October 20, 2011 at 4:02am
Canadian mutual fund assets sag C$30 bln in Sept
* Equity funds were the biggest losers, down C$1.61 blnOct 18 (Reuters) - Canadian mutual fund assets under
management tumbled C$30 billion ($29.7 billion) in September,
wiping out most remaining year-to-date gains, as equity markets
weakened on fears over the state of the global economy,
industry figures showed on Tuesday.Managed assets were at C$748.6 billion at the end of the
month, compared with C$778.6 billion, according to the
Investment Funds Institute of Canada, which tracks sales for
most of the country’s mutual fund companies.In December 2010, Canadian mutual fund assets were at
C$778.5 billion.The month-over-month decline included C$205.1 million in
net redemptions, compared with net sales of $202.3 million for
the previous month and C$1.33 billion in net sales a year
earlier.Equity fund net redemptions totaled C$1.61 billion,
compared with net redemptions of C$1.59 billion in August.Money market funds had net redemptions of C$248.8 million
versus net redemptions of $4.5 million the previous month.Balanced funds had net sales of C$485.1 million, compared
to C$478.7 million in August. Bond fund net sales came to
C$1.04 billion, versus C$1.26 billion.
October 13, 2011 at 2:18pm
UPDATE 1-Tepco to ask lenders to keep financing at $26 bln -Nikkei
Approval for the first installment, which is due out in
early November, by Economy, Trade and Industry Minister Yukio
Edano and others will clear the way for the public-private
entity to provide help, the daily reported.Tepco had received about 2 trillion yen in financing before
the March 11 disaster and the lenders are expected to maintain
similar levels for a decade, the paper said.
($1 = 76.825 Japanese Yen)
October 12, 2011 at 10:02am
TEXT-Fitch:North American financial institutions drive wider CDS
While European sovereigns saw a reprieve with spreads tightening 2%, CDS on
North American financial institutions widened another 1.7%. ‘The most notable
underperformers were AIG and Goldman Sachs Group , which came out
13% and 9%,respectively,’ said Author and Director Diana Allmendinger.Elsewhere, Germany led the CDS rally in Europe, with spreads finishing the
week 12% tighter after tasting record high levels mid-week. However, ‘Belgium
bucked the trend and finished the week 9% wider, likely due to concerns
surrounding Dexia ,’ said Allmendinger.Fitch Solutions’ Risk and Performance Monitor is a report that gauges CDS
market sentiment and spread movement among major companies and sovereigns
throughout the world on a weekly basis. The Risk and Performance Monitor is part
of Fitch Solutions’ Risk and Performance Platform, which provides a single point
of access for CDS pricing data, market indicators of credit quality from a suite
of market implied ratings models, as well as portfolio monitoring features.The ‘Fitch Risk and Performance Monitor’ is available by clicking on the
above link.Additional insightful market data and analysis is available at
‘Link to Fitch Solutions’ Report: Fitch Solutions’ Risk and Performance
Monitor
October 11, 2011 at 12:44pm
Citizen religion
From Sri Lanka to Spain, this week’s selection of images submitted to Your View depict a wide range of religions. Buddhist Sri Lankans lit candles to mark Vesak Day to honor the birth, enlightenment and death of Buddha, whereas penitents in Spain marked Holy Week with a procession.
View the Your View weekly showcase here.
