Toronto-based Invesco Canada Ltd. has launched two income-focused ETFs: PowerShares 1- to 10-Year Laddered Investment Grade Corporate Bond Index ETF; and PowerShares REIT Income Index ETF. The corporate bond ETF manages risk by spreading out bond maturities. Furthermore, this ETF’s short-term bond holdings reduce interest rate sensitivity and its medium-term holdings provide higher yield. This […]
Toronto-based WisdomTree Asset Management Canada Inc. has launched three ETFs. WisdomTree Canada Quality Dividend Growth Index ETF offers investors exposure to Canadian dividend-paying companies. This ETF tracks the price and yield performance of the WisdomTree Canada quality dividend growth index. Similarly, WisdomTree U.S. MidCap Dividend Index ETF provides investors with exposure to mid-cap U.S. companies […]
Toronto-based Evolve Funds Group Inc. has launched two niche ETFs focused on gender diversity and cybersecurity. Evolve North American Gender Diversity Index ETF is designed to provide investors with access to North American companies with a demonstrated commitment to gender diversity as part of their corporate social responsibility strategy. This ETF tracks the performance of […]
Toronto-based Fidelity Investments Canada ULC has shuffled its portfolio-management team. The changes follow the departure of two portfolio managers: Adam Kramer replaces Joanna Bewick and joins Ford O’Neil as portfolio co-manager of Fidelity Strategic Income Fund. Kramer joined Fidelity in 2000 as a research analyst and assumed portfolio-management responsibilities in 2008. As well, as a […]
Toronto-based Invesco Canada Ltd. has merged two of its funds. Invesco Emerging Markets Debt Fund has been merged with Invesco Global Bond Fund. The latter, the remaining fund, is meant for unitholders with a low risk tolerance and who seek income and capital appreciation from global fixed-income securities. To reach this goal, the fund invests […]
Toronto-based RBC Global Asset Management Inc. (RBCGAM) has reopened Phillips Hager & North Short Term Bond & Mortgage Fund to new investors. The fund was closed to new investors in July 2016 as a means to manage money inflows. However, the fund’s portfolio managers have determined that there now is enough capacity in the short-term […]
Toronto-based Franklin Templeton Investments Corp. has launched a mutual fund that focuses on North American equities. Franklin Bissett Canada Plus Equity Fund can invest up to 49% of its portfolio in foreign securities, with an emphasis on U.S. equities. As well, the fund’s portfolio managers may use equity-based put options to reduce the overall volatility […]
Oakville, Ont.-based Harvest Portfolios Group Inc. has completed the conversion of its Tech Achievers Growth and Income Fund, a closed-end mutual fund, into an ETF. The new ETF, available in either Canadian and U.S. dollars, invests in a portfolio of 20 equally weighted large-cap technology issuers listed on a North American stock exchange that specialize […]
WisdomTree Asset Management Canada Inc., based in Toronto, has launched two new “smart beta” ETFs, bringing the firm’s total Canadian complement to eight. WisdomTree Yield Enhanced Canada Aggregate Bond Index ETF provides unitholders with income potential by tracking the price and yield performance of the Bloomberg Barclays Canadian aggregate enhanced yield index. This index is […]
Toronto-based RBC Global Asset Management Inc. is bringing together its socially responsible investing (SRI) funds to create a new suite of mutual funds called RBC Vision Funds. The move involves the grouping and renaming of a Phillips Hager & North SRI fund with RBC Jantzi funds to create a single, cohesive SRI product shelf. As […]