National Bank Investments to switch portfolio manager
National Bank Trust replaces Fidelity Investments Canada for global equity fund
- By: Leah Golob
- July 5, 2017 October 17, 2019
- 09:40
National Bank Trust replaces Fidelity Investments Canada for global equity fund
The new fund uses a trend-following model designed by CIBC World Markets
PH&N and Jantzi funds will be merging June 30
The firm, which has attracted $350 million in AUM since its launch last year, now has six ETFs
The entrepreneur was named head of WisdomTree Canada in April 2016, but his departure was announced about six months later
The ETFs, which began trading on the TSX on Monday, aim to profit from the diversification of a multi-sector portfolio
Increased life expectancy and a fast grow senior population were key motivators for adding RRIFs to the robo-advisor service
The fund has obtained a court to further extend the stay of creditor proceedings against the fund until Dec. 31
Investment options for clients include transferring to Series A of the same mutual fund or MDPIM pool
New investment objectives for seven funds
The ability to protect information about a fund’s holdings from the market could make actively managed ETFs a much more widely used product
The move to add Chinese equities follows from the implementation of the Stock Connect program to facilitate trading between Hong Kong and mainland China
US Buyback Leaders ETF changes name to US Equity Plus Income ETF
Total industry net sales were $26 billion for the five months ended May 31 compared with $15.1 billion in the same period last year
National Best Financial Network’s website, Canadian LTCi, generates a comparison of available LTC policies for Canadians who enter their relevant details
New TD survey finds that life insurance takes a backseat to managing day-to-day expenses, paying down debt, saving for a house and saving for retirement
No more direct subscriptions for Horizons Managed Multi-Asset Momentum units will be made available
Management fees will be reduced by five basis points among all current series of the affected funds as of July 1
The changes include tweaking the investment objectives and strategies, modifying corporate classes and reducing fees
The new ETFs offer investors choice between Canadian, U.S., and global portfolios
The firm will also eliminate First Asset Cambridge Core Canadian Equity ETF from its line up in August
Reducing management fees and trailers is essential to helping clients achieve their financial objectives
The fund will pay a final quarterly distribution of 20¢ per unit
The change to Mackenzie Maximum Diversification US Index ETF’s risk profile is to comply with the CSA’s new risk classification methodology