SPOTLIGHT: Funds Still Under Fire
Dreadful September Sales Halt Fund Industry's Winning Streak
Investors yanked an estimated $350-million out of mutual
funds in September, and the industry is expected to report September net
redemptions of between $550-million and $150-million. The results will end
an 11-month winning streak. Keith Damsell adds up the damages.
OSC Wants Investors' Interests to be First Priority
The mutual fund industry should reaffirm that the interests
of investors are paramount, instead of attacking the regulators and the
media over the scrutiny it is facing into alleged market timing violations,
says an Ontario Securities Commission official. Karen Howlett looks at the
OSC Wants Funds to Make Restitution
Market Timing Probe Could Boost Fees
Investors should not expect to see a U.S.-style pullback in
fees or sweeping industry reform as a result of a regulator's investigation
of market timing in mutual funds. Keith Damsell explains.
Seniors Group Seeks More Mutual Fund Regulation
A group representing Canadian seniors wants
increased regulation of the mutual fund industry. The Canadian Association of Retired Persons advocates 17 measures
to reform the sector, including an independent federal agency to oversee
regulatory bodies, new whistleblower legislation and a new
investor protection fund. Keith Damsell checks out their demands.
Instruments, Investor Advocates
Monthly Funds Show You The Money
This is just a theory for now, but a ''show-me-the-money''
philosophy seems to be taking hold among Canadian investors. You can see this
in the continuing net outflow of money from equity mutual funds and the
incredible popularity of monthly income funds, which mix dividend stocks,
bonds and income trusts in a way that produces steady, reliable gains. Rob
Carrick has more.
The Timing is Right For Exchange-Traded Sector Funds
The mutual fund industry's efforts to stamp out market
timing have answered the question of what vehicle is best for playing hot
stock market sectors such as oil and gas. Rob Carrick explains.
Investor Advocacy Seeks its Own Ralph Nader
One of the great untapped sources of renewable energy in
this country is the hot air issued by investor advocates. These guys mean
well. Really, they do. Rob Carrick looks at their concerns.
CASE STUDIES: Family
Trees, Part-Time Work
Retiree Prefers to Sell Too Son
Alex Greenwood does what my idea of a certain type of
Englishman does so well: have many diverse interests. Now 84, he is
president and umpire of a Cricket and Sport Association, and has written his family
history and a biography of Field Marshal Sir Claude Auchinleck, who battled Rommel.
Tony Martin looks at this versatile fellow's retirement strategies.
Health Issues Cloud Couple's Retirement Strategy
In a small city in Ontario, a couple we'll call Bill and
Theresa are raising their one-year-old daughter and paying off their
mortgage. Bill, 37, who does contract market research work, has a medical condition that makes it hard to work
continuously. Theresa, 34, a medical technologist, works two days a week,
spending the rest of her time caring for Sarah. Andrew Allentuck examines
Will Be Financing Boomers' Golden Years?
CPP's New Approach, Reducing Risk
If You Pass On The Upside For Downside Protection ...
People want risk-free stock market investments, so that's
where a growing number of banks, insurers and fund companies are applying
their creative energies right now. If people want to live the fantasy of striking it big without fear of
losing money, then the financial industry is happy to oblige. Rob Carrick
looks how to minimize that risk.