Toronto-based TD Asset Management Inc., portfolio manager of TD Mutual Funds, has added K-class units to the TD Retirement Conservative Portfolio, the TD Retirement Balanced Portfolio and TD Tactical Monthly Income Fund. The K-class units require a minimum investment of $150,000 for the TD Retirement portfolios and of $100,000 for TD Tactical Monthly Income Fund. […]
Toronto-based PowerShares Canada, a subsidiary of Atlanta-base Invesco Ltd., has introduced two new “smart beta” ETFs that employ a low-volatility strategy to provide investors with access to global equities markets. PowerShares S&P International Developed Low Volatility Index ETF seeks to replicate the performance of the S&P BMI international developed low-volatility index. This index is designed […]
Toronto-based First Asset investment Management Inc. has added two actively managed exchange-traded funds (ETFs) to its lineup. First Asset Active Canadian REIT ETF will build a portfolio of Canadian real estate investment trusts (REITs) and real estate operating corporations that offer attractive yields backed by predictable, recurring cash flow and which are well positioned for […]
Dynamic Funds, managed by Toronto-based 1832 Asset Management LP, has unveiled two new core global investment products: Dynamic Global Balanced Fund and Dynamic Global Equity Fund. Both funds will be managed by Dana Love, vice president and portfolio manager with Dynamic Funds. Dynamic Global Balanced Fund seeks to achieve long-term capital growth and income through […]
Toronto-based CI Investments Inc. has made several enhancements to CI Canadian Dividend Growth Fund and CI U.S. Dividend Growth Fund, including the appointment of Cambridge Global Asset Management (a Toronto-based unit of CI) as portfolio advisor and the introduction of monthly distributions. The fund names also have been changed: CI Canadian Dividend Growth Fund will […]
Toronto-based JovFinancial Solutions Inc. has approved a change in portfolio manager for several of its funds. Toronto-based IA Clarington Investments Inc. will replace JovFinancial as portfolio manager for the following funds: Jov Leon Frazer Bond Fund, Jov Leon Frazer Dividend Fund, Jov Leon Frazer Preferred Equity Fund, Jov Hahn Conservative ETF Portfolio, Jov Hahn Income […]
Toronto-based BMO Life Insurance Co. has launched the BMO Guaranteed Investment Funds (GIFs) lineup of five new segregated funds designed to offer a maturity guarantee on principal with automatic monthly resets to lock in gains, balanced exchange-traded fund investment options and a death benefit guarantee. The new BMO GIFs are: BMO Canadian Balanced Growth Fund, […]
Toronto-based Invesco PowerShares Capital Management LLC has reduced the management fee on PowerShares Senior Loan (CAD Hedged) Index ETF to 0.8%, a drop of 0.1%. The ETF, which was one of the first senior-loan ETFs, provides access to an asset class that historically has delivered higher yield than other fixed-income securities of equal or higher […]
Montreal-based Standard Life Mutual Funds Ltd. (SLMF) will terminate Standard Life U.S. Mid Cap Fund, Standard Life Global Equity Focus Fund and Standard Life India Equity Focus Fund on or about Nov. 29. Units of the funds are no longer available for new investments, including additional purchases by existing unitholders and through regular investment plans. […]
Montreal-based O’Leary Funds Management LP has launched O’Leary Floating Rate Income Fund, which seeks to provide income by investing in a diversified portfolio made up primarily of senior floating-rate loans, floating-rate notes and short-duration corporate bonds of investment-grade and non-investment-grade Canadian and global issuers. The fund’s portfolio-management team is headed by Connor O’Brien, chief investment […]