Industry News

IFIC reports strong fund sales in January

(February 16, 2004) Mutual fund sales continued to strengthen in January, with net new sales of long-term funds hitting $1.8 billion, up from $1.3 billion in December, according to IFIC. An additional $292.8 million in distributions was reinvested as well, taking the net sales total to $2.1 billion. Gross sales of all funds, including money […]

By Steven Lamb |February 16, 2004

2 min read

Beware of performance ads, says fund analyst

(February 16, 2004) The mutual fund advertising landscape has changed dramatically this RRSP season. After several years promoting the benefits of long-term investing and financial planning, the fund industry has returned to performance-based advertising. That’s a dangerous game, says analyst Dan Hallett. Historical data on fund flows reveals a strong tendency for investors to chase […]

By Doug Watt |February 16, 2004

2 min read

Lure of the boutique examined in mid-February’s Advisor’s Edge

(February 13, 2004) There’s a certain mystique about breaking free from restraints, choosing your own path and heading out on the open road. Coming on the heels of an era where “bigger is better” was the business mantra, many top advisors are deciding to break away from their bank-based practice and charting a course with […]

By Steven Lamb |February 13, 2004

2 min read

Pension plans targeted by environmental, anti-smoking groups

(February 13, 2004) Two of the country’s largest pension plans are being criticized for their investment policies. Environmental groups are targeting the Ontario Teachers Pension Plan (OTTP), while Physicians for a Smoke-Free Canada is taking on the CPP. Greenpeace and the Sierra Youth Coalition say the OTTP, with $68 billion in assets, is Canada’s largest […]

By Doug Watt |February 13, 2004

3 min read