Toronto-based Arrow Capital management Inc. will host a special unitholders’ meeting in March to approve the restructuring of Raven Rock Strategy Income Fund and RRF Trust into open-ended mutual funds. To do so, Arrow Capital will delist units of the Raven Rock fund from the Toronto Stock Exchange on or about March 16, and that […]
IA Clarington Investments Inc., based in Toronto, launched three new mutual funds in January. IA Clarington Yield Opportunities Fund is meant to provide a steady monthly income stream and modest returns through a mix of investment-grade and high-yield fixed-income securities, dividend-paying equity securities and other securities that distribute income. This fund is managed by Clément […]
Toronto-based Excel Funds Management Inc. has launched two India-focused mutual funds. Excel India Balanced Fund’s mandate is to invest in an actively managed, diversified portfolio of equities and investment-grade fixed-income securities issued in India. Excel estimates an initial annual distribution in the range of 4%. The second fund, Excel New India Leaders Fund, invests primarily […]
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National Bank Investments Inc. of Montreal has made several changes to one of its global funds: Meritage Global Income and Growth Portfolio has been renamed Meritage Global Balanced Portfolio; the fund’s administration fee was reduced to 0.08% from 0.13%; and the fund’s investment strategy was changed to allow for investments in ETFs. Furthermore, distributions for […]
Toronto-based Sentry Investments Inc. has lowered its management fees across its suite of funds. The fee reductions will be accomplished through a combination of fee discounts, reduced management fees charged by Sentry as portfolio manager, and reduced dealer compensation on certain funds. Investors with less than $100,000 in assets held in a fund who purchased […]