SPOTLIGHT: Millions in Restitution
Big Mutual Funds Agree to Costly Restitution
Four big mutual-fund companies have agreed to pay about
$200-million in restitution for questionable trading practices in what will
be an unprecedented settlement with securities regulators, sources say.
Karen Howlett has the inside story.
Safety the Key for Fund Investors in October
Safe-haven investing in income, dividend and balanced funds
continue to dominate the mutual fund landscape. According to IFIC's October industry sales
figures, investors poured $703.4-million
into dividend and income funds. Keith Damsell
looks at the implications.
PENSIONS AND TRUSTS: Pension Threats,
Pensions Threaten Future Profits, Directors Fear
Canadian board members are concerned that their companies'
traditional pension plans will be a significant drag on earnings, with many
saying the solution is to reduce costs or terminate the plans, a new survey
has found. Janet McFarland investigates.
Pension Funds Get the Cold Shoulder from Money Managers
Lacking Clarity from Ottawa, CI Fund Abandons Trust Idea
CI Fund Management Inc. has ruled out turning the fund company into an income trust, citing legislative
uncertainty. ''We would never go down that road
unless it was crystal clear what the position of the federal government has
on this, and they aren't even close,'' says CEO Bill Holland. Read Keith
With Trusts, Just Focus on the Business
Ever since Canadian investment bankers started cranking out
business trusts for individual investors looking for yield, a line in the
sand has been drawn between those who felt these inventions were just what
the public needed and those that concluded the opposite. Martin Braun looks
at both sides.
PERSONAL INVESTING: Scraping By, Bond
Savings Strategy Couple's Biggest Retirement Issue
A couple we'll call Vivian and Susan have a good life in
British Columbia. Their home is far from the urban rat race, but their
village offers few ways to make money. The result is their combined incomes,
about $45,000, barely cover expenses. Andrew Allentuck explores their
New Exchange-Traded Fund Brings You the Whole Bond Universe
It looks like there's a nice little holiday season present
on the way to index investors. Barclays Canada, the company behind the
iUnits series of Canadian ETFs, announced yesterday that it
wants to convert its 10-year government bond ETF into a new
product that tracks the Scotia Capital Universe Bond Index. Rob Carrick has the details.
THE BIG PICTURE: Looking Forward,
Here's a Look at Longer-Term Factors that Affect Growth
How does an economy grow? The usual answer to that question
revolves around growth in exports and in domestic spending by consumers,
companies and governments. A different kind of answer -- and one that has
become popular among economists around the world -- centres on longer-term
factors. Bruce Little brings us the big picture.
Key for Successful Deal Makers
In the not-too-distant past, brokerage houses were run on relationships. Top
investment bankers were always at the side of corporate chief executive
officers, advising on every strategic move, and being handsomely compensated for
their wisdom. Andrew Willis asks what's changed.