TORONTO, April 5, 2011 /PRNewswire/ -- At $88.73 million, the market capitalization for MIT Financial Group (http://www.mit-financial.com) is 49% higher than it was in early 2010 -- a sure sign, according to the company, that the economy is recovering.
Another indicator of economic recovery: Average returns on MIT Financial Group investments in March 2011 was 7%; the average annual interest on all products in 2010 was over 65%. Both numbers correspond to the company's planned level of profitability.
"The results of the MIT Financial Group and other international investment funds confirm the significant economic improvement in the investment market," stated MIT Financial Group CEO Harry Lloyds. "Additionally, mutual fund yields, though not high, are stable. This suggests the long-awaited economic recovery is very near."
Lloyds points to the Dow Jones, up 6.82% in 2011; NASDAQ, up 4.65%; and S&P, up 4.36% for the year-to-date, as further proof of a rebounding economy.
Mindful of inflation, MIT Financial Group expects to offer two new mutual funds in Euros, rather than in U.S. dollars, by the end of the summer. The company's aim: to protect its North American clients from fluctuations in the dollar.
"MIT Financial Group is committed to achieving the highest interest rates possible and providing industry-leading customer service," Lloyds said. "Offering mutual funds in Euros will help us continue to meet those objectives for our clients as the economy corrects."
About MIT Financial Group
With over 15 years' experience in the finance sector, MIT Financial Group provides clients with a variety of professional financial investment and planning services. The company has grown from its roots as a primarily discretionary investment management-focused firm to incorporate mutual fund opportunities as well as financial planning services for individuals, families, corporations and government agencies. Learn more at http://www.mit-financial.com.
SOURCE MIT Financial Group