Product Watch
Toronto-based Invesco Canada Ltd. has announced that New York-based Nasdaq OMX Group Inc. has replaced Argyle, Texas-based Halter Financial Group Inc. as the index provider for PowerShares Golden Dragon Halter USX China Portfolio. In addition, the name of the underlying ETF now has been changed to PowerShares Golden Dragon China Portfolio. The Nasdaq Golden Dragon […]
Horizons Exchange Traded Funds Inc., along with its affiliate, AlphaPro Management Inc., both based in Toronto, have introduced two new exchange-traded funds (ETFs) that will provide investors with the opportunity to gain exposure to North American stock market indices while providing protection from sudden and significant market declines. Horizons Universa Canadian Black Swan ETF and […]
Toronto-based CIBC Asset Management Inc. has announced portfolio subadvisor changes for some funds. Kansas City-based American Century Investment Management Inc. (ACIM) will continue to serve as a portfolio subadvisor for components of Imperial U.S. Equity Pool, with an increased allocation to both the U.S. all-cap growth and U.S. all-cap value components of the pool. ACIM […]
Toronto-based IA Clarington Investments Inc. has launched IA Clarington Focused Canadian Equity Class Fund, IA Clarington Focused Balanced Fund and IA Clarington Focused Balanced Class Fund. David Taylor, portfolio manager with Toronto-based Taylor Asset Management Inc., will manage IA Clarington Focused Canadian Equity Class and will partner with income specialist Dan Bastasic, portfolio manager with […]
Horizons Exchange Traded Funds Inc., along with its affiliate, AlphaPro Management Inc., both based in Toronto, have added a new exchange-traded fund (ETF) to their lineup: Horizons Morningstar Hedge Fund Index ETF, which will allow investors to get hedge fund-type exposure for their portfolios through an index strategy. This ETF seeks investment results that replicate […]
Toronto-based Fidelity Investments Canada ULC has introduced Fidelity Tactical Fixed Income Fund. This fund aims to provide investors with a steady flow of income. It invests, either directly or indirectly through underlying funds, primarily in Canadian fixed-income securities. Brian Miron and Jeff Moore will co-manage the fund. Advisor commissions are 0%-5% for front-end sales, 4.9% […]
Toronto-based AGF Management Ltd. and Boston-based Eaton Vance Corp. jointly have launched two new mutual funds in Canada and the U.S. that combine the investment-management and distribution strengths of the two organizations. AGF Floating Rate Income Fund is being offered in Canada by AGF and is subadvised by Eaton Vance Management (EVM), a wholly owned […]