Impressive growth for MD Management
CMAJ 1997;157:502
© 1997 Canadian Medical Association
MD Management, the CMA's wholly owned financial subsidiary, has been enjoying stellar growth in Canada's booming mutual fund market. In a July 25 article, the Globe and Mail reported that the company ranked fourth among 15 companies in terms of asset growth from May to June. The company's mutual funds under management -- the total does not include all the assets it manages -- stood at $6.711 billion at the end of June, up from $6.462 billion in May. The impressive 1-month growth rate of 3.9% placed it well ahead of most other companies; 1 company experienced a decline of 1.7%. Total assets under management, including the MD Income Fund, surpassed $9 billion this summer. The company reached the $1-billion mark in 1985.
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| CMAJ September 1, 1997 (vol 157, no 5)
/ JAMC le 1er septembre 1997 (vol 157, no 5) |
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