Winnipeg Free Press

Winnipeg Free Press (Newspaper) - February 2, 1995, Winnipeg, Manitoba Winnipeg free press business Philip 6977017 a9 february 1995 Mersch inset and other analysts say the Market has already accounted for Canadian political and budget of Mutual interest equity funds a Good buy investment expert by Martin Cash business reporter this time last year average canadians were lining up billions of dollars to invest in Mutual funds for registered retirement savings in Many canadians bought Mutual funds for the first time last but after a year of rising interest rates for guaranteed investment certificates and a poor performance from equity and Bond some of those same people Are now thinking about investing their Money financial advisers and fund managers say that not necessarily a Good they say there Are still some Good reasons to buy Mutual gics Are easy this said Frank Vic president of equities at Altamira investment management when he was in Winnipeg last but with anything that that theres a risk Mersch manages Altamira Canadian equity which have had an annualized rate of return of 22 per cent Over the past seven he said he warned his clients a year ago that 1994 was not going to be a Good year for the Canadian equity it his fund increased in value by Only per cent last but now he believes the Canadian Market is at least is per cent and with an expected 40percent increase in corporate he said Hes bullish on the Canadian Stock Market in Mersch and other Market analysts also remind investors that the Market discounts the uncertainty created by the current Canadian fiscal condition Long before events like the budget or a Quebec referendum take the Market is poised to rebound quickly even if the upcoming Federal budget is perceived As being and As for the Mersch int convinced it will there wont be one a referendum if the numbers Arent he Dave a fee Only financial planner with Macdonald Shymko said the fact Mutual fund unit costs Are Low makes them a Good buy he said the poor performance of Many funds last year May be Good for investors this its not a reason to Stop buying Mutual its a reason to Christianson but Christianson said that last when Gic rates were per he also was reassuring Gic investors that with one per cent gics were still a Good like Many other financial counsels balanced portfolios for he also advises investors not to change strategies because of changes in the economic just because interest rates go up Doest mean you should change your he the advice i give to clients is to create an al weather asset its a similar message offered by Jim president of Winnipeg Summit this its easy to recommend both gics and Mutual Shore Robin Mutual fund manager at Rice financial group said there is no reason to believe there is anything wrong with Mutual were saying there is value in Mutual funds and there priced John Guy Vic president of strategic initiatives at investors said his company tries to manage expectations of he said the volatility in the markets these Days makes it that much More valuable to have the financial planning component that investors groups sales Force Royal bullish on Economy Canadian press Montreal the coming year could be very Good for the Canadian Economy if Ottawa gets its deficit problem under control and Quebec decides to stay in the the Royal Bank fore cast interest rates Are Likely to Start coming the Canadian Dollar should Start moving up and inflation should still be comfortably Low in the second half of the says a report by John the Banks chief he cautioned this forecast could fall apart if Canada Doest get its act to Gether politically and internet seminar if you want Access to the global Market place heres How 1s it 9 3 Holiday inn South 1333 Pembina Highway free software video luncheon 3 keynote speakers for 2533919 fax 2535370 the executive development program the eight module executive development program is designed to equip managers with the cutting Edge vision and analytical skills required to successfully Lead organizations Forward to the next spring95 modules managing Quality productivity with Russell february 1995 managing challenges of the future with John March 1995 associate program mba is a prominent presenter at executive programmes across chairman of Manitoba is a recognized author and researcher on investment and corporate finance both Are distinguished faculty of the University of faculty of the executive development program is presented by the certified general accountants association of Mani Toba and the University of faculty of for further Contact the certified general accountants association of Manitoba number four Donald Street South Manitoba r3l 2t7 Telephone 204 4771256 toll free 1 8002828001 Cha the University of Manitoba the certified general accountants association of Manitoba faculty of management investors likes ideas Mutual report urges controls by Martin Cash business reporter Canadas largest Mutual funds firm Winnipeg based investors group would Wel come any new initiatives aimed at better informing Canadian investors about Mutual a senior company official said were very supportive of Initia Tives that support additional Educa Tion of the Public and training of sales investors executive Vic president Wayne Walker said in reference to a couple of the recommendations in a 256page report released written by Osc commissioner Glorianne the report takes an i depth look at Canadas burgeoning Mutual funds Industry and includes several recommendations aimed at better educating the Public about Mutual the report is to be reviewed by provincial securities and Industry officials say it will be used As a guideline for Strombergh report was sparked by the explosive growth of the Mutual funds Industry in Canada in re cent years it has quadrupled in size since double digit gains much of the increase came in when interest rates on fixed income investments were Low and the Stock Market was posting Dou ble digit now that situation has and canadians love affair with Mutual funds has but net sales in 1994 still topped and canadians held Mutual funds invest ments Worth billion at the end of the Stromberg said most of the prob lems with the Industry have been caused by the massive who is the regional Board member of the investment funds Institute of Canada is one who says investors dont necessarily need More what they need is better other recommendations made in the report include form a National commission to regulate investment funds form a National self regulatory body with mandatory membership to enforce fair business Banks and Trust companies should be allowed to sell other companies Mutual registration for fund managers and including financial plan ners should be boards of directors of investment funds should have a majority of in dependent Money Market funds should not be permitted to use theres nothing in the report that Points the Industry in a radically new Walker it re endorses whats already happen stepping Stone Dave senior counsel at the Manitoba securities theres nothing in the report that comes out of left he this is a far reaching re port that covers lots of it will be a stepping Stone for regulatory changes that might occur in the in Walker said Hes not sure Why Stromberg suggested that another body other than Ifica should function As the self regulating body for the Industry sales we think Ifica is positioned to do that Job its logical for it to play a key were already bringing All the players Walker said investors be ing a Manitoba based might find it a nuisance if a National securities commission did away with the localized presence that the Small Manitoba securities commis Sion provides to Manitoba Compa attention yellow pages advertisers for your convenience its directory publishing will have the following extended business hours february 9th am to pm existing yellow pages advertisers please Call ahead for an appointment with your sales Call mow 9418190 a Pira Clory publishing your retirement should be everything you want it to but the reality is most canadians wont achieve it without a solid financial plan that will consider trim arts careful consistent management approach and ask adviser to put your Asp on a proven path to if you dont have a financial Call us at 1 8004653399 . Afm Makk Mutual funds which state will Vou retire in j vow unit value and investment return important full but is contained in its read prospectus carefully Vou can obtain Triniti if Mutual we ;