The changes are in response to the OSC’s amended investment risk classification methodology
The ETFs are designed to track indices that Dimensional Fund Advisors, whose Canadian unit is subadvising the new ETFs, has developed
The firm is introducing four asset-allocation portfolios and plans to fold 12 of its existing funds into the new portfolios
Manulife plans to terminate several funds in two phases to simplify its platform while RBC will shut down two funds due to their small size and to get rid of duplication
Fixed administration fees replace certain operating expenses for two mutual funds
Patrick Blais will work with Monika Skiba, the Canadian fundamental equity team’s leader, until her retirement later this year, then take over the role after that
The four multifactor equities ETF strategies will have DFAC as their subadvisor and focus on multiple geographies
The move to will include management fee reductions and would protect investors against an increase in future management expense ratios, the firm states in its announcement
Jaime Ramos Martin, who has 17 years of experience, replaces Stephen Weeple and joins the five-person global equity team
Jamie Robertson will oversee the firm’s Canadian asset allocation franchise, which includes portfolio management, research and development