COMMERCE 4PA3 Lecture Notes - Lecture 8: Mutual Fund, Canadian Imperial Bank Of Commerce, Management Fee

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13 Nov 2018
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John vivash (ceo of cibc securities inc. ) wants athena collins to develop a new mutual fund. He(cid:396) (cid:396)ole (cid:449)as to (cid:373)ai(cid:374)tai(cid:374) cibc"s positio(cid:374) as leade(cid:396) i(cid:374) the i(cid:374)dust(cid:396)y. fi(cid:396)st task (cid:449)as to de(cid:448)elop a. Canadian equity fund to add into the hyperion family of mutual funds: what factors are driving changes in mutual fund industry. Amendment to the bank act in 1980"s allo(cid:449)ed (cid:271)a(cid:374)ks to e(cid:374)te(cid:396) (cid:373)utual fu(cid:374)d i(cid:374)dust(cid:396)y. Relatively low barriers to entry makes potential for competition high; other banks started entering: what is industry structure. Funds can flow from investor to firm. Funds can flow from investor to broker. Funds can flow from firm to broker: explain pricing of mutual funds. Cost of mutual funds consisted of 4 main items: Management fee ** this was key price and ranges between 0. 25%-3% of the investment balance. Recoverable expenses (i. e. compliance, legal, auditing, accounting, etc. ) Taxes - 7% of management fees and recoverable expenses.

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