Industry News

December fund sales estimated at $1.6 billion

IFIC expects December to be another strong month for the fund industry, with net new sales estimated at about $1.6 billion, bringing the total for the year to more than $23 billion. Based on preliminary data from some members, net sales for the last month of 2005 are expected to be between $1.4 billion and […]

By Staff |January 4, 2006

1 min read

Briefly:

(January 6, 2006) CI Investments has announced the launch of Portfolio Select Series, a set of nine strategically constructed core portfolios which CI says are customizable to better fit the investor’s optimal allocation. The program offers access to more than 40 CI mutual funds, under the corporate class structure, allowing for switching between funds without […]

By Staff |January 3, 2006

12 min read

Checking up on the fearless forecasters

It’s the time of year when economists and investment managers offer up their predictions for the New Year. We took a look back at last year’s forecasts and checked our scorecards to see how they did. Mercer’s annual “fearless forecast” of 48 investment managers, released last January, proved correct on a number of fronts. Median […]

By Doug Watt |January 3, 2006

2 min read

Well-known manager joins Sprott as firm launches new fund

Peter Hodson has left CI Investments for the second time in little more than a year, this time moving to Sprott Asset Management. The highly-regarded investment manager will join Sprott as an investment strategist, meaning for the interim he will be part of the investment management team, but not managing a specific fund. As a […]

By Mark Brown |January 3, 2006

3 min read