Canada's Pro-Financial freezes distribution of principal-protected notes


Canadian fund manager Pro-Financial has stopped offering principal-protected notes (PPNs) to investment dealers, according to Ravi Ramaswamy, senior vice-president at Pro-Financial in Toronto.

Ramaswamy says Pro-Financial will focus on distributing more traditional investments such as open-ended funds rather than closed-ended structured notes, although stopped short of saying he would never offer PPNs again. "We still have a few closed-ended products," he says. "But we won't be offering any n

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: