SPOTLIGHT: LSIFs and RRSPs
Debt-Focused Labour-Sponsored Funds
Labour funds have always been popular
during the RRSP season, largely because
of their enticing tax credits, which range
between 15 per cent and 35 per cent.
But in the three years ended Dec. 31, 2003,
the average labour fund posted an annual loss
of 10.8 per cent. However, some experts predict
that a new batch of labour funds that invest
in debt instead of equity might be popular with
investors. Read Gail El Baroudi's full report.
Take a Pass on ‘Capital Repayment LSIFs’
As Dan Hallett, CFA, writes, Community
Small Business Investment Funds (CSBIF) offering
a repayment of capital at the end of a specified
time frame were good sellers last year, raising
more than $100 million. But Hallett offers a
number of reasons to 'Just Say No' to CSBIFs.
FUND SCANDALS: OSC and Trading Practices...Tom Hockin
OSC Asks Fund Firms for More Data on Their Trading Practices
The Ontario Securities Commission has
asked nearly three dozen mutual fund
companies to turn over reams of information
on their trading practices, as part of its
probe into potential late trading and market
timing. Karen Howlett explains.
IFIC: Not Everyone is Happy with Tom
As Rob Carrick writes, "It's hard to avoid
that nagging feeling that investors aren't
happy with the fund industry." The latest
figures show that while money is flowing
into certain niches, the fund companies that
got fat off the industry's growth in the
1990s are losing money on a net basis.
Read Rob Carrick interview with IFIC's Tom Hockin.
INVESTMENT STRATEGIES: RRSP Gurus, Shunned Funds...
Tips From Pros' Own Portfolios
Gordon Pape, Brian Quinlan, Evelyn Jacks
and Karen Yull share their RRSP strategies
and portfolio breakdown with Jeff Buckstein,
who reveals if these industry pros practice
what they preach.
Read Buckstein's report to compare notes.
Shunned Canadian Funds
Mutual Fund Insight columnist Dan Hallett
searched for overlooked funds with solid
track records and management with strong
style attributes. His four fund picks may
surprise you. Read the full report.
Long-term Targets Can Set Trap for Investors
David Parkinson contends that many investors have
decided to "trade in last quarter's estimates
and earnings for a best-guess on where sales
and profits will be for the next year, or even
the year after that. It amounts to crystal-ball
RETIREMENT STRATEGIES: Reverse Mortgages, RRIF Primer
Reverse on Reverse Mortgages
Fact: More than 5,800 Canadians have reverse
mortgages, secured by about $1.2-billion in real
estate. Opinion: Many pros turn thumbs down on using
reverse mortgages to fund a retirement savings plan.
Older Investors Write Next Retirement Savings Chapter
Gail El Baroudi prepares this primer on
RRIFs, which you can email to clients
who may be turning 69 in 2004.
Read the full report.