RBC GAM adds three funds
Low price series funds will be for high net-worth investors
- By: IE Staff
- April 29, 2013 April 29, 2013
- 09:00
Low price series funds will be for high net-worth investors
Proposed changes to operating expense charges will result in lower MERs
Investors are using ETFs to achieve exposure in emerging markets, fixed income and specific asset classes
Investment objective changes proposed for 10 Corporate Class funds
NEI Northwest EAFE Fund and Corporate Class have a new mandate and name
Only 10% plan to use long-term care insurance
Fund objective broadens to a multi-cap, multi-sector approach
Consolidation of fund mandates to 61 from 85 will see some sub-brands eliminated
Change in investment objective would see management fees rise
The website allows advisors to learn more about ETFs and to educate their clients about the investment product
Fiera to manage portfolio
Moved aimed at providing greater certainty to investors
Decision follows proposals in 2013 federal budget
Americans in Canada face higher taxes, compliance costs
Investors Short Term Capital Yield Class, Investors Capital Yield Class closed to new investments
Fund aims to provide and annual cash yield of 6-8%
Unhedged funds have the lowest MERs in Canada in their respective asset classes, according to iShares
Changes to Scotia Corporate Class Funds and Scotia Private Corporate Class Pools
Three funds renamed; one fund re-opened
Fund uses forward contracts to lessen the effects of global currency fluctuations on the investor’s real returns.
IFIC says elimination of character conversion contracts will take longer than the 180-day transition period outlined in the budget
Newly acquired Epoch Investment Partners to invest in companies generating free cash flow and effectively allocating capital
Deferred Profit Sharing Plan option added to group retirement plans
Fund company launches new mutual fund and re-names another
Fund’s performance outweighs the loss of tax advantages created through the use of forward contracts, manager says