The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fundsters North of the Border Face Even More Migraines Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, May 13, 2013

Fundsters North of the Border Face Even More Migraines

News summary by MFWire's editors

Time to get the mega-size bottle of aspirin. Oh yeah, and don't forget the TUMS, or whatever they use for antacid up north.

The mutual fund industry has four more reasons to worry about doing business in Canada, according to The Toronto Star.

They include:
  • The Canadian government wants to ban "character conversion" funds, i.e. those that use derivatives to change highly taxable interest income in to low-tax capital gains.
  • Canada's securities regulators are ready to go Medieval on financial advisors. For example, the newspaper notes that regulators want "ant statements to clearly set out in dollar terms the annual cost of owning a mutual fund, including all hidden fees. The watchdogs are even toying with the idea of requiring advisors to give greater priority to a client’s best interests than to their own commissions."
  • Critics are getting REALLY vocal on the subject of high management fees.
  • ETFs are taking away flows like bandits.
    In order to gauge the size of your future aspirin and antacid investments, read more in The Star

    Edited by: Tommy Fernandez

    Stay ahead of the news ... Sign up for our email alerts now

  • 0.0
     Do You Recommend This Story?

    GO TO: MFWire
    Return to Top
     News Archives
    2020: Q3Q2Q1
    2019: Q4Q3Q2Q1
    2018: Q4Q3Q2Q1
    2017: Q4Q3Q2Q1
    2016: Q4Q3Q2Q1
    2015: Q4Q3Q2Q1
    2014: Q4Q3Q2Q1
    2013: Q4Q3Q2Q1
    2012: Q4Q3Q2Q1
    2011: Q4Q3Q2Q1
    2010: Q4Q3Q2Q1
    2009: Q4Q3Q2Q1
    2008: Q4Q3Q2Q1
    2007: Q4Q3Q2Q1
    2006: Q4Q3Q2Q1
    2005: Q4Q3Q2Q1
    2004: Q4Q3Q2Q1
    2003: Q4Q3Q2Q1
    2002: Q4Q3Q2Q1
     Subscribe via RSS:
    Raw XML
    Add to My Yahoo!
    follow us in feedly

    ©All rights reserved to InvestmentWires, Inc. 1997-2020
    14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use