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MutulFund.ca - Bank Funds - Bank Mutual Funds

Bank Funds:There are more than 7 major banks or near banks in Canada. Mutual Fund Sales are a natural extension of retail banking since the big Banks created a trend in the 80’s by getting back into mutual fund distribution with a vengeance. Banks tended to stick to making money in old fashioned ways.  Merging and acquiring strategic investment arms with well established IDA and Mutual Fund Firms. What one bank does to make money the others are sure see and always want to follow; the next most fashionable way to make more money. Bank Mutual Funds may account for close to 25% of the entire $704 billion dollar market. Bank Funds are now selling other traditional Mutual Fund Company offerings for even greater selection of performing mutual funds; however they come with a greater price often with less service when comparing the advisor channel to the large retail bank system. Bank Funds have not been reported on directly, Mutual Funds Canada with BankFunds.ca look to provide consistent information that will track all bank funds, all bank family of funds and comparative overall bank fund analysis. Canadian Banks have a monopoly on distribution of funds because of their retail operations although tied selling is frowned upon.  Independent advisors closely attached to 120 Mutual Fund Dealers control only a fraction of the mutual fund market at 10% let alone Investors Group the largest captive dealer that controls 60-70% of the entire Mutual Fund Industry. Top Ten Funds and Family of Funds will closely rank, rate, screen and continuously report and advise on the best mutual fund in every category available for all Bank Funds.

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ck varshney said:

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November 19, 2008 10:02 PM

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