a first-quartile
performer. Key concept: Finding value.
Scam Artists Gain When Stock Markets Fall
A client tells you he's received a
phone call or e-mail telling of an
investment opportunity that offers a
"guaranteed 15% return."
Get acquainted with the tricks and
buzzwords so you can help arm your clients
DEATH AND TAXES: Preparing Clients for the Inevitable
Never Too Early To Put Succession Plan In Place
Two-thirds of Canadian family-owned
businesses haven't initiated a succession-
planning process, which can hurt the
business's ability to survive.
Read the article for some useful tips on
kick-starting the planning.
After-Tax Returns Are What Matter To Fund Investors
Between 1991 and 2001, the average
Canadian-managed equity or balanced
mutual fund lost a full 1.35 per cent,
compounded annually, to income tax
on distributions alone.
Read Tim Cestnick's research and the implications
for funds invested outside of registered plans.
Pension Plans in Peril: OSFI
Why has Ottawa's pension regulator
put many defined-benefit pension plans
on its "watch list"? Because down
markets have put payouts in jeopardy.
Learn how the corporate pensions
your clients take for granted could
be under threat.
INDUSTRY UPDATE: The Fed's Green Light, and Shareholders Seeing Red
Inflation Outlook Spurs Prices
Long-term bonds are being pushed
up on economic news. The Fed's moves have
given a "green light" to bond holders,
and analysts expect inflation to
continue to slow.
Why Not Try Compensating Investors?
Instead of doling out megabucks to
underperforming execs at places like Hollinger
and Magna, Eric Reguly writes, public companies should be letting
investors share in the spoils of success — or
face the consequences of greed.