SEI Canada adds new classes to mutual fund lineup
The asset management firm is also closing classes of multiple funds
- By: IE Staff
- May 28, 2021 May 28, 2021
- 11:53
The asset management firm is also closing classes of multiple funds
The fund will now use a proprietary factor model to minimize volatility
The new funds focus on technology stocks listed on the Nasdaq
One in four clients reported having at least one problem with their firms over the past 12 months
The firm also announced risk rating changes and new series for other funds
The asset manager said a fixed fee will offer “greater predictability and transparency”
The planned closure of Capitalcorp will affect 34 corporate class mutual funds
The firm is discontinuing both options for its imaxx mutual funds at the end of June
Three new funds support global efforts tied to decarbonization and mitigating climate risk
The new funds invest in energy, alternative health and fixed income securities
The company also announced fee reductions for three other funds
Mackenzie Investments is the ETF's trustee and portfolio manager
Revised allocation to redeemers legislation appears in the 2021 budget implementation bill
The fund's carbon intensity is 40% less than that of the S&P/TSX Composite index, the firm says
Breaking down the strategies of Canadian funds shows a variety of approaches to generating lower-risk returns
The funds focus on emerging markets and market neutral strategies
The month saw 21 product launches, 14 of which were crypto funds
The products invest in companies that are making progress on mitigating climate change
The firm says the moves will reduce duplication in its fund lineup
Investors can more easily manage crypto risk with derivatives based on 1/10 of one Bitcoin
The changes follow Franklin Templeton's acquisition of Legg Mason last year
The fund offers exposure to six technology giants
One bond fund is being terminated and merged into an existing fund
The fund company also announced changes to the ETF's management fee
Units of the mutual fund are no longer available for purchase