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first_img whatsapp whatsapp Tags: NULL M restaurants to serve up second site M restaurants is to open a second venue half a year ahead of schedule, the firm said yesterday, after a strong first six months. In the first three months of 2015 the M Threadneedle Street venue enjoyed results 24.8 per cent above its earnings before interest, tax, depreciation and amortization budget. Show Comments ▼ center_img Express KCS Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesBuzzdaily WinnersCasinos Don’t Expect You To Do This; But They Can’t Stop You.Buzzdaily WinnersComedyAbandoned Submarines Floating Around the WorldComedyzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEliteSinglesThe Dating Site for Highly-Educated Singles in ScottsdaleEliteSingles Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap Monday 22 June 2015 8:43 pmlast_img read more

first_img© Karenr Ford claimed that the decision was made on commercial grounds and not influenced by the attacks from the incoming president’s camp. But Trump’s side was quick to paint the decision as a victory and promised further action.Thus followed tweets targeting General Motors, Toyota and, later, German carmakers, threatening 35% tariffs on cars made in Mexico and sold north of the border.So far, no carmaker other than Ford has signalled second thoughts over a planned investment in Mexico – BMW confirmed it would proceed with its investment in the country.However, the incoming US administration’s stance will affect flows to and from the US and Mexico, believes Toni Fondevilla, executive vice-persident, global automotive sector, at CEVA Logistics.“I think everybody is re-thinking their strategies, not only OEMs, but also first-tier suppliers,” he said.According to the Center of Automotive Management at the University of Applied Sciences in Bergisch Gladbach, Germany, a 35% tariff on cars would force manufacturers to revisit their calculations and reconsider if their planned investment in Mexico would still pay off.Car production in Mexico has gone through the roof in recent years. Last year, assembly plants there turned out 3.4 million vehicles and output is projected to reach 5.1 million units a year by the end of the decade.The country ranks fourth in the global exporter list and seventh on the producer list. Today, 17 global brands have manufacturing plants in Mexico, and new facilities for Toyota, GM, Daimer, BMW, Honda and Kia are planned.Besides low labour costs, the country offers easy flow of parts and vehicles, thanks to free-trade agreements with 46 countries. Up to 80% of the vehicle production in Mexico is exported, and three quarters of this heads for the US, with another 10% destined for Canada.Auto executives in Canada were hoping that the new protectionist stance in the US would only target Mexico, but recently there have been signals that punitive tariffs would also be imposed on cars made in Canada.Mr Fondevilla predicts repercussions on a global basis, pointing to the next president’s comments on NAFTA and the Trans-Pacific Partnership.For the automotive sector he sees three likely scenarios: OEMS may shift some production to the US; their suppliers may feed those plants from Mexico or in the US, depending on whether the tariffs are extended to auto parts; or OEMS may shift their strategic focus away from the US to other markets.Thomas Reuter, CEO of Air & Sea Logistics at Dachser Group, reported that his company had not had any news from its customers in this sector. He says auto makers will follow developments closely but adopt a wait-and-see attitude until it becomes clearer how much of the rhetoric from the election campaign will turn into government action.These developments have no impact on Dachser’s planned network expansion in the US, he added.Cathay Pacific carries some automotive traffic on freighter flights to Mexico, which are routed over Los Angeles.“To date we have not received any advice from our partners of a change in pattern. Mexico demand remains strong from Asia,” said Mark Sutch, general manager of cargo marketing and sales.He thinks it will take time for changes by the new US administration to trickle through.If the tough stance in Washington continues, Mr Fondevilla does not expect a cataclysmic change in the short term. More likely, investment plans for Mexico would be scaled back or shelved, leading to a gradual change in auto supply chains, he added. By Ian Putzger 18/01/2017center_img Celebrations at the opening of the latest automotive logistics processing facility for Wallenius Wilhelmsen Logistics this month may not have been too boisterous. The facility is at Audi’s new car assembly plant in San José Chiapa, Mexico, and is the logistics provider’s ninth branch in the country.The auto industry has been on the receiving end of a salvo of tweets from US president-elect Trump, threatening punitive action for companies that produce cars in Mexico with a view to selling them in the US.The tweets have created uncertainty over the future direction of car production in Mexico and the supply chains of auto makers involved there.The protectionist camp claimed a first victory on 3 January when Ford, an early and continuous target of Trump rhetoric in the election campaign, cancelled plans for a $1.6bn assembly plant in Villa de Reyes and would invest in a facility in Michigan instead.last_img read more

first_img By Alexander Whiteman 30/01/2019 ECS Group has launched a product aimed at integrating the cargo activities of airlines, including cargo sales and management.The GSSA’s Total Cargo Expertise (TCE) platform manages operations, sales and security collectively or individually.“Airlines have strong demand for tailored services, some also want to delegate cargo activities to a GSSA to streamline costs and maximise revenue,” said chief executive Adrien Thominet.“With TCE, we offer them a network of excellence with expertise across the cargo chain, moving us beyond the traditional role of a GSSA.” ID 67235468 © Ifeelstock | Dreamstime.comcenter_img In recent months, the company has announced a raft of total cargo management (TCM) contracts, including with Air Italy, Jetstar Asia, and Nokscoot. And Mr Thominet said the launch of the new TCE product was “proof” that the company aimed to “break the mould” of the traditional GSSA.“Through TCE, we are also offering airlines the chance to hand over all operational aspect to us through a TCM contract,” he added. ECS referred to a “pending TCM” with a major airline, that it would hopefully be announcing shortly.last_img read more

first_imgPharmalot Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. APStock Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. @Pharmalot Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED Log In | Learn More Tags policySTAT+ What is it? Once again, the European Medicines Agency is taking action against a clinical research organization in India over faulty study data.In the latest episode, the agency recommends suspending more than 300 drugs that are for sale or are being reviewed for use across the continent based on “misrepresentation of study data” conducted by Micro Therapeutic Research Labs, according to this statement.center_img About the Author Reprints By Ed Silverman March 27, 2017 Reprints European regulators recommend suspending hundreds of drugs over troubled studies [email protected] STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Ed Silverman What’s included? GET STARTEDlast_img read more

first_img Comparing the Covid-19 vaccines developed by Pfizer, Moderna, and Johnson & Johnson By Associated Press Oct. 30, 2017 Reprints Vogel told The Times that he will leave nothing overlooked to put to rest much of the speculation on Paddock’s health as investigators struggle to identify a motive for the shooting.The examination will come about a month after Paddock unleashed more than a thousand bullets through the windows of a 32nd floor suite at the Mandalay Bay casino-hotel into a crowd below attending an outdoor country music festival. After killing 58 people and wounding hundreds more, Paddock took his own life with a shot through his mouth, police say.Investigators working around the clock remain frustrated by a lack of clues that would point to his motive. Authorities have resorted to putting up billboards in southern Nevada seeking tips and now the intensive brain study that medical experts say likely won’t yield definitive answers.If a disease is found, experts say it would be false science to conclude it caused or perhaps even contributed to the massacre, even if that explanation would ease the minds of investigators and the world at large.“There’s a difference between association and causality, and just because you have anything, doesn’t mean it does anything,” said Brian Peterson, president of the National Association of Medical Examiners and chief coroner of Wisconsin’s Milwaukee County.The microscopic study is not a standard practice but is regularly used as needed. Families sometimes request such a detailed examination to better understand their own genetic risks. This undated photo provided by Eric Paddock shows his brother, Las Vegas gunman Stephen Paddock. Courtesy of Eric Paddock via AP Associated Press Peterson said it’s also common in high-profile cases such as Paddock’s, where so much is riding on the results that all forensic options must be exhausted.Douglas Fields, a neuroscientist who studies the rage circuit in brain systems, said horribly violent events, such as mass shootings and terrorism, rarely involve actual brain abnormalities but can be triggered by psychiatric problems.Perpetrators often are suicidal psychopaths who are motivated to commit heinous crimes because they have internalized their isolation and anti-social behavior as an existential threat for themselves, he said.“When police look for motive, it’s kind of misplaced in cases like this because they appear to be crimes of rage. There’s no motive for crimes of rage. It’s a crime of passion,” Fields said.One such case involved the University of Texas shooter Charles Whitman, who fatally shot 13 people in 1966 from a clock tower on the Austin campus. Whitman was found to have a pecan-sized tumor in his brain, though the suggestion that it caused his rampage is still debated decades later.Peterson, who is not involved in the Paddock case, said an initial inspection that is standard for any autopsy would generally include dissecting the brain at one-centimeter intervals to look for issues identifiable to the trained eye — infection, tumor, symmetry, bleeding and blood vessel abnormality.A further study would involve a microscopic focus on the tissue cells, such as using stains to determine different types of dementia and other degenerative diseases, including chronic traumatic encephalopathy, which is sometimes found in people who have suffered repetitive brain trauma. LAS VEGAS — Scientists are preparing to do a microscopic study of the Las Vegas gunman’s brain, but whatever they find, if anything, likely won’t be what led him to kill 58 people in the worst mass shooting in modern U.S. history, experts said.Stephen Paddock’s brain is being sent to Stanford University for a months-long examination after a visual inspection during an autopsy found no abnormalities, Las Vegas authorities said.Doctors will perform multiple forensic analyses, including an exam of the 64-year-old’s brain tissue to find any possible neurological problems.advertisement Related: Related:center_img About the Author Reprints The brain will arrive in California soon, and Stanford has been instructed to spare no expense for the work, The New York Times reported. It will be further dissected to determine if Paddock suffered from health problems such as strokes, blood vessel diseases, tumors, some types of epilepsy, multiple sclerosis, degenerative disorders, physical trauma and infections.Dr. Hannes Vogel, Stanford University Medical Center’s director of neuropathology, would not discuss the procedure with The Associated Press and referred questions to officials in Clark County, where Las Vegas is located. They also refused to provide details.advertisement Trending Now: There also would likely be a review of the brain at a molecular level though DNA, Peterson said.Experts say the brain study on Paddock will be a worthy effort for scientific reasons.Dr. Paul S. Appelbaum, a psychiatry expert at Columbia University, said that at minimum, it might yield something even tangential that can be passed on to the public, such as awareness for psychological disorders or brain diseases.“Are we ever going to know for certain what caused his brain to do that?” Appelbaum asked. “Probably not from a neuropathological examination, but it’s not unreasonable to ask and see whether it might contribute to our understanding of what occurred.”— Sally Ho Why are kids of older dads at higher risk for mental illness? It’s past time to include mental health into the doctor’s office visit HealthDoctors prepare for deep dive into Las Vegas shooter’s brain last_img read more

first_img— Major challenges in the development, manufacturing, and testing of viral vectors, and possible solutions;— A close look at the status of gene therapies in 10 disease categories that are advancing through preclinical studies or are being tested in early-stage clinical trials;— And perspective on the U.S. Food and Drug Administration’s approach to regulating viral vectors.The report — “The STAT guide to viral vectors, the linchpin of gene therapy” — is intended for anyone with a strong interest in gene therapy, including biotech executives, investors, scientists, lawyers, policymakers, and patients and families interested in learning more. Our aim is to make the problems, stakes, and possibilities clear to everyone.To buy the full report, please click here. In the LabNew STAT report explores viral vectors, the linchpin of gene therapy STAT staff Gene therapy, once dismissed as too dangerous, has made a comeback, with two products approved in the U.S. since December 2017 and hundreds more in the pipeline. STAT’s latest report takes a deep dive into a crucial component of these new treatments: the viral vectors used to deliver gene therapies to cells and organs.As dozens of new gene therapies near the market, we spoke with academic experts, pioneers in the field, and executives with 18 companies, large and small, to identify the most important challenges surrounding the engineering of better vectors, their safety, effectiveness, efficiency, production, and cost — and how key players are thinking about overcoming those hurdles.These engineered viruses are difficult to manufacture, particularly at the massive scale needed for some indications. Scientists are working hard to bring down the cost and speed up the process of making viral vectors, so that all the patients that could benefit from gene therapy will have access to it.advertisement About the Author Reprints Tags drug developmentgeneticscenter_img ADOBE STOCK Beyond the introduction, this report has four major components:— The basics of viral vectors and the history of their development;advertisement [email protected] By STAT staff Dec. 11, 2019 Reprintslast_img read more

first_img Pinterest RELATED ARTICLESMORE FROM AUTHOR Previous articleMoment in Time: Throwback to the St Fergal’s Debs 2010Next articleOur pick of the Top Stories of the Week Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. By Alan Hartnett – 25th February 2018 Twitter Brought to you in association with Telfords PortlaoiseOffaly 1-21 Laois 1-16Allianz National Hurling League Division 1B Council Inaccurate Laois suffer hurling league defeat to Offaly Laois suffered defeat at the hands of Offaly in Tullamore this afternoon and are now facing a real battle to keep their Division 1B status.Eamonn Kelly’s men were exposed physically around the field and they never got going in front of goal, firing 13 wides in comparison to Offaly’s five. There was just 12 seconds on the clock when Laois, playing with the wind, took the lead via a point from midfielder Paddy Purcell.Laois were two up after three minutes when Enda Rowland pointed a free from his own 45 – giving an indication of the strength of the breeze.Offaly were level after 12 minutes via Paddy Delaney and Shane Dooley before Laois grabbed their first goal of the National hurling league.Some good play between Ross King and Paddy Purcell results in the latter slamming the ball to the corner of the net from near the end line.But Offaly took the concession of that goal well and shot the next four points to take the lead for the first time by the 19th minute via Shane Dooley, Tommy Geraghty and Joe Bergin and Cillian Kiely.Laois were wasteful in the first half, shooting six wides in total but Podge Lawlor, Ross King and Willie Dunphy all split the posts either side of a Shane Dooley effort to give Laois a slender lead as we entered the final ten minutes of the half.Shane Dooley tied the game again and we were still level after 31 minutes when David O’Toole and Paddy Purcell swapped efforts.The bulk of Offaly’s scores were coming from poor Laois turnovers all over the field and they ended the half with a one point lead.Shane Dooley took his tally to five while Tommy Geraghty cancelled out Willie Dunphy’s leveller to leave it 1-7 to 0-11 at half time.Laois made a great start to the second half with Ross King converting a free and Mark Kavanagh slotting a sideline moments after being introduced at half time.However, Offaly got the next five scores to take a commanding lead. Joe Bergin, David King and Shane Dooley all pointed before Joe Bergin caught a high ball and rammed it past Enda Rowland after 42 minutes.Laois responded via Neil Foyle and King but Offaly kept the pressure on with Joe Bergin taking his tally to 1-4 before Shane Dooley hit his seventh.Dooley then took his tally to nine with a point from play and a 65 to make it 1-20 to 1-11 as we entered the final quarter of the game.Paddy Purcell, Cha Dwyer and Ross King tried to bring Laois back into it but they continued to rack up the wides and trailed by six points with seven minutes to play.Shane Dooley and Ross King swapped frees while Laois had a goal chance but Enda Rowland’s 21 metre free was stopped on the line.Laois kept going and Mark Kavanagh made it a five point game as we enetered five minutes of second half injury time.But that would be it and Laois must now beat Dublin in O’Moore Park next weekend to have any chance of avoiding a relegation final.SCORERS – Laois: Enda Rowland 0-1 (free), Ross King 0-5 (four frees), Paddy Purcell 1-3, Willie Dunphy 0-2, Podge Lawlor 0-1, Mark Kavanagh 0-2, Neil Foyle 0-1, Cha Dwyer 0-1 Offaly: Shane Dooley 0-10 (six frees, one 65), Paddy Delaney 0-1, Joe Bergin 1-4, Cillian Kiely 0-1, Tommy Geraghty 0-2, David O’Toole 0-1, David King 0-1, Dan Currams 0-1LAOIS: Enda Rowland (Abbeyleix); Donncha Hartnett (Mountmellick), Leigh Bergin (Shanahoe), Lee Cleere (Clough-Ballacolla); Podge Lawlor (Ballinakill), Matthew Whelan (Borris-Kilcotton), Eric Killeen (Rathdowney-Errill); James Ryan (Rathdowney-Errill), Paddy Purcell (Rathdowney-Errill); Ben Conroy (Slieve Bloom), Cha Dwyer (Ballinakill), Willie Dunphy (Clough-Ballacolla); Ross King (Rathdowney-Errill), Neil Foyle (Borris-Kilcotton), Ciarán Comerford (The Harps). Subs: Colm Stapleton (Borris-Kilcotton) for Hartnett (22mins), Mark Kavanagh (Rathdowney-Errill) for Comerford (ht), Conor Quinlan (Kyle) for Killeen (42mins), Cian Taylor (Portlaoise) for Dunphy (59mins), Paddy McCane (Rathdowney-Errill) for Foyle (68mins)OFFALY: Eoghan Cahill; Tom Spain, Seán Gardiner, Ben Conneely; David O’Toole, Pat Camon, Paddy Delaney; David King, Tommy Geraghty; Joe Bergin, Shane Dooley, Colin Egan; Cillian Kelly, Conor Mahon, Dan Currams. Subs: Oisin Kelly for Kiely (51mins), Damien Egan for Egan (55mins)Referee: Justin Heffernan (Wexford)SEE ALSO – LIVE BLOG – Follow the Laois hurlers, footballers and ladies footballers in action Ten Laois based players named on Leinster rugby U-18 girls squad Pinterest Twitter Facebook Facebook Community WhatsApp WhatsApp Laois County Council create ‘bigger and better’ disability parking spaces to replace ones occupied for outdoor dining Laois County Council team up with top chef for online demonstration on tips for reducing food waste TAGSAllianz Hurling League Division 1BLaois v Offaly Rugby Home Sport GAA Inaccurate Laois suffer hurling league defeat to Offaly SportGAAHurlinglast_img read more

Keywords Client segmentation,  Investment dealersCompanies Investment Industry Association of Canada After hiring an analyst to take a closer look into the brokerage books at his firm, as well as at each individual broker’s client roster, Ball discovered that not only was the firm “giving business away with equity discounting,” it also had too many accounts per advisor and too many small accounts. As well, 48% of the accounts were stagnant, meaning they produced less than $150 a year in revenue. Ball decided that instead of eliminating all stagnant accounts, he would move those accounts from senior level advisors to a group of younger brokers. He set up a training division and found the new advisors were more than eager to establish client relationships in the industry regardless of book size. “You have to sit down and have the discussion with your top advisors and ask them the hard questions,” said Ball. “Do they need 150 accounts that aren’t generating revenue? What is it doing to their psyche? What is it doing to their team? These are usually the clients that are making the advisor run around searching for dividend cheques but not contributing any other assets” The younger advisors were able rebuild connections with these clients as well as begin to generate revenue, while top producers were able to refocus their energy elsewhere, said Ball. “Our advisors were putting their arms around this big population of clients and not really knowing what part of that population was driving their business so we had to take a timeout and reevaluate,” added Ball. “It was a lot of homework and a lot of statistical analysis but what we learned along the way was critical to us changing the way we did business.” Related news Clare O’Hara Inter-generational wealth transfers: Retaining spouses and children Increased regulation having a severe impact on small dealers Share this article and your comments with peers on social media Small dealers need to understand the full scope of their client base if they want to succeed in today’s competitive market, said Michael Ball, senior managing director at Richmond, Va.-based BB&T Scott and Stringfellow, who spoke at the Investment Industry Association of Canada’s Small and Independent Dealer Symposium in Toronto earlier this week. “We thought we had the traditional metrics on our advisors but we didn’t have a deep enough dive to really understand what was driving their business,” said Ball. “Which in turn drives our business as an overall firm.” Facebook LinkedIn Twitter read more

first_img David Williamson, senior executive vice president and group head, retail and business banking, will take on additional responsibility for bank-wide innovation in an effort to find new ways to make banking more flexible and easier for clients, according to the announcement. Mike Capatides, senior executive vice president, chief administrative officer and general counsel, is tasked with finding ways to simplify the bank to make it “easier for our clients to do business, easier to get work done and to free up resources to reinvest in the business,” states the announcement. Stephen Forbes, currently executive vice president, brand, corporate and client relationships, has been named executive vice president and chief commercial officer, and will take on expanded responsibility for the bank’s goal of becoming the leader in client relationships by enhancing their experience and satisfaction. “[Forbes] will take on expanded responsibility for the bank’s goal of becoming the leader in client relationships by enhancing their experience and satisfaction at every interaction,” the announcement states. Harry Culham, has been named senior executive vice president and group head, wholesale banking. CIBC also announced that Geoff Belsher, group co-head of CIBC’s wholesale banking business will be retiring on Sept. 30. “I would like to thank Geoff for his contributions to our bank. He has been an important part of our team and we wish him much success in the future,” says Dodig. CIBC also announced the following executive changes: Laura Dottori-Attanasio, senior executive vice president and chief risk officer, will take on expanded responsibility for compliance and anti-money laundering. Kevin Patterson, senior executive vice president, technology and operations, will take on expanded responsibility for corporate security. Jon Hountalas, executive vice president, is taking on a new role overseeing CIBC’s business and corporate banking businesses. He will join CIBC’s Executive Committee. Christina Kramer, executive vice president, retail distribution and channel strategy, tales on added responsibility for the operations of President’s Choice Financial, whose personal banking services are provided by the direct banking division of CIBC. She will also join CIBC’s Executive Committee. Sandy Sharman has been named executive vice president and chief human resources officer, with responsibility for talent and people strategies. She too will join CIBC’s Executive Committee. The announcement notes that Steve Geist, senior executive vice president and group head, wealth management, and Kevin Glass, senior executive vice president and chief financial officer, continue with their current responsibilities. Related news Tessie Sanci PenderFund names new SVP for investments TD getting new head of private wealth, financial planning CI GAM names its first-ever head of investment management Share this article and your comments with peers on social media Keywords AppointmentsCompanies CIBC Toronto-based Canadian Imperial Bank of Commerce (CIBC) announced numerous executive changes on Thursday, designed to align the bank’s “focus on being a strong, innovative and relationship-oriented bank.” “We’ve made much progress over the last year to continue to strengthen how we serve our clients,” says Victor Dodig, president and CEO of CIBC, in a statement. “Today’s changes support our natural evolution and build upon our momentum as we head into 2016.” Facebook LinkedIn Twitterlast_img read more

first_img Share this article and your comments with peers on social media James Langton Exchange-traded fund (ETF) sales far outpaced mutual fund sales in August. Equity mutual funds saw net redemptions and equity ETFs produced strong sales, according to the latest data from industry trade group, the Investment Funds Institute of Canada (IFIC).IFIC reports that mutual funds recorded $78 million in long-term net redemptions last month, down from $2.6 billion in positive net sales in July. Keywords Mutual funds,  ETFsCompanies Investment Funds Institute of Canada Thematic funds thrived during pandemic, but watch long-term performance: report Money market mutual funds generated $653 million in August net sales, which offset the long-term net redemptions, producing $576 million in overall net sales.While mutual fund sales were tepid in August, IFIC says that ETFs generated $2.3 billion in long-term monthly net sales, up from $1.4 billion in July.With the addition of $294 million in money market net sales, ETFs recorded over $2.6 billion in total net sales during the month.The weakness in mutual fund net sales in August came as almost $1.9 billion flowed out of equity funds, overwhelming the $1.5 billion in net sales for bond funds.ETFs had the opposite experience, as equity ETFs managed $2.3 billion in positive net sales last month, after $153 million in net redemptions in July. Bond ETFs had net redemptions of $236 million, compared to net sales of $1.4 billion in July.IFIC reports that assets under management (AUM) rose for both mutual funds and ETFs last month, although the two sides of the industry again had distinctly different experiences.Despite the weak net sales, mutual fund assets rose by $1.3 billion in the month to $1.57 trillion.Conversely, ETF assets rose by $2.2 billion last month to finish with $186.0 billion in AUM — but this increase in assets was less than the category’s overall monthly net sales of $2.6 billion. $4.7B flowed into Canadian ETFs in March Laptop on wooden table showing charts and graph Analysis Business Accounting Statistics Concept armpannawat/123RF Related news Mutual fund sales dipped, but still outpaced ETF sales in April Facebook LinkedIn Twitterlast_img read more

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