Two funds get new risk ratings
NEO Connect currently has 45 platform traded funds
The exchange now makes it possible to purchase and redeem both prospectus and OM funds in the same way as buying and selling ETFs
The platform will allow participants to trade mutual funds through the Toronto Stock Exchange’s existing equity trading infrastructure
Platform-traded funds benefit from a less costly trading process
TSX NAVex will be the second platform, next to Aequitas PTF Connect, to allow mutual funds to trade and settle like equities
Any Canadian mutual fund provider that signs up with Aequitas PTF Connect will be able to offer PTFs to clients when the service goes live in Q1 2016
New offering for private wealth clients unveiled
PTFs, which target investors who work with fee-based advisors, have much lower costs than Series F funds
New PTFs will be sold to investors who have discretionary or non-discretionary accounts with fee-based advisors