Toronto-based Russell Investments Canada Ltd. has launched a new investment pool designed for Canadian investors who want to hold short-term, fixed-income securities that offer the potential for lower volatility and less interest rate risk than longer-duration fixed-income funds. Russell Short Term Income Pool and Class invests in domestic short-term corporate bonds, floating-rate notes, asset-backed securities, […]
Toronto-based Mackenzie Financial Corp. has appointed Andrew Massie as lead portfolio manager on Mackenzie Cundill Global Dividend Fund. In addition, Massie will shift from co-manager to lead manager of Mackenzie Cundill International Class and Mackenzie Cundill Global Balanced funds. Lawrence Chin, coteam lead and Cundill’s head of research, joins Massie as comanager for Mackenzie Cundill […]
Toronto-based Transamerica Life Canada has selected CI Investments Inc. of Toronto as the new subadvisor for its TOP Guaranteed Investment Portfolios (GIPs), which were previously managed by an in-house team. The GIPs are available within certain segregated fund contracts and for the imaxx TOP Managed Index Interest Options available within certain universal life contracts. As […]
Toronto-based Vanguard Investments Canada Inc. plans to broaden its family of low-cost exchange-traded funds (ETFs) to 11 with the addition of five new ETFs. The firm has filed a preliminary prospectus with Canadian securities regulators for four new equity ETFs and one new bond ETF. The new funds will include Vanguard FTSE Canadian High Dividend […]
Toronto-based JovFinancial Solutions Inc., portfolio manager of Horizons Advantaged Equity Fund Inc. and Jov Canadian Equity Class Fund, both sponsored by Jov Corporate Funds Ltd., has announced that Toronto-based T.I.P. Wealth Manager Inc. is no longer the subadvisor to the funds. Leon Frazer & Associates Inc., an affiliate of JovFinancial, will continue to act as […]
AlphaPro Management Inc. and Horizons Exchange-Traded Funds Inc. have appointed Guardian Capital LP (all firms are based in Toronto) to assume the subadvisory role for Horizons Dividend ETF. Srikanth Iyer, managing director and head of systematic strategies at Guardian Capital – together with Sam Baldwin and Fiona Wilson, portfolio managers at Guardian – will manage […]
Toronto-based Manulife Mutual Funds is broadening its lineup to allow investors access to tax-efficient income. Series T and Series IT funds (designed for investors seeking regular, monthly cash flow) have been expanded to include more funds within the Manulife fund lineup, and Series FT versions (which generally are designed for investors who have fee-based or […]
Toronto-based BlackRock Asset Management Canada Ltd. has expanded its iShares business with the launch of a new suite of minimum-volatility exchange-traded funds (ETFs) in Canada that track minimum-volatility indexes created by MSCI. iShares MSCI Canada Minimum Volatility Index Fund, iShares MSCI USA Minimum Volatility Index Fund, iShares MSCI EAFE Minimum Volatility Index Fund, iShares MSCI […]
Toronto-based Invesco Canada Ltd. has merged Invesco Global Equity Class Fund into Trimark Global Dividend Class Fund, and Invesco Global Balanced Fund into Trimark Global Balanced Fund. In addition, the company has changed the risk ratings on four of its mutual funds. The risk ratings of Trimark Global Endeavour Fund and Trimark Global Endeavour Class […]