New leadership for Mackenzie Cundill
Portfolio managers Jonathan Norwood and Richard Wong succeed Lawrence Chin and Andrew Massie
- By: IE Staff
- March 24, 2016 October 15, 2019
- 15:25
Portfolio managers Jonathan Norwood and Richard Wong succeed Lawrence Chin and Andrew Massie
New ETF products will have slightly higher fees
The opportunity to share or transfer expenses among funds held in a corporate-class family will continue
Redwood Global shareholders to benefit from an expected reduction in management fees
Year-to-date net sales approach $6.5 billion
The four proposed new ETFs would have a management fee of 0.35%, according to the firm’s announcement
The ratings cover 21,000 mutual funds and exchange-traded funds
Myles Zyblock says rules-based approach takes emotions out of investing
Asset management firms are trying to shift from stars to investment teams
The new swap futures contracts will be available for trading on the MX in September subject to self-certification of the product
The firm has also announced that Ben Cheng, chief investment officer, will assume lead portfolio manager responsibilities for the two remaining funds
The change to Mackenzie U.S. Mid Cap Growth Class will bring the fund in line with the rest of Mackenzie’s product lineup
The proposed changes include fund mergers and management fee reductions
The launch of these ETFs will be the mutual fund giant’s first foray into the ETF market
The new coverage of 21,000 mutual funds and ETFs comes in response to demand from investors
The new system would alter responsibility for operations and administrative expenses
Kensington Venture Fund has invested in more than a dozen VC funds, four technology companies and various co-investments
Russell Multi-Asset Growth Strategy aims to achieve equities-like returns but with lower volatility
The funds, which will be terminated on June 28, no longer accept additional investments
New ETFs aim to offer “low cost, transparency, active management and diversification combined with a tax-deferred structure”
The two funds will now be offered in an investor series, an advisor series, an F-series, a premium series and a premium F-series
The firm will also phase out its high net-worth series of funds, which will be redesignated into other funds or closed
However, the percentage of taxpayers contributing to an RRSP continues to decline
Purpose U.S. Cash ETF and Purpose Premium Money Market Fund seek to maximize monthly income for unitholders while preserving capital and liquidity
Effective management of environmental, social and corporate governance considerations may help reduce investment risk