Industry News

Fund sales success concentrated

(July 30, 2004) While mutual fund sales have continued to turn in positive monthly performances so far this year, some startling trends have emerged, according to the July issue of Investor Economics Insight. The strongest inflows were not only concentrated among a handful of manufacturers, but were also concentrated among key funds at those firms. […]

By Steven Lamb |July 30, 2004

2 min read

Super SRO for industry to decide, says MFDA boss

(July 29, 2004) The financial services industry will decide whether or not Canada’s self-regulatory organizations should merge, says the head of the MFDA. But Larry Waite says he personally believes a single SRO might be the right way to go. IDA president Joe Oliver floated the idea of combining the IDA, MFDA and Market Regulation […]

By Doug Watt |July 29, 2004

2 min read

Survey finds positive views toward OSC

(July 29, 2004) Despite some complaints about excessive red-tape, the “third wave” of the Ontario Securities Commission’s (OSC) Stakeholder Satisfaction survey shows a largely favourable opinion of the OSC, recognizing its role in regulation and enforcement. “As markets emerge from a protracted period of controversy and change, our research demonstrates that the OSC continues to […]

By Steven Lamb |July 29, 2004

3 min read

Fund sub-advisors fight over shrinking market

(July 28, 2004) While their asset base has grown steadily throughout the market recovery, competition between mutual fund sub-advisors has become fierce, as fund companies seek to cut costs and move management in-house, according to a report from industry analysis group, Investor Economics. “Sub-advisory firms face ever tougher competition from their peers as the number […]

By Steven Lamb |July 28, 2004

3 min read