SPOTLIGHT: Putting the Brakes on Market
RBC Takes Steps to Stamp out Abusive Trading in its Funds
Bank of Canada has adopted a system to update prices of mutual funds that have
international stock holdings, part of a revamped effort to stamp out abusive
trading in its funds.
The bank's mutual fund arm has recently begun
using the fair value pricing model for foreign stocks to curb market timers who
take advantage of time-zone differences in international funds, where events
after overseas markets close often make prices out of date. Read Karen Howlett's
Market Timing Not Always Profitable: CI Fund
the Globe's recent Mutual Fund Special Investigation
Mutual Funds -- Here's the Best of a Bad Lot
At a time when interest rates are rising and the outlook for bonds is as poor
as it has been in ages, investors are piling into...bond funds. Does this make
sense? Read Rob Carrick's Insight.
Fund Managers Find their Voice
An unlikely group of party crashers upstaged CEOs during this spring's round
of AGMs. Fund managers, typically a low-key group, spoke up to address
corporate governance issues and choppy equity markets. Read Keith Damsell's
Asia Funds Seen as Hot Performers
An estimated $350-million in new investment flowed into the Canadian mutual
fund sector last month, continuing the industry's steady recovery. Read Keith
Moving Stateside...Mortgage Conundrum
Drain: In Search of Greener Grass in the U.S.
For clients who are contemplating moving to the United States, it's important
to note that both tax rates and the cost of living are important factors to
consider before making the move. Tim Cestnick breaks out the numbers.
Mortgages: A Compromise Solution May be Best
One of the most hotly debated, easily answered questions in personal finance
today is whether to lock into a fixed-rate mortgage or go with a variable
rate. Read Rob Carrick's analysis.
View Mortgage Rates on globeadvisor.com:
TODAY'S PAPER: Inter
Partnerships: Inter Investors Have No Say: Would You Sign Up for a Deal like
Raw deal? Inter Pipeline's management firm hires the executives and pays them;
the executives run the company and help find assets to buy; the management
firm takes millions of fees in return. The public shareholders write some big
cheques, yet have no say. Would you sign up for a deal like this? Derek
DeCloet analyzes another deal that leaves shareholders cold.
Exporters Roll with Punches from Stronger Canadian Dollar
The sharp rise in the Canadian dollar wasn't the "knockdown punch" for
exporters that many had feared, with the sector holding up surprisingly well,
according to TD Bank. Terry Weber reports.
Ex-CIBC Broker Faces Fine, Banned for Lifetime
A former CIBC World Markets Inc. broker has been banned from the industry for
life and fined $435,000 for misappropriating clients' money, issuing
fictitious account statements, and personally compensating clients for losses.
Read Karen Howlett's report.