AIM proposes changes to members of its fund group

Article Abstract:

Toronto, Ontario-based AIM Funds Group Canada Inc. will have its unitholders vote on its planned changes, such as investment-strategy modifications for some of its funds and the combination of a number of its funds. Among AIM Funds Group Canada's proposed changes are the combination of its primary Canadian Premier Fund with the AIM RSP Index Fund and the adoption of the new AIM Canadian Bond Fund name for its AIM Global RSP Income Fund. AIM Funds Group Canada's proposed alterations came after the firm's spring-1997 merger deal with Toronto, Ontario-based GT Global Canada Inc.

Comment:

Will have its unitholders vote on planned changes, such as investment-strategy modifications for & the combination of some funds

Stockholder data, AIM Funds Group Canada Inc.

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London Life unveils low-cost segregated funds

Article Abstract:

London Life Insurance Co. is launching 33 new segregated funds that promise to refund up to 100% of the holder's investment, even if stock and bond prices tank. This guarantee applies if the investor dies or on "maturity" of the life policy, often after 10 years. But the guarantee applies to only 75% of the investor's principal on maturity of the contract. The guarantee can also be "reset" periodically, protecting the new value of the investment. The funds will carry expenses in line with costs imposed by the average broker-sold mutual fund.

Comment:

Is launching 33 new segregated funds that promise to refund up to 100% of holder's investment, even if stock & bond prices tank

Product introduction, Life Insurance, Direct Life Insurance Carriers, London Life Insurance Co.

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Templeton plans merger of two funds

Article Abstract:

Toronto, Ontario-based Templeton Management Ltd., the fifth-biggest mutual fund company in Canada, plans to merge the C$128-million Templeton Canadian Asset Allocation Fund into the smaller and better-performing C$64-million Templeton Balanced Fund. The two funds will operate under the Templeton Canadian Balanced Fund. The planned merger is aimed at eliminating duplication in Templeton's Canadian family of funds and bringing unitholders into the stronger performing fund, according to templeton Chief Executive Officer Don Reed.

Comment:

Plans to merge Templeton Canadian Asset Allocation Fund & Templeton Balanced Fund under the Templeton Canadian Balanced Fund

Parent-to-subsidiary activities, Templeton Management Ltd.

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