Natixis Global Asset Management Canada and Picton Mahoney Asset Management have officially joined the organization, IFIC announced on Monday
Year-to-date net sales are about half of what they were in 2015
Year-to-date net sales are $23.8 billion, down from $49.8 billion a year ago
Paul Bourque, president and CEO, Investment Funds Institute of Canada, outlines the industry group’s response to the CSA’s targeted reforms and “best interest” standard. He spoke at the IFIC annual leadership conference 2016 in Toronto.
Several proposed reforms “are either impractical, unenforceable, or would adversely affect investors’ access to advice”
Meanwhile, the IFSE Institute notes that it has updated its ETF course to meet the requirements set out in the MFDA’s proposed rule
The trade group supports certain measures, but it recommends the CSA should evaluate the impact of recent reforms before making major changes
Assets under management for the mutual funds industry reached $1.31 trillion last month
Mutual fund industry association welcomes Portland Investment Counsel as new member
Investia’s Stéphane Blanchette elected chairman of the Quebec voice of The Investment Funds Institute of Canada