Toronto-based Mackenzie Financial Corp. has launched Mackenzie Global Tactical Investment Grade Bond Fund. Its objective is to generate income by investing in investment-grade, fixed-income securities issued by companies and governments from around the world, regardless of size. Konstantin Boehmer and Felix Wong will co-manage the fund. Advisor commissions are 0%-5% for front-end sales; 5% for […]
Toronto-based Standard Life Mutual Funds Inc. and Manulife Asset Management Accord (2015) Inc. (MAM) have made several changes to their investment teams. Terry Carr, head of MAM’s Canadian fixed-income team, now will be responsible for Standard Life Canadian Bond Fund, Standard Life Canadian Bond Class, Standard Life Short Term Bond Fund and Standard Life Tactical […]
RBC Global Asset Management Inc. (RBCGAM) of Toronto now offers a corporate-class version of RBC Balanced Growth & Income Fund. Created in 2013, RBC Balanced Growth & Income Fund has more than $900 million in assets under management (AUM). The new corporate-class fund’s diversified global asset mix and range of income solutions is meant to […]
Toronto-based Fidelity Investments Canada ULC has unveiled two new funds: Fidelity Global Intrinsic Value Class and Fidelity American Balanced Fund. Fidelity Global Intrinsic Value Class is an opportunistic global equities strategy with a particular emphasis on small- and mid-cap stocks. Its goal is to deliver long-term capital growth through a value investment framework. Joel Tillinghast, […]
Lévis, Que.-based Desjardins Funds has launched a family of four strategic-beta mutual funds. Known as the IBrix Funds, these investment funds use both active and passive portfolio management. Managed by Desjardins Global Asset Management Inc., the four new funds are: Desjardins IBrix Canadian High Dividend Equity Fund, Desjardins IBrix Canadian Equity Focus Fund, Desjardins IBrix […]
Toronto-based Purpose Investments Inc. has launched two international investment funds. Purpose International Dividend Fund invests in high-quality international companies outside of Canada and the U.S. that pay good dividends and show the ability to grow those dividends in future. Purpose International Tactical Hedged Equity Fund employs a rules-based portfolio-selection strategy from a universe of international […]
Toronto-based Mackenzie Financial Corp. has appointed Todd Mattina as chief economist and strategist for the Mackenzie asset-allocation team. Mattina will support the firm’s asset-allocation solutions by building proprietary valuation models and assessing macroeconomic conditions and their impact on global markets. He also will deliver macroeconomic insights on Mackenzie Investments’ behalf on the company’s website and […]
Toronto-based Franklin Templeton Investments Corp. has approved mergers for six of its corporate-class funds. The changes are in response to federal tax law changes as of Dec 31, 2014, which removed eligibility for yield-class funds to have income treated as capital gains via forward contracts. Five corporate-class funds will merge into their corresponding mutual fund […]
Toronto-based Fidelity Investments Canada ULC has launched Fidelity Event Driven Opportunities Fund and Fidelity Conservative Income Private Pool. Fidelity Event Driven Opportunities Fund aims to achieve long-term capital growth by investing primarily in equities of companies that are involved in corporate events. Arvind Navaratnam, portfolio manager in Boston with Fidelity’s asset-management division, will manage this […]
Toronto-based IA Clarington Investments Inc. is amending the investment objectives of eight of its corporate-class funds, subject to regulatory approval. The changes are in response to Canadian tax law changes that were introduced in the 2013 federal budget to eliminate the favourable tax treatment relating to forward contracts that had recharacterized income as more tax-efficient […]