Dow Jones reported that a survey of fund managers released by Merrill Lynch & Co. found that, “The proportion of fund managers wanting to see cash returned to shareholders reached a record high of 53% this month, up from 44% in December 2006.”

More »

The Future for Investors was written by Jeremy Siegel who did a study of dividend-paying and other equities. He found that, adjusting for inflation and considering the period from 1871 through 2003, a full 97% of the total return to investors in U.S. stocks came from reinvesting dividends. Only 3 per cent resulted from capital gains.

QUOTE:

A lot of seniors are being taken in on this because they are not getting the yields that they thought they were going to get...We want regulations to police the income trust area, to police it if people are losing their money.

“Tax leakages mean less federal money will be available for health care and social security...a federal regulator should be established to monitor trusts more closely.”

FROM: Tavia Grant and Roma Luciw
For the Globe & Mail
Report on an Ottawa Press Conference