Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:TD Mutual Funds Among Hot Canadian Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 16, 2003

TD Mutual Funds Among Hot Canadian Funds

by: Sean Hanna, Editor in Chief

TD Mutual Funds topped the sales charts in Canada for the first quarter of 2003, according to data collected by the Investment Funds Institute of Canada. Total net sales for the sixth largest Canadian fund group hit C$365 million during the quarter ending in March. TD Mutual Funds were also the third best selling family in Canada during March when they gained C$95 million in net sales.

AIM Trimark Investments reported C$109 million in March net sales to lead the list of all funds. Close behind was Scotia Securities with C$100 million in net sales. Mackenzie Financial and ManuLife Mutual Funds tied for third with net sales of C$60 million.

Steve Geist, president of TD Mutual Funds, said that the advisor channel was especially strong during the quarter.

Meanwhile, a number of funds reported significant net redemptions during March as the trade association estimated that all Canadian funds suffered net outflows of as much C$400 million. The largest redemptions were at C.I. Mutual Funds, where investors pulled a net C$180 million. RBC Funds, Fidelity Investments, and Altamira Investment Services also all reported net outflows of more than C$100 million.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use