Mackenzie restructures fund lineup
Consolidation of fund mandates to 61 from 85 will see some sub-brands eliminated
- By: IE Staff
- April 23, 2013 April 23, 2013
- 14:40
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
Aegon, Fiera and Sionna given new mandates
The key performance driver of the PH&N Canadian Income Fund has been the tactical exposure to cyclical stocks
The eleven mutual funds and pools are in addition to a Manulife fund closed earlier this month
The two funds are expected to provide tax-efficient exposure to their underlying portfolios until 2017
Temporary measure follows budget crackdown on character conversion transactions
Fund seeks to provide investors with 30% less volatility than a standard equity portfolio
Decision follows 2013 budget announcement