Mutual fund redemptions rise, but ETF sales up too
ETF sales climb, but mutual funds remain in net redemptions
Finding a place for 60/40 funds after a terrible year
Both mutual funds, ETFs had net redemptions in January, IFIC reports
The $12.6 billion held in these ETFs represented only 3.7% of Canadian assets as of January
The firm also introduced a new inflation-focused mutual fund
Portfolio managers warn that economic optimism could be inflating equities valuations
Equity ETFs drove first-half sales, while mutual funds rose thanks to money market funds
The Canadian equities market began the year on a strong note before the coronavirus pandemic led to a dramatic decline in stock prices
The firm is making a variety of small changes to three of its mutual funds