Mackenzie announces a dramtic overhaul of their fund lineup
Yesterday, the fine folks at Mackenzie announced their plans for a major overhaul of their product shelf. According to the press release (http://www.newswire.ca/en/story/1150831/mackenzie-investments-simplifies-and-strengthens-product-lineup), they are simplifying and strengthening their product lineup. I’ll give them simplifying, but I’m not totally sold on the strengthening. You will get no...
Read MoreCundill Recovery Fund
Q – What is your opinion of the Cundill Recovery Fund? A – The timing of this question couldn’t be better, given that elsewhere in this edition we highlighted the new IA Clarington Sarbit Activist Opportunities Class. This fund is in a similar space in that it has the mandate to invest in companies that are undergoing some sort of recovery situation such as reorganization,...
Read More2013 Budget Impact
Flaherty cracks down on Income Conversion and LSIFs On March 20, Finance Minister Jim Flaherty delivered the 2013 Federal budget. By most accounts, it is described as a “modest budget” in that it contains very little in the way of new spending initiatives and keeps the government on track to eliminate the $26 billion deficit over the next two years. For investors, there were a few changes that...
Read MoreMarket Commentary – April 2012
After posting strong gains in the first quarter of the year, equity markets retreated in April as investor concerns over the European debt crisis returned. The MSCI Europe Index dropped by nearly 3% after credit ratings agencies downgraded Spain’s debt with a negative outlook, hinting that further rating cuts may be coming. Spain paid a heavy price for this downgrade with the MSCI Spain Index plummeting by more than 13% in the month.
Read MoreWRAP Fund Report – April 2012
Fund of Fund or WRAP funds have consistently led the mutual funds sales stats in the past few years. Investor and advisor interest in the products are at an all time high, given the unprecedented levels of market volatility and uncertainty that is prevalent in the markets today. To help you zero in on the best WRAP funds available, we have created our new Monthly WRAP Funds Report that will be...
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