By Fund Library News Wire | Thursday, April 17, 2014
Stock markets advanced broadly on the truncated four-day week ahead of the Easter long weekend, as the S&P/TSX Composite Index rose 1.7% on the week, while the S&P 500 Composite Index rallied 2.7%, for its best weekly gain since last July. Investors regained some optimism after diplomatic discussions in Geneva unwound some of the tension between Russia and the Ukraine. In addition, positive economic indicators released last week bolstered Federal Reserve Chair Janet Yellen’s reassurances last week about continuing low inflation, suggesting that the Fed is unlikely to stray from its current policies.
Fund company:Fidelity Investments Canada Fund type: Canadian Equity Fundata FundGrade® Rating: B Style: Growth at a Reasonable Price Risk level: Medium Load status: Optional RRSP/RRIF suitability: Good TFSA suitability: Good Manager: Maxime Lemieux since November 2009 MER: 2.28% Code: FID 225 (front-end load) Minimum investment: $500
By Fund Library News Wire | Friday, April 11, 2014
We are saddened to announce the death last Thursday of Fund Library contributor David Wm. West after a lengthy illness. He was 55 years old. Born August 18, 1958, in Meaford, Ontario to William and Patricia West, David spent his childhood in Meaford. After attending Wilfred Laurier University in Waterloo, Ontario, David moved to Toronto to take a job with the Canadian Securities Institute. He developed a lifelong interest in investing and financial markets, which grew to include developing courses and teaching at the Canadian Securities Institute and Foran Financial. As a portfolio manager and investment consultant, David worked with R.N. Croft Financial Group Inc. before becoming a full-time freelance writer. His writing credits include stints as a regular columnist for The MoneyLetter and as Editor of The Money Reporter, both published by MPL Communications Ltd., and as a contributor to Canadian Business Online. David joined the Fund Library as a regular columnist in 2010. Fluent in Spanish, he visited Puerto Vallarta, Mexico, frequently, and had planned to move there in retirement. David West died in Toronto on April 3, 2014.