Canada Trust plans new mutual lineup

Article Abstract:

Canada Trust Co., which has an existing line of 27 no-load funds, is intending to introduce in Canada two new series of mutual funds around the end of 1998. The two new series of funds, which require approvals by provincial securities commissions, enable service and pricing options to be customized to meet particular client requirements. Registered pension plans and group plans will be included in series A units, which will be availed for prices lower than the retail rate. On the other hand, Canada Trust's series B units cover individual investors who are customers of the company's investment counselling and estate and trust services units.

Comment:

Is planning to introduce in Canada two new series of mutual funds around the end of 1998

Marketing procedures, Nondepository Credit Intermediation, Nonbank Credit Institutions, Financial institutions, Canada Trust Co., Article

---

Index funds gain popularity in Canada

Article Abstract:

Net new money poured into Canadian index funds reached C$1.8 billion in the first six months of 1999, up by 36% from $1.31 billion in the year-ago period. Low-fee index funds are managed funds linked to stock or bond indexes, thus, allowing the funds to mirror the performance of the index. The number of Canadian index funds has jumped from 40 to 65 in 1998.

Market information - general, Mutual Fund Mgmt Companies, Portfolio Management, Mutual funds

---

Similar abstracts:

• Abstracts: Ipsco plans new U.S. mill. Goodyear adding 400 jobs at plant in Quebec. Deals put Magna in SUV driver's seat
• Abstracts: United Keno digs up new partner. United Keno changes contractor in Yukon. Manalta Coal approves poison pill on Luscar bid
• Abstracts: GM goal: fire up plants by next week. GM deal renews relations
• Abstracts: GM output near zero as strike continues. Fords exercise family clout; power rests in stock shares, board seats
• Abstracts: UAW plans to turn up heat on Saturn. Rivals make strides after nasty strike

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.