Toronto-based Scotia Asset Management LP (SAM) has announced that Scotia Private Cyclical Opportunities Pool will be terminated on or about Dec. 31. Effective immediately, the fund has ceased distributing its units. Fund holdings may be redeemed or switched prior to the termination date. For unitholders with a discretionary portfolio manager at SAM, their portfolio manager […]
Toronto-based IA Clarington Investments Inc. has changed the name of IA Clarington American Fund to IA Clarington U.S. Dividend Growth Fund. This fund now will be managed by Industrial Alliance Investment Management Inc., which has replaced subadvisor MFS Maclean Budden Ltd. in Toronto. IA Clarington plans to amend the fund’s investment strategy to invest primarily […]
Toronto-based CIBC Asset Management Inc. has launched new Class F – Premium units on three key funds in its Renaissance Investments-branded fixed-income lineup: Renaissance Corporate Bond Capital Yield Fund, Renaissance Canadian Bond Fund and Renaissance Short-Term Income Fund. The addition of the new class will enhance the choice available to high net-worth clients with fee-based […]
Toronto-based BMO Investments Inc. has implemented several portfolio-management changes. BMO Asset Management Inc. (BMOAM) will replace the current portfolio manager, Toronto-based UBS Global Asset Management (Canada) Co., and will assume all portfolio-management duties for BMO Global Monthly Income Fund. The investment strategy of BMO Global Monthly Income Fund will be changed to reflect the investment […]
Toronto RBC Global Asset Management Inc. has expanded its Target Maturity-branded corporate bond ETF lineup with the introduction of RBC Target 2021 Corporate Bond Index ETF. This new ETF will maintain a diversified portfolio of individual Canadian investment-grade corporate bonds with an effective maturity of November 2021. Similar to the other RBC Target Maturity corporate […]
Toronto-based Horizons Exchange Traded Funds Inc. and its affiliate, AlphaPro Management Inc., have launched two new exchange-traded funds (ETFs): a core Canadian bond ETF and an emerging-markets dividend ETF. Horizons Active Canadian Bond ETF is an actively managed ETF that seeks long-term returns primarily through maximized interest income and moderate capital appreciation. This fund invests […]
Toronto-based TD Asset Management Inc. (TDAM), manager of TD Managed Maximum Equity Growth Portfolio and TD FundSmart Managed Maximum Equity Growth Portfolio, has changed the portfolios’ neutral asset mix from generally 100% equities to 90% equities and 10% fixed-income. The asset allocation will be maintained within a range of 10% above or below the neutral […]
Toronto-based FT Portfolios Canada Co. has launched two new mutual funds: First Trust U. S. Dividend Portfolio and First Trust Global Balanced Portfolio. These funds will be managed by First Trust Advisors LP, an affiliate of FT Portfolios Canada Co. First Trust Global Balanced Portfolio will provide investors with the opportunity to earn above-average total […]
Toronto-based BMO Asset Management Inc. has changed the investment strategies of five BMO exchange-traded funds (ETFs). BMO Dow Jones Canada Titans 60 Index ETF now is associated with the S&P/TSX capped composite index, and will be renamed BMO S&P/TSX Capped Composite Index ETF. BMO U. S. Equity Hedged to CAD Index ETF now is associated […]
Toronto-based Sentry Investments Inc. has expanded its line-up of fixed-income offerings with the addition of three funds. Sentry Bond Plus Fund, Sentry Enhanced Corporate Bond Fund and Sentry Enhanced Corporate Bond Capital Yield Class will be managed by Sentry’s fixed-income team, led by James Dutkiewicz, vice president and senior portfolio manager. Sentry Bond Plus Fund […]