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PH&N Introduces RBC Institutional Cash Funds

PH&N Introduces RBC Institutional Cash Funds
Philips, Hager & North Investment Management Ltd. (PH&N) has launched a suite of institutional cash mutual funds intended to help treasury managers and others with similar responsibilities increase the return potential of their organization’s short term cash assets. Damon Williams, head of RBC Global Asset Management, institutional client group, and PH&N President noted that ... Full story
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BMO Introduces New ETFs

BMO Introduces New ETFs
Today BMO Financial Group has announced another significant expansion into the ETF market, as they launch nine new funds which bring its product line to a total of 22. This expansion shows BMO’s commitment to this growing industry and providing investors with a full range of investment options. The new BMO ETFs compliment BMO’s ... Full story
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TD Mutual Funds: Strongest October on Record

TD Mutual Funds: Strongest October on Record
TD Asset Management Inc. (TDAM) has reported that long-term fund net sale totalling $624 million for the month of October, and the money market fund net redemption of $46 million. Assets invested in TD Mutual Funds totalled $53.2 billion as of the end of October 2009. This is the second straight month ... Full story
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BMO Nesbitt Burns Group of Funds Changes

BMO Nesbitt Burns Group of Funds Changes
BMO Nesbitt Burns Inc., the manager of BMO Nesbitt Burns Balanced Portfolio Fund, BMO Nesbitt Burns Growth Portfolio Fund, and BMO Nesbitt Burns All Equity Fund has announced changes to the investment strategies of the Funds and a change to a Fund’s name, which will take effect on October 30th, 2009. BMO Nesbitt ... Full story
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Royal Bank Profits Increase by 24%

Royal Bank Profits Increase by 24%
A jump in traded revenues boosted profits by 24% at the Royal Bank of Canada (RBC). RBC posted a net income of $1.56 billion, $1.05 per share, for the three months ending in July. This is up from $1.26 billion or 92 cents per share in the third quarter of 2008. RBC noted that ... Full story
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