Plus, more CDRs from CIBC; multiple firms announce fund launches or changes
Quarterly mutual fund sales through the advisor network were up 45% year over year
Big returns from the Magnificent Seven, and elsewhere
Fund investors don't need to allege fraud, court finds
Research finds media coverage boosts fund flows, portfolio allocations
Mutual fund net sales totalled $15.2 billion in 2024, the first year of positive net sales since 2021
Plus, 3iQ looks to launch first Solana, XRF ETFs; asset managers announce multiple new funds
Beaten up mutual funds saw a ‘significant turnaround’ in the second half of the year
Plus, TD expands its ETF lineup, other firms make fund changes
Plus, other firms announce fee changes, fund closures and mergers