Novacap closes private fund focused on financial services
The fund, focused on mid-sized North American companies, raised $417 million
- By: IE Staff
- September 30, 2021 September 30, 2021
- 13:20
The fund, focused on mid-sized North American companies, raised $417 million
The fund will invest in fast-growing private companies
The firm also introduced a new inflation-focused mutual fund
The fund is managed by Jeff Mo
The new index comes amid growing demand for DIY investment
Mackenzie's suite of ETFs now comprises 42 Canadian-listed funds
One fund is being terminated and merged into an existing fund
The new ETF has a management fee of 0.55%
The new mutual funds aim to deliver responsible investing benefits
An Evolve survey suggests advisors are positive on ETFs as a whole, with thematic funds topping the list
The funds began trading on the TSX on Thursday
The new fund is available in two mutual fund versions
Both funds employ global diversification and active management
The notes will bear interest of 4.0% annually for the first five years
The turnaround for value began late last year with Covid vaccine breakthroughs
The funds will close to new investors on Sept. 15
In a return of risk-on sentiment, equities funds saw one of the highest monthly inflows this year
The new ETFs began trading on the TSX on Thursday
A merger, portfolio manager changes and fee reductions, respectively, were announced
The firm added a U.S. TIPS bond index ETF and emerging markets ETF to its lineup
Portfolio advisory changes to certain equity funds have also been announced
The new series began trading on the TSX on Wednesday
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