Not exact matches
As a result, the
banks argue they would be forced to divest themselves of any ownership interests or sponsorships of Canadian
mutual funds, lest they risk
running afoul of the Volcker rule.
So your
run of the mill stocks, bonds,
mutual funds,
bank accounts, cash value life insurance, and all other financial investments are considered assets.
«We want to provide our Canadian investors with convenient and lower cost access to our longest
running income strategy,» says Michael Kovacs, President & Chief Executive Officer of Harvest, «The new ETF is based on the Harvest
Banks & Buildings Income
mutual fund, a popular strategy designed in 2009, for investors seeking income and potential capital appreciation.»
Just go to the website of any
bank or
mutual fund company, such as Vanguard or Fidelity Investments, and you'll be up and
running in a matter of minutes.
Bank mutual funds are also notorious for playing it «safe» and investing very much like the indexes they track, so if you invest like the index and pay 2 % + fees you will no doubt lag the index by 2 % + over the long
run.
It is much like your
mutual funds SIP s or Recurring deposits in
banks will continue to
run even if the parent dies and the returns will be made available at the stipulated age.