The loan is repayable with interest
Andy Mitchell, who has headed two dealer firms, takes IFIC’s helm as the industry adjusts to a new SRO and disclosure rules
Portfolio advisory changes to certain equity funds have also been announced
The bank also proposed changes to the investment objectives of two ETFs
Two funds will also be terminated
The firm is also renaming certain mutual funds and eliminating the O series of nine funds
The fund company has finalized the merger and renaming of certain funds
The asset management firm is also closing classes of multiple funds
The funds are being eliminated due to asset size and duplication
The changes to six Investors Portfolios will allow for flexibility, the firm says