Finance committee  I echo Mr. Smith's points. I think a broad bandwidth of various different types of input is necessary to accomplish that immense task.

Finance committee  Yes, I can provide a brief example. For instance, if I'm an employer and I want to set up some sort of a deferred plan, I could ask my employees to invest in a retail fund and put their savings in that. Let's say I negotiate an institutional agreement with an investment manager

Finance committee  Thank you, Katie and good morning. To have comparable tax efficiency benefits afforded to retail funds, pooled funds need to meet the 150-unitholder test. This test is easier for retail funds to meet because of the distribution channel that's afforded to them. I can walk into an