400 independent firms gain access mutual fund trading platform
Today, many client portfolios are chaotic - and costly
Fixed administration fees replace certain operating expenses for two mutual funds
The proposed change comes in anticipation of the fund’s forward contract, which expires on April 13
Although illiquid assets provide mutual fund investors with benefits, these holdings can pose problems if redemption demand spikes unexpectedly
But management fees on actively managed funds will have to drop to compete with ETFs
Asset allocation is based on specific retirement dates
Continuing High Rock Canadian High Yield Bond Fund is no longer considered to be economically practical
Firm will sub-advise Global Income (Sentry) Fund
The underperformance is taking place among domestic equity, Canadian-focused equity, international equity and global equity portfolio managers