FOCUS - a newsletter from globeadvisor.com
17 December 2003
to Advisor Focus |
Diversified Income Funds
New Funds Mix Assets in Bid for Higher Income
"There are times when mutual funds really make sense," writes
columnist Rob Carrick.
"Like, for instance, when they mix varying combinations of dividend
stocks, income trusts, preferred shares and bonds in a product that several
firms are calling diversified income funds."
One key benefit is diversification. Certain income-producing assets standing
alone can be volatile, but when these assets are bundled together under
professional management, they can produce a low volatility fund with payouts
ranging from three per cent to nine per cent.
Fund Managers See Strong Returns
Your outlook for equity markets will determine whether you agree with the
bullish results of Merrill Lynch's monthly global fund manager survey or view
it as a contrarian indictor.
Seventy-one per cent of the institutional investors surveyed expect global
equity markets will be higher a year from now. That is the most positive
reading on that question since March. Read Angela Barnes's report.
INDUSTRY FOCUS: IPOs, IP
The Few, the Proud, the GMP Stockbrokers?
In going public, the company formerly known as Griffiths McBurney &
Partners revealed plans to expand, devoting new capital to merchant
banking and building a national network of up to 100 stockbrokers in the next
few years. These expansion plans have been the subject of intense
conversation on the Street. Read Andrew Willis's column to see what
Fund Firm Realizes it's Not a Good Time to be Launching an IPO
The fact that Clarington Corp. has postponed its IPO is telling. With the
Ontario Securities Commission taking a long look at the way mutual funds are
sold in this country, there's not many scenarios that point to mutual fund
companies being worth more in a few weeks, or months, than they are right
now. Read Andrew Willis' full report.
IFIC Defends Canada's Mutual Fund Industry
Canada's fund industry is structurally different from the U.S., according to
IFIC. For instance, said IFIC head Thomas Hockin, 90 per cent of mutual
fund trades south of the border are done through "omnibus accounts," where
brokers or other third parties batch orders from a number of investors.
This practice is not widespread in Canada. Read Andrew Willis' full report.
Cott's button-down executive, ONEX's Gerry Schwartz
CEO of the Year: Cott Corp.'s Frank Weise
"Not exactly charismatic -- just awfully good at fixing courses and reaching
destinations -- Weise, 59, arrived at Cott in June, 1998," writes Michael
Posner. "Chiselling away unnecessary stone, returning to the
core sculpture," Weise engineered initiatives critical to the company's
Onex's Gerry Schwartz: Has he lost his groove?
The outlook for Onex Corp., Gerry Schwartz's storied holding company, is
unimpressive. Here's a quote from the article:
"Everything has gone wrong," sniffs a well-known investment analyst, pleading
for anonymity lest Gerry send out the detectives. "They're having a midlife
PERSONAL FINANCE: A
Unique Stocking Stuffer
Stocking Stuffers for Your Favourite CEO
Here's a top ten list of the 10 best reads in the business book section this
year, as compiled by Harvey Schachter. The list includes Trading Up and Why
The Bottom Line Isn't!