$156.5 million set aside for investors
Plans must be filed by January 31
Suitability for institutional accounts an outstanding issue
IG reports October redemptions
IGM Financial Inc. today reported a modest drop in third quarter profits compared with a year ago, despite higher fee and investment income. Canada’s largest mutual fund firm with its Investors Group and Mackenzie Financial divisions said Friday it earned $159 million, or 58¢ per share, for the three months ended September 30. That compared […]
Hunter retiring as president, CEO of Mackenzie Financial Corp.
Planner wins for fifth time in six years, but ratings fall in 14 categories; Manulife Securities, Laurentian Financial gaining fast
Average AUM has barely budged in the past year, moving to $18.3 million from $18.1 million
The mutual fund industry continued to enjoy strong net sales in April. The Investment Funds Institute of Canada says that net sales, excluding re-invested distributions of $284.3 million, totalled $1.4 billion.“Net sales are the strongest for an April since 1998. Sales for the first four months of 2004 totalled $12.3 billion, compared with $8.8 billion […]
Takes 74% stake in financial planning firm