NEI Investments changes fund line-up
Changes include mergers and new investment objectives for funds
- By: IE Staff
- May 1, 2013 May 1, 2013
- 15:40
Changes include mergers and new investment objectives for funds
New series will be for TDAM’s TD Target Return Funds
Horizons will consolidate units of gold ETF in mid-May
Insurer introduces Familylife, withdraws Advantage Series Whole Life product
CFDs will allow traders to diversify their portfolios: Questrade
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.