Company: Investment Funds Institute of Canada

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Mutual funds industry assets under management slip to $1.4 trillion

Overall mutual industry net sales through the first half of 2017 were almost double what they were a year ago, according to IFIC data

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  • By: IE Staff
  • July 4, 2017 December 19, 2017
  • 14:30

Total industry net sales were $26 billion for the five months ended May 31 compared with $15.1 billion in the same period last year

Paul Bourque named as new head of IFIC

Paul Bourque advocated in a speech that investors should be given a choice in terms of how fees are paid

The organization recommends a variety of measures, including capping trailer fees, in response to the CSA’s consultation paper

Although some countries have banned embedded commissions or adopted a best interest standard, most have just sought to enhance disclosure

The firm was created late last year following the Front Street Capital and Aston Hill Financial merger

Total net sales rose by 70% during the first four months of 2017 compared with the same period a year earlier, IFIC reports

IAP calls on regulators to eliminate embedded compensation

Industry group says DIY investors should not be paying fees meant to cover advice