Plans must be filed by January 31
Suitability for institutional accounts an outstanding issue
IG reports October redemptions
IGM Financial Inc. today reported a modest drop in third quarter profits compared with a year ago, despite higher fee and investment income. Canada’s largest mutual fund firm with its Investors Group and Mackenzie Financial divisions said Friday it earned $159 million, or 58¢ per share, for the three months ended September 30. That compared […]
Hunter retiring as president, CEO of Mackenzie Financial Corp.
Planner wins for fifth time in six years, but ratings fall in 14 categories; Manulife Securities, Laurentian Financial gaining fast
Average AUM has barely budged in the past year, moving to $18.3 million from $18.1 million
The mutual fund industry continued to enjoy strong net sales in April. The Investment Funds Institute of Canada says that net sales, excluding re-invested distributions of $284.3 million, totalled $1.4 billion.“Net sales are the strongest for an April since 1998. Sales for the first four months of 2004 totalled $12.3 billion, compared with $8.8 billion […]
Takes 74% stake in financial planning firm
IPC Financial Network Inc. says it has received the final order of the Ontario Superior Court of Justice approving the proposed plan of arrangement by which IGM Financial Inc., formerly known as Investors Financial Group Inc., will indirectly acquire through a wholly owned subsidiary all of the issued and outstanding common shares of IPC.The arrangement […]