AIM Trimark reports net redemptions
CI no longer providing statistics to IFIC
Mutual fund sales for October are estimated to be between $1.4 billion and $1.9 billion, according to the Investment Funds Institute of Canada.IFIC added that the bulk of that money is in long-term funds. “October also marked a return by investors to long-term mutual funds,” said Pat Dunwoody, IFIC’s vice president, member services and communications. […]
Calls on government to implement tax pre-paid savings plans
22-member board to guide IFIC
Dollars flow to money market funds in September
Investors avoid investments in long-term funds
Focus to be on representation, advocacy, member services, education and communication
Also calls for greater competition, saying it has benefited consumers in most other industries
Investors park cash in money market funds