Mackenzie Investments is lowering administration and management fees for its bundled-purchase options (including series A units) for households with less than $100,000 in assets held with Mackenzie on select Mackenzie mutual funds, it announced.
Select mutual funds will see their administrative fees reduced to 18 basis points, and select equity mutual funds will see their management fees lowered to 1.95% from 2%.
The changes are set to take effect April 1.
Global X Investments Canada Inc. is permanently reducing the annual management fees for one of its ETFs, the asset manager has announced.
The management fee for the Global X Active Canadian Municipal Bond ETF (TSX: HMP) has been reduced to 0.25% from 0.29%. The fund invests primarily in a portfolio of Canadian municipal bonds denominated in Canadian dollars.
New target cash flow units launched
BMO Asset Management Inc. has added a new series of units to some of its ETFs, aiming to provide investors with more predictable cash payments.
The asset manager has launched “target cash flow units” for several ETFs, including the BMO All-Equity ETF and various ETFs that use covered-call strategies. They’re designed to pay a fixed monthly distribution amount, ranging from 6–15%, depending on the fund.
The monthly distribution is based on the net asset value per unit of a series (NAVPS) at the end of the previous year, or on the initial starting NAVPS if it’s a newly created series, as is the case with the new launches, a release noted. The dollar amount that investors will receive is reset at the start of each year.
Caution is warranted, however.
The monthly distributions may include a return of capital (ROC), meaning investors would get back part or all of their original investment, rather than investment earnings. If the ROC is not reinvested, this can reduce the ETF’s net asset value and may lower the investment’s long-term growth potential.
The ROC can only be made by a series of a BMO ETF if there’s a positive balance in the capital account for the relevant series, the release said, noting that if the balance in the capital account hits zero or is at risk of hitting zero, then monthly distributions may be reduced or discontinued without prior notice.
BMO also said it may adjust the monthly distribution during the year “if capital market conditions have significantly affected the ability of the BMO ETF to maintain the applicable distribution.” A press release about the change would be issued.
LongPoint, Humilis partner on funds launch
LongPoint Asset Management Inc. has announced the upcoming launch of a suite of mutual funds and ETFs as part of its partnership with Humilis Investment Strategies, subject to regulatory approval.
Humilis was founded by Brian Belski, an industry veteran and former chief investment strategist and managing director at BMO Capital Markets, in 2025.
“We’re excited to be working with Brian and the Humilis team to develop these new Humilis-branded funds, with an anticipated launch in early Q2 2026,” LongPoint announced on social media. “The funds will combine LongPoint’s ETF and fund management expertise with Brian’s proven, research-driven approach to building concentrated equity portfolios.”
Manulife introduces six funds
Manulife Investments has introduced five mutual funds that invest in its most in-demand actively managed ETFs, as well as a fund with a global credit strategy.
The new funds include:
- Manulife Smart International Dividend ETF Fund, which invests in an ETF with the same name. The underlying ETF (TSX: IDIV.B) invests primarily in a diversified portfolio of international dividend-paying securities, aiming to deliver steady income and long-term capital appreciation.
- Manulife Smart Dividend ETF Fund (underlying ETF: CDIV), which invests in an ETF with the same name. The underlying ETF invests in a diversified portfolio of Canadian dividend paying securities, with a goal of providing steady income and long-term capital appreciation.
- Manulife Smart Core Bond ETF Fund, which invests in an ETF with the same name. The underlying ETF invests primarily in a diversified portfolio of fixed-income securities issued by Canadian federal, provincial or municipal governments or corporations. It aims to earn the highest level of income possible while preserving capital.
- Manulife Smart Short-Term Bond ETF Fund, which invests in an ETF with the same name. The underlying ETF invests primarily in short-term fixed-income securities issued by Canadian corporations but may also invest in short-term fixed-income securities issued by governments in Canada. It also seeks to earn the highest level of income possible while preserving capital.
- Manulife Global Edge ETF Fund, which invests in an ETF with the same name. The underlying ETF aims to achieve long-term capital appreciation by investing primarily in a diversified portfolio of global equity securities.
- Meanwhile, the newly-launched Global Credit Opportunities Fund invests in corporate bonds issued by global companies and aims to provide investors with income, stability and diversification. It’s sub-advised by Mawer Investment Management Ltd.
IG simplifies product shelf
IG Wealth Management has announced proposed changes to “simplify its investment lineup, reduce duplication, enhance efficiency and ensure clients continue to have access to investment solutions that reflect evolving needs.”
The proposed changes include multiple fund mergers and one fund termination.
Some of the mergers require a shareholder vote, which will take place at a meeting on April 7.
Additionally, IG intends to terminate the IG PanAgora Risk Parity Private Pool.
All costs associated with the changes will be borne by IG.
DeFi Technologies launches new index
Toronto-based fintech DeFi Technologies Inc. has launched a new index that tracks how regulated investor capital is allocated across digital asset markets.
The index was born out of DeFi Technologies’ partnership with its subsidiary Valour Inc., along with Valour Digital Securities Limited, an issuer of exchange traded products (ETP).
The new DEFT Valour Investment Opportunity (DVIO) Index provides insight into how regulated investor capital is allocated across digital assets using real flows through Valour’s ETP platform, a release said.
DVIO will rely on weekly updates to reflect changes in assets under management and flows across the top 50 assets in Valour’s ecosystem.
Canada Life proposes fund mergers
Canada Life Investment Management Ltd. has announced eight proposed mutual fund mergers. The mergers are slated to take effect on or around April 24, subject to investor approval.
Investors in the affected funds will be asked to approve the proposed mergers at meetings held on or around April 10. All investors in the funds as of Feb. 25 are set to receive a notice about the proposed changes on or around March 9.
Bridgehouse updates fund distribution policy
Bridgehouse Asset Managers has announced an update to the distribution policies of two funds.
As of Feb. 18, the monthly distributions for series F5 units of the GQG Partners Global Quality Equity Fund and T. Rowe Price Global Allocation Fund “will no longer be composed solely of a return of capital but may also include income and capital gains,” a release said, noting that the target annualized distribution rate will remain at 5% of the NAV per unit of the series F5 securities at the end of the previous year.
Bridgehouse said the change “may result in a lesser amount of return of capital being received each year.” As a result, monthly distributions will be more likely to include income and capital gains that will be taxable in non-registered accounts. Investors in registered accounts are not expected to be affected.
CFI to terminate fund
Connor, Clark & Lunn Funds Inc. has announced an upcoming fund termination.
In a release, the firm said it has permanently ceased issuance of units of the NS Partners International Equity Focus Fund, and that the fund is set to be terminated and wound up on April 10.