AIC, ACF reviewing whether to cut fees: Firms respond to move by Fidelity

Article Abstract:

AIC Ltd. and AGF Management Ltd. revealed on November 25, 2004, that they are reviewing the management fees investors pay for their mutual funds, a day after Fidelity Investments Canada Ltd. announced that it would slash fees across the board on its funds in January 2005. The investors look forward for lower fees but the industry sources warned on November 25, 2004, that the trend could have a negative impact on the profitability of fund companies.

Financial management, Commodity & service prices, Investment Companies, Open-End Investment Funds, Investment Funds & Trusts, Management investment, open-end, Prices and rates, Investor relations, AIC Ltd., AGF Management Ltd., Company pricing policy

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Last week's rally a help but pros remain cautious

Article Abstract:

Last weeks stock market rebound is being attributed to bookkeeping rules requiring mutual fund mangers to move from cash to stocks before quarter's end. The market remains risky despite the appearance of bargain-price securities.

Security brokers and dealers, Securities and Commodity Contracts Intermediation and Brokerage, Securities & Investment Svcs, Economic aspects, Forecasts and trends, Securities industry, Investment services

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Best and worst fund families

Article Abstract:

The article discusses Canada's mutual fund families, which are mixed, performance-wise.

Brief Article

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