IFIC stresses domestic regulation of money market funds in submission to IOSCO
Equity fund redemptions spike to $1.6 billion
Year-to-date sales top $15 billion
An intergovernmental agreement would be the best way to address the potential issues that may arise in Canada from proposed U.S. regulations
Money market funds remain in net redemptions
Bond fund sales up sharply from last year
Elimination of fund manager exemption would create inefficiencies, says De Laurentiis
IFIC says existing exemptions should be maintained; FAIR Canads says premises underlying existing exemptions are flawed
Bond funds were the top-selling asset class
The proposed rule erects a barrier between the Canadian mutual fund industry and its Canadian clients, especially snowbirds