Industry News

Investors pull $1.4 billion from mutual funds

Long-term mutual funds recorded outflows of $1.37 billion last week, as investors pulled out of hybrid and domestic stock funds, says the Investment Company Institute. While the funds had mostly seen inflows this year, cautious investors have continually yanked money from U.S. stock funds due to unsteady markets. Last week, the stock funds saw major […]

By Staff |June 14, 2012

1 min read

Roundup: Moody’s downgrades Spain; OPEC mulls oil prices

Spain’s bonds are now just one grade above junk status, thanks to a downgrade yesterday by Moody’s. The ratings agency argues the $125 billion bailout package will make it much harder for the country to pay off debt. And, it warned of future downgrades due to Spain’s weak economy and now very limited access to […]

June 14, 2012

2 min read

MFDA fines manager $50,000

A disciplinary hearing in the matter of Vaughan Spencer was held today in Toronto, before a three-person panel of the MFDA’s Central Regional Council. Spencer failed to comply with the MFDA during an investigation of one of his colleagues at IPC Investment Corporation. On March 1, 2011, Spencer failed to attend an interview requested by […]

By Staff |June 13, 2012

2 min read

Want to improve your e-mails to clients?

Ever wonder why some of your e-mails to clients go unanswered?

By Staff |June 13, 2012

1 min read