Franklin Templeton merging, chopping funds
Firm is terminating five funds, merging 11
- By: James Langton
- August 30, 2019 October 17, 2019
- 12:58
Firm is terminating five funds, merging 11
U.S. stock markets also edged higher on Wednesday
Funds will be delisted from the TSX in September
Reorganization is in response to draft legislation that will implement changes to the "allocation to redeemers" rules
Volatility continues ahead of interest rate news from Federal Reserve
More of those surveyed had a TFSA than an RRSP
The Crown corporation has issued more than $2 billion in green bonds since 2014
Actively managed fund now trading on the TSX
The firm launched three new funds on Tuesday
The portfolios invest in mutual funds and ETFs
The ETF also screens for other environmental and social concerns
Firm will continue to offer other series of funds
Bond will invest in green and social assets
Changes took effect Aug. 2
Thanks to lower fees, the three available ETFs have outperformed most money market funds
The change will take place later this month
The new mutual fund invests in the CI First Asset ETF launched in June
Termination date set for Nov. 1
Actively managed thematic funds focus on disruptive innovation
These changes are effective immediately
The firm also announced two fund mergers, and new investment objectives for another fund
Bond funds saw big sales, while money flowed out of equity funds