The new mutual fund can invest up to 49% of its assets in foreign securities, with a focus on U.S. equities
Revised ratings for three funds
The funds began trading on the Toronto Stock Exchange on Monday
The two ETFs, which began trading on Tuesday, are based on actively managed portfolios
Franklin Target Return Fund is targeted at investors seeking consistent growth but who fear market downturns
The first two ETFs will be listed on the TSX on May 30 while two strategic beta ETFs will launch on June 5
The changes are expected to kick in April 3 and management fees will be reduced by 35%
The changes, which affect three emerging market funds, see key individuals assume leadership positions as Mark Mobius steps off from the portfolio management teams
Both firms will be launching their first suites of ETFs, with Franklin Templeton introducing four ETFs and Desjardins launching nine ETFs
Dennis Tew and Matthew Williams are the new heads of national sales and institutional and client service, respectively