Worldsource launches new brand for fund dealer unit
Worldsource Financial Management
- By: IE Staff
- July 17, 2003 July 17, 2003
- 14:30
Worldsource Financial Management
Decision driven by weak sales
$1 million in proceeds to fund sales growth
Brandes, Franklin Templeton funds added
MFS Institutional Advisors dropped from several funds
Sun Life acquisition boosts revenue
Investors dump money market funds
Third-straight month of strong performance for mutual funds
Combines Royal, RBC Advisor funds in one family
Unitholders benefit from ongoing professional management
But assets rise for third straight month: IFIC
Blames high-volume traders for drop in assets
Sub-advisory relationship with Altamira effectively over
Part of the development of a new Canadian value platform
Mergers effective June 27
Business as usual at institutional and retail level
Changes to generate administrative efficiencies
Fees determined by assets under administration
Planned move to weekly pricing
Independent body to review fund holdings
TD Private International Equity Fund to be handled in-house
Revisions to underlying fund target weightings
imaxx guaranteed investment funds
Long-term fund sales modestly positive in May, IFIC says