Both firms will be launching their first suites of ETFs, with Franklin Templeton introducing four ETFs and Desjardins launching nine ETFs
Operating expense structures and investment objectives are affected
Under the proposed rule, reps must receive specific training on dealers’ policies and procedures that deal with advising and transacting in ETFs
New ETFs aim to offer “low cost, transparency, active management and diversification combined with a tax-deferred structure”
The Toronto-based firm is the third mutual fund company to announce that it will be getting into ETFs within the past week
Comprehensive reforms will require the adoption of measures for funds to manage their liquidity risk
Funds and products listed on an exchange gathered almost US$200 billion in net new AUM in the seven months ended July 31, up significantly from years past
Equity products were the most popular
Industry-wide transaction solution being tested by National Bank Correspondent Network
Position became vacant when Adam Felesky left in January