Structure could be more widely adopted, allowing efficiency gains
Downsides include higher management fees, hit to total return
All fund categories recorded positive net sales, except for money-market mutual funds
Plus, new offerings from Ninepoint, Manulife, Fidelity and BMO; PFSL updates fund performance reports
On annual statements, clarity on fees slipped, annual survey finds
The pref market took a beating in 2022, but it has enjoyed an extended recovery since
September inflows of $12B bring year-to-date total to $85B
Plus, CI GAM, Dynamic, Mackenzie expand their product lineups and more
The firm's investment fund arm launched three new ETF series this week, on the heels of its 15th anniversary
Plus, new CDRs from BMO; fund launches from National Bank, Global X and TDAM; and a new life insurance app