Industry

Fund sales continue to slide

Trying times for the mutual fund industry. Already in the post-RRSP season doldrums, fund sales were beaten down by market volatility in May. Net redemptions of mutual funds for the month of May are estimated to be between $1.0 billion and $1.5 billion, according to preliminary sales data released by IFIC. Net industry assets at […]

By Vikram Barhat |June 3, 2010

2 min read

Volatility clips equity funds

The vortex of volatility that characterized markets in May took a toll on mutual fund returns, according to Morningstar Canada. None of the 43 Morningstar Canada Fund Indices was spared the financial contagion, as they all posted losses owing to mounting concerns over the growing Europeans debt crisis. “Joint efforts by European finance ministers, the […]

By Vikram Barhat |June 3, 2010

2 min read

Advisor.ca wins Gold

Advisor.ca was awarded the Website of the Year at the 56th annual Kenneth R. Wilson Awards (KRW Awards) gala held last night in Toronto. Advisor.ca won the Gold for being the website that most successfully fulfilled its editorial mission, effectively served its audience, maximized use of the Internet and represents the highest journalistic standards. “Your […]

By Vikram Barhat |June 2, 2010

1 min read

Charting a course to IIROC

Reams of paper. Thousands of “sign here” stickies. A fully stocked drawer of pens. A generous supply of office supplies isn’t all you’ll need to make the switch from the Mutual Fund Dealers Association of Canada (MFDA) platform to the Investment Industry Regulatory Organization of Canada (IIROC) platform. But it is absolutely essential. Advisors who’ve […]

By Alison MacAlpine |June 2, 2010

10 min read