December was another negative month for mutual funds, while ETF sales ended the year firmly in positive territory
Ontario court rules that discount brokers' receipt of trailing commissions was not considered illegal before the June 2022 ban
As active equity funds lose ground, passive, fixed income and alternative funds will gain
Also, fewer advisors left the advisory channel as the ban's effects faded
Fund flows reflected flight to safety, tactical positioning
Purpose is first in Canada with single-stock ETFs, while CIBC launched new Canadian depositary receipts
Data from Morningstar Direct shows that more than 2,000 U.S. mutual funds closed over the past 10 years
ETF sales climbed while mutual fund redemptions were steady, IFIC reported
PMs explain their strategies
Big spending packages or tax cuts are probably off the table for the next two years, providing greater certainty