Volatile markets trim industry assets in July
New telemarketing legislation is coming into force at the end of September that could seriously affect the way financial advisors prospect for new investors and sell new services to existing investors.On Wednesday, July 23, The Investment Funds Institute of Canada (IFIC) will hold a “Do Not Call List” seminar to bring advisors up to date […]
Total assets under management drop
Barbara Amsden has joined The Investment Funds Institute of Canada in the newly created position of director, research & strategy. She will take over responsibility for the statistics area and assist in strategic planning and key projects. Most recently, Amsden held the position of director, capital markets, at the Investment Industry Association of Canada, and […]
Bulk of June sales generated by money market funds
Assets under management hit new high
Year-to-date sales of long-term funds slip into net redemptions
Urges IDA to adopt a flexible approach to performance reporting requirements
Mutual fund industry net sales slumped in April, yet assets swelled, as markets recovered, according to the latest data from the Investment Funds Institute of Canada.IFIC reported that total industry sales came in at $560.8 million, down substantially from the $2.6 billion seen in March, and $2.5 billion in the same month last year. However, […]
Fund sales lower than in previous years