Mutual funds

Mackenzie changes Focus subadvisor lineup Fallback Image Decorative pattern

Industry

Mackenzie changes Focus subadvisor lineup

Mackenzie Financial has announced that Henderson Global Investors will no longer sub-advise on the Mackenzie Focus Fund and Mackenzie Focus Class, effective March 31, 2011. The funds employ the services of five other management teams, which will continue to serve as sub-advisors. Each portfolio management team of Mackenzie Focus Fund and Mackenzie Focus Class selects […]

By Staff |February 25, 2011

1 min read

IFIC cuts back on stats reports Fallback Image 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

Mutual fund sales top estimates Fallback Image 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

Manulife buys Optique Capital Management Fallback Image 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