JovFunds Management - Changing lanes



Structured products issuance in the Canadian market has been sluggish since the start of 2008 and this pace is likely to continue amid a year of widespread economic uncertainties. Closed-end funds, for example, are on target to achieve approximately C$3.5 billion (US$3.46 billion) in new sales this year, which is around half of the C$7 billion reaped on average in previous years.

"The trend is definitely for a soft 2008 for structured products issuance, for several reasons," says Adam Felesky, c

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