CI’s Bushell: Active Funds at Risk of Being Forced Out of Market

Underperforming active mutual funds will “bleed out” of the market, said Eric Bushell, chief investment officer with CI Investments Inc.

“There’s a big change that’s happening,” Bushell said today at the Bloomberg Canada Economic Summit in Toronto. “There are now more choices, and those folks who haven’t earned their fee are done.”

To contact the reporter on this story: Katia Dmitrieva in Toronto at edmitrieva1@bloomberg.net

To contact the editor responsible for this story: Steven Frank at sfrank9@bloomberg.net

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