CIFSC releases inaugural list of Canadian responsible investing funds
Nearly 400 funds have been classified under six responsible investing categories
- By: Melissa Shin
- January 31, 2023 January 31, 2023
- 15:00
Nearly 400 funds have been classified under six responsible investing categories
Three fund managers were lauded for the first time since the awards began
Investors can expect fewer tech launches and greater growth in covered call funds
My Financial Benchmark and Financial Calculators will be in one hub
Bankers' Acceptances, which represent 20% of money market, expected to disappear in 2024
Leverage, disruptive tech, ESG and a series of firsts marked 2022 launches
Fund flows reflected flight to safety, tactical positioning
High quality, longer duration are factors to consider
Purpose is first in Canada with single-stock ETFs, while CIBC launched new Canadian depositary receipts
Data from Morningstar Direct shows that more than 2,000 U.S. mutual funds closed over the past 10 years
Quebec regulator proposes $5,000 penalty if insurers charge DSCs for seg funds
Asset growth has been slow, with about $20 million held in three Canadian funds
Digging deeper into ETFs and portfolio construction
Some strategies have "fair weather correlations" that spike at exactly the wrong time
Higher yields in traditional fixed income may put pressure on industry
Fixed income funds led again, this time with a preference for longer duration
Panellists discussed the funds during the ETFGI summit
NBI launched international equity funds while CIBC released a fixed-income alt
This year has brought new opportunities but also fresh scrutiny
BMO partners with ARK on innovation funds, and Purpose prepares single-stock ETFs
The products would offer exposure to large U.S. names while using covered calls to provide income
Recent launches include Canadian segregated versions of two Wellington funds and a multi-strategy alternative fund