Counsel Portfolio Services Inc. is launching a new suite of asset-allocation portfolios.
The new funds, called IPC Focus Portfolios, provide investors with exposure to global large-cap equities.
The following portfolios will be available for purchase on Oct. 19:
- IPC Focus Conservative Portfolio
- IPC Focus Balanced Portfolio
- IPC Focus Growth Portfolio
The portfolios are sub-advised by Picton Mahoney Asset Management, Marsico Capital Manager and Mawer Investment Managers. Mackenzie Investment Management will also manage a bond component in the portfolios.
Management fees for the portfolios are 1.8% for A-class units and 0.8% for F-class units.
Counsel, a subsidiary of Investment Planning Counsel Inc., also announced changes to its IPC Essential Portfolios.
The relevant funds are as follows:
- IPC Essentials Income Portfolio
- IPC Essentials Balanced Portfolio
- IPC Essentials ESG Balanced Portfolio
- IPC Essentials Growth Portfolio
The changes include a fee reduction for the portfolios to 1.45% from 1.55% for A-class funds and to 0.45% from 0.55% for F-class funds.
Counsel has also moved the product’s strategy to a purely index-linked ETF portfolio from a more actively-managed strategy, including the removal of a currency management strategy.