Toronto-based CIBC Asset Management Inc. has changed portfolio managers within its emerging-markets lineup. The changes include the addition of RS Investment Management Co. LLC of San Francisco, Harding Loevner LP of Bridgewater, N.J., and New York-based Pzena Investment Management LLC as portfolio subadvisors to the emerging-markets investment mandates for Imperial Emerging Economies Pool and Frontiers […]
Toronto-based Invesco Canada Ltd. has promoted Eric Lindenbaum and Jack Deino to co-heads of Invesco’s emerging-markets debt business. They also will take over as lead portfolio managers for Invesco Emerging Markets Debt Fund. Claudia Calich, who previously served as portfolio manager for the fund, will be leaving Invesco. The fund’s investment objectives, philosophy and process […]
Toronto-based Manulife Mutual Funds has launched four new mutual funds: Manulife Global Balanced Fund, Manulife U.S. Dollar Floating Rate Income Fund, Manulife Canadian Conservative Balanced Fund and Manulife Preferred Income Class. Manulife Global Balanced Fund seeks to provide investors with a diversified approach to global equities and fixed-income investing and will be managed by Calgary-based […]
Toronto-based CI Investments Inc. has introduced Cambridge Global Dividend Fund, which provides investors with the opportunity to achieve a high level of total investment return consisting of dividend income and capital gains, primarily by investing in equities of companies anywhere in the world that pay or may be expected to pay dividends. Units also are […]
Calgary-based Canoe Financial LP, portfolio manager of EnerVest Diversified Income Trust and Canoe mutual funds, has announced that Robert Taylor, senior vice president and portfolio manager with Canoe Financial, has assumed portfolio-management responsibilities for EnerVest Diversified Income Trust, Canoe Canadian Monthly Income Class, Canoe Canadian Asset Allocation Class, Canoe Canadian Equity Class and Canoe Capital […]
Calgary-based Mawer Investment Management Ltd. has reduced management fees for Mawer Canadian Bond Fund and Mawer Canadian Money Market Fund. Mawer Canadian Bond Fund Class A’s management fee was dropped to 0.60% from 0.78%; Mawer Canadian Money Market Fund Class A’s management fee was lowered to 0.40% from 0.48%. These changes, the firm says, are […]
Calgary-based Canoe Financial LP will terminate the A-class units and F-class units of both Canoe Canadian Money Market Class Fund and Canoe Capital Appreciation Class Fund on Sept. 15. Due to the small size of these funds, Canoe Financial says, it is in the best interests of unitholders to close the funds. Units of both […]
Toronto-based Manulife Mutual Funds has completed the conversion of Manulife Strategic Income Opportunities Fund into an open-ended mutual fund and has renamed the fund Manulife Global Tactical Credit Fund. In connection with the conversion, units of Manulife Strategic Income Opportunities Fund were made redeemable daily on demand at their net asset value. The units outstanding […]
Toronto-based BlackRock Asset Management Canada Ltd. is implementing changes to the investment strategy of iShares U.S. High Yield Bond Index Fund (hedged in Canadian dollars [C$]). The new strategy is to invest primarily in a regularly rebalanced portfolio of U.S. dollar-denominated (US$) high-yield corporate bonds selected by BlackRock Canada that, in aggregate, closely match the […]
Toronto-based Front Street Capital Inc. has appointed Rick Brown as senior portfolio manager of fixed-income. He will oversee all fixed- and variable-income portfolio-management responsibilities at the firm. Brown will be responsible for implementing fixed-income investment strategy and research, as well as for driving the investment and reallocation process. Brown is the lead portfolio manager of […]