The new mutual fund invests in the CI First Asset ETF launched in June
Ratings have been lowered for two Renaissance Investments funds
Bond funds saw big sales, while money flowed out of equity funds
OBSI finds seniors complain the most about mutual funds, disclosure issues
Ratings have been lowered for six funds
Changes include fund mergers, reduced risk ratings and new investment objectives
Settlements generate US$89 million in restitution
Firm launched the Picton Mahoney Fortified Income Alternative Fund on Tuesday
New offerings are designed to minimize home country bias
Banks reported some improvement in earnings in the first few months of the year, although most other financial services firms reported decreases