This monthly newsletter provides an overview of Canadian mutual fund industry vital signs, product development highlights for the month and interesting facts about our industry.

1. Mutual Fund Monthly Review February 2012
Mutual Fund Industry Vital Signs
Starting assets (January 31, 2012) $652.2 billion
+ net sales $6.4 billion
+/- estimated market effect $8.0 billion (1.2%)
= Ending assets (February 29, 2012) $666.6 billion
Vitals Signs by Fund Category for February 2012
Top 3 Categories Bottom 3 Categories
Asset Growth ($) Global Equity Balanced: $4.007 billion Global Neutral Balanced: -$917 million
Canadian Fixed Income: $1.744 billion Canadian Money Market: -$545 million
Cdn. Div. & Income Equity: $1.729 billion Emerging Markets Equity: -$257 million
Asset Growth Global Equity Balanced: 17.7% Misc. – Geographic Equity: -17.0%
(as a % of starting assets) Global Fixed Income: 12.6% Japanese Equity: -7.2%
Alternative Strategies: 11.0% Emerging Markets Equity: -4.8%
Net Sales ($) Canadian Fixed Income: $2.070 billion Canadian Money Market: -$768 million
Global Neutral Balanced: $1.603 billion Canadian Equity: -$462 million
Cdn. Fixed Income Balanced: $1.299 billion Canadian Focused Equity: -$397 million
Net Sales Alternative Strategies: 10.3% Japanese Equity: -9.5%
(as a % of starting assets) Global Fixed Income Balanced: 5.9% Misc. – Other: -5.7%
Tactical Balanced: 4.5% Cdn. Synthetic Money Market: -4.5%
Performance European Equity: 4.9% Precious Metals Equity: -2.6%
(Fund category averages) Financial Services Equity: 4.8% Cdn. Inflation Protected Fixed Income: -1.2%
Greater China Equity: 4.2% Cdn. Long Term Fixed Income: -0.9%
Note: Asset growth figures can be affected by a change in the number of companies reporting to IFIC and
by fund category changes.
Source: IFIC except for Performance where the source is Fundata.
February 2012 – Did You Know?
Product Development Highlights According to a recent study conducted by Pollara for
Russell Investments Canada launched Russell Global High IFIC, the majority of investors feel the information
Income Bond Pool. The fund’s target asset mix is 60% corporate they receive from mutual fund companies answer their
high yield and 40% emerging-markets debt. Purchase of the questions about their mutual fund investments. Since
new fund requires a minimum $25,000 account size in the 1996 the percentage who feel the information answers
Russell Sovereign funds. most or all of their questions has dropped from 68%
to 63%.
Horizons Exchange Traded Funds launched Horizons High
Yield Bond and Horizons U.S. Floating Rate Bond. The actively Does Information from Mutual Fund Companies
managed ETFs’ management fees are 0.6% and 0.4% respec- Answer Your Questions?
tively for Class E units and 1.1% and 0.9% for the advisor class
(each paying a 50bps trailer). 50%
45%
Dynamic Funds added two new offerings to its DynamicEdge
fund-of-funds suite: DynamicEdge Defensive Portfolio 40%
(neutral asset mix of 80% fixed income and 20% equities) and 35%
DynamicEdge Conservative Class Portfolio (neutral asset mix
30%
of 65% fixed income and 35% equities). The management fees
for the Series A versions of the two new portfolios are 1.75% 25%
and 1.85% respectively. 20%
Claymore Investments launched Claymore Managed Futures 15%
ETF. The new fund provides both long and short exposure to a 10%
broad range of commodity, currency, equity and fixed-income
5%
contracts and is designed to track the performance of the
Guggenheim Managed Futures Index. Management fees are 0 All Most Some A Few None Don’t know
/ Refused
0.95% for the common units and 1.70% for the advisor class
units (paying a 75bps trailer). It should be noted that Claymore Source: 2011 Canadian Investor’s Perceptions of Mutual Funds and
was subsequently acquired by Blackrock Inc. the Mutual Fund Industry.
EquiSoft specializes in the design and development of digital business solutions primarily for the financial industry. For more information please contact:
Jonathan Georges, CIM, FCSI , Vice President, Financial Products. T: 514.989.3141 X 201 | T: 888.989.3141 | Jonathan.Georges@equisoft.com | www.equisoft.com.
©2011 EquiSoft consulting and software solutions.

2. CONSULTING AND SOFTWARE SOLUTIONS
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Please do not hesitate to contact us for more information. EquiSoft
Jonathan Georges, CIM, FCSI CONSEILS ET SOLUTIONS INFORMATIQUES / CONSULTING AND SOFTWARE SOLUTIONS
Vice-président, Produits financiers / Vice President, Financial Products T: 514.989.3141 X 201 | T: 888.989.3141 | F: 514.989.3140
Jonathan.Georges@equisoft.com | www.equisoft.com