Re: Credit conditions may be affecting MEO
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Message: Selling today
'Fear factor' sees investors bolting equity funds in January
RICHARD BLACKWELL
Saturday, February 16, 2008
Jittery investors, worried about plunging stock prices, yanked their money out of equity mutual funds in January.
New numbers from the Investment Funds Institute of Canada showed net redemptions of $3.1-billion of equity funds in the month, a sharp contrast from the previous January when $1.1-billion went into that category of funds.
http://www.globefund.com/servlet/sto...
Why fund investors are voting with their feet
DEREK DeCLOET
The cruel, cold and slush-filled month of February is the most awful time of the year. Unless, of course, your line of work is selling investments, in which case it's supposed to be the next best thing to Christmas. Most Canadians dislike taxes - more than freezing temperatures, even - and this month provides the final chance to defer some, by shovelling money into your RRSP.
Non-bank fund companies hit by redemptions
SHIRLEY WON
Wednesday, February 20, 2008
Some of Canada's largest non-bank mutual fund companies suffered heavy net redemptions in January - the first month in the key RRSP season.
AIM Funds Management Inc. led the pack with $743.5-million in net redemptions followed by CI Financial Income Fund with $490-million, and IGM Financial Inc. with $346-million in outflows.
http://www.globefund.com/servlet/sto...
That may affect the SP.
ecce
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