Canadian investors withdrew billions of dollars from mutual funds in September, according to the latest data from the Investment Funds Institute of Canada.Total mutual fund net redemptions were $4.5 billion last month, dropping from just under $800 million in net sales for August, and down from the almost $1 billion in net sales for September […]
Oliver Murray intends to become more proactive in dealing with securities regulators
But some companies saw modest positive net sales while bank-owned firms took a nosedive
The market is surging worldwide and assets are expected to double to US$1.4 trillion in less than two years
IFIC survey finds that clients rely more on their advisors during times when the going gets tough
Businesses will have 31 days to comply with the new legislation, after which failures to comply could result in fines as steep as $15,000 per offending call
Having less choices allows an advisor to make better decision for his or her clients
Unprecedented level of interconnection and interdependence between generations will giver rise to changing investment demands in the next few years
But they also added that the changes to the point-of-sale disclosure are impractical for the mutual funds business
Hard asset funds, payout portfolios, enhanced balanced funds and hybrids are the products of choice for today’s clients