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Expect more distribution cuts from monthly income funds
I have been writing about Monthly Income funds for more than a dozen years. In my 20-year career, none of my articles or comments have generated as much feedback (or as much anger) as my critiques...
BMO Monthly Income sets the distribution bar unreachably high
This week the Globe and Mail’s John Heinzl took another run at a favourite fund of mine – BMO Monthly Income. It’s not my favourite fund for investment but rather a favourite to...
Monthly Income funds’ payout sustainability – the sequel
Earlier this year, I wrote about how to gauge the sustainability of monthly income funds’ fat distributions so that investors and advisors could make better decisions and set realistic...
This fund is unlikely to sustain its newly-lowered monthly payout
I have been writing articles in the public domain for more than 13 years. No series of articles has generated more interest or feedback than my many critiques and analyses of monthly income fund...
Putting monthly distributions to the test
I don’t make many bold predictions. But nearly a decade ago I did just that in this article. I challenged the most popular monthly income mutual fund of the day, now known as IA Clarington...
Reality Check: Clarington Canadian Income Faces High Hurdle
Last week , I expressed my beef with mutual funds that offer a fixed level of distributions. In particular, I featured the Clarington Canadian Income fund, and its fixed payout policy. For this fund...
Due Diligence Can Distinguish Good from Bad Money Managers
Securities regulators have recently sanctioned a few mutual fund companies for spending excessively on promotional events and gifts to financial advisors who sell their funds. This is harmful to...
Reduced Fund Payout Is Good But Beware of Unsavoury Sales Pitch
I recently wrote about how high-payout monthly income funds are being mis-sold to investors and how some fund companies had provided false and misleading information to at least one end investor. I...
High-payout Funds Are a Cash Flow Mirage
In the world of investing, nothing turns my stomach more than when a member of the investment industry misleads investors and then directly benefits from said misinformation. Usually only subtle...
Beware of aggressive investment product marketing
Aggressive marketing of investment products is nothing new. Throughout my career I have expended plenty of energy pointing out what I believe to be misleading or overly aggressive marketing...
