Investors Group, Scudder to create new mutual fund firm
Article Abstract:
Mutual fund companies Investors Group Inc of Winnipeg and Scudder Canada Investors Services Inc of Toronto have formed a new company called Scudder Maxxum Co. The newly formed company will distribute mutual funds under the Scudder and Maxxum brand names. The strategic alliance would allow Investors Group to have a multichannel network that includes direct-to-public sales, a broker dealer network and its own sales force.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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March mutual fund sales dive 50 per cent from 1998
Article Abstract:
Net sales of Canadian mutual funds declined by 50% to C$4.2 billion in Mar 1999, compared with C$8.7 billion in Mar 1998. However, mutual fund assets soared to a record C$340 billion in Mar 1999 from C$325.7 million in Feb 1999 as a result of rising stock markets across the world. Mutual fund sales in Canada are projected to reach $35 billion by the end of 1999, similar to sales in 1998.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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