Reports of my Death are Greatly Exaggerated
The mutual fund industry has suffered a lot of bad press over the last couple of years. Pressure to reduce fees, competition from alternative products such as ETFs and increased compliance are only a few factors that have dealt the industry many blows recently. Net redemptions for some funds have also suggested that the mutual fund industry is a shrinking market. So is the industry on a downward trend? Not this year! For the 2017 RRSP season fund sales have more than doubled compared to the similar period in 2016. And AUM in February are up over 15% compared to February 2016 topping $1.4 trillion. This is an exciting time for the mutual fund industry according to Investment Executive.