COMMERCE 4PA3 Lecture Notes - Lecture 8: Canadian Imperial Bank Of Commerce, Mutual Fund, Management Fee
13 Nov 2016
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Interest rates very high because of high inflation: change of bank act in late 1980s allowed cibc to enter mf industry. Investor to broker: firm to broker, explain the pricing of mutual funds (exhibit 1a) Depends on type of fund: no-load, front-load, back-load, what are some possible future developments in the industry, how is cibc si trying to position itself. Want to be the top mutual fund provider in the industry. Brokers, dealers, financial consultants who sell mutual funds. Key stakeholder in success of mutual funds: portfolio manager. Securities commission would be very interested in structure of fund its innovation would cause scruitinty. Existing investors in hyperion who may want to also invest in the new fund. Athena collins (hyperion trusts) met with john vivash (cibc) to discuss possibility of developing new mf. Vivash"s goal: develop creative investment product that would partner all key parties and appeal to all important stakeholders investor, broker/dealer, portfolio advisor, securities commission, mf company.
