SPOTLIGHT: Crackdown on Market Timing
Impact of Market Timing: Long-term Investors are Often the Biggest Losers
It's a subject that's often as confusing as it is
unethical. Here, Globe reporter Karen Howlett cuts through the obfuscation and
gives a concrete example of how market timing can harm long-term investors in a
mutual fund. Read Howlett's full report.
Market-Timing Fines Should go to Investors, Advocates Say
OSC Finds Questionable Fund Trading
The Ontario Securities Commission has found questionable trading activities at
some of the eight mutual fund companies it has examined so far as part of its
probe into potentially abusive market timing, industry sources say. Karen
Howlett and Keith Damsell explain.
Wider Crackdown Expected
OSC Strike Against Fund Industry Just First Volley
OSC Can Still Turn Investigation into Victory for Small Investors
Skepticism over Funds Seen Deepening
FUND FEES: Index Fee War is Brewing
Canadian Fund Firms Should Follow U.S. Lead on Price
Investments in the U.S. has slashed MERs on five index funds to 0.10 per cent
from between 0.19 and 0.47 per cent. E*Trade then made things even more
interesting by lowering the MER on two in-house index funds to 0.09 per cent.
If you follow index funds in Canada, laments Rob Carrick, you'll want to weep.
Read his full report.
ECONOMICS: Average Joe's Balance Sheet
Canadian Households Show New Pattern in Financial Condition
Dismal scientist Bruce Little recently encountered a startling statistic:
Canadians' household debt -- mortgages plus consumer credit -- amounts to more
than 100 per cent of their after-tax income. Little explains why the current
trend is significant.
Divorce Industry, Barbarians and Home Renovations
Divorce: The Spoils of Splitsville
For many Canadians, divorce is now the most expensive event in their
lifetimes. There is a litany of statistics: 35% go into debt in the wake of a
marital breakdown; 28% are forced to sell off household items and personal
assets; and another 22% borrowed from family to cover the costs of their
divorce. Read Susan Bourette's expose of the divorce industry.
Leveraged Buyouts: Barbarians Inside the Gates
Pitched battles among the barbarian horde -- the
likes of KKR, Carl Icahn, Bain Capital -- for non-core, poorly managed high
cash flow businesses are the stuff of Wall Street and Bay street legend. John
Lorinc sheds light on the buyout game, and the tactics and sophistication of
its varied practitioners. Read Lorinc's full report.
More than 300 on U.S. Billionaires' Row
Home Improvement: Rona's Bob the Builder
Seemingly overnight, hardware lifer Robert Dutton has taken Rona from
small-town Quebec to a head-to-head battle with Home Depot. His next reno is
the trickiest one yet. Konrad Yakabuski files this report.