Mutual funds

Decorative pattern

Industry

IFIC cuts back on stats reports

IFIC announced late Monday that it would no longer include sales data for individual fund companies in its monthly sales report. Instead, IFIC will report on sales by asset class and CIFSC category. The decision comes after a string of major companies pulled out of offering such data to the group. “IFIC, as the official […]

By Steven Lamb |February 15, 2011

1 min read

Decorative pattern

Industry

Mutual fund sales top estimates

The mutual fund industry beat sales forecasts in January 2011, with total net sales of $3.05 billion, topping The Investment Funds Institute of Canada’s preliminary forecast of between $2.45 billion and $2.95 billion. Total mutual fund assets ended the month at $641.8 billion, up $6.1 billion from December and a hefty $85.4 billion since last […]

By Steven Lamb |February 15, 2011

1 min read

Decorative pattern

Industry

Manulife buys Optique Capital Management

Manulife Asset Management has acquired the assets of Milwaukee, Wisconsin-based Optique Capital Management, along with eight members of that firm, who will comprise a new equity team. At the end of 2010, Optique’s mutual fund and separate account assets under management amounted to about $800 million. The team will be led by Wendell L. Perkins, […]

By Staff |February 14, 2011

1 min read

Decorative pattern

Industry

CI rebrands Hartford as Castlerock

CI Financial has announced the rebranding of Hartford Investments Canada, which it acquired in December, as Castlerock Investments. The announcement included the launch of four new funds and several portfolio management changes. “Castlerock may be a new name in Canadian investments, but it represents a wealth of experience and expertise,” said Derek J. Green, president, […]

By Staff |February 14, 2011

1 min read