The new funds offer exposer to global insurers, banks, discretionary and consumer staples companies
Management fees on Horizons S&P/TSX Capped Energy Index ETF and Horizons S&P/TSX Capped Financials Index ETF have been reduced to 0.25% from 0.35%
A new report from Greenwich Associates also finds that Canadian institutional investors intend to increase their ETF allocations this year
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