Toronto-based Fidelity Investments Canada ULC announced several changes to its fund lineup in late 2015. Fidelity Canada will merge four funds: Fidelity American Opportunities Fund will merge with Fidelity American Equity Fund; and Fidelity American Opportunities Class will merge with Fidelity American Equity Class. Fidelity Canada also announced the closure of Fidelity Income Replacement Portfolios […]
Toronto-based Excel Funds Managements Inc. intends to merge Excel BRIC Fund with Excel Emerging Markets Fund, subject to regulatory and unitholder approvals. A special meeting will be held for unitholders on or about Feb. 11. The merger, if approved, will be effective on Feb. 15. Unitholders of the BRIC fund will receive units of the […]
With oil prices expected to remain low, the pain felt in Canada’s markets and economy in 2015 is likely to continue, so clients and their financial advisors will need to look carefully for investment opportunities. The consensus among portfolio managers is that Canada’s economy has yet to feel the full force of the slowdown in […]
The Canadian arm of Raymond James is looking for financial advisors to boost its wealth-management business. Mario Addeo and Richard Rousseau are putting out the welcome mat
Toronto-based Invesco Canada Ltd. will reopen Trimark Canadian Small Companies Fund this month. The fund invests in 25 to 40 small-cap businesses. The fund previously was closed to new investors as of October 2014. (fcollie@investmentexecutive.com). © 2016 Investment Executive. All rights reserved.
The former executive vice president, global head of corporate development and strategy, has left the firm to pursue new opportunities
Virtual Brokers is now offering traders a monthly platform fee instead of the more traditional per-trade pricing model
A core suite of funds from Toronto-based BMO Investments Inc. now is available to fee-based advisors with the introduction of a new F6 series. This series of funds will provide fee-based accounts with regular monthly cash flow from BMO mutual funds, risk-differentiated exchange-traded fund portfolios and BMO SelectTrust Portfolios. The launch is in response to […]
Toronto-based Sprott Asset Management LP has launched four corporate-class funds. Dennis Mitchell, senior vice president and senior portfolio manager at Sprott, will manage the funds using his focused business investing strategy. Sprott U.S. Focused Dividend Class Fund invests primarily in a diversified portfolio of dividend-yielding U.S. equities. Sprott U.S. Focused Balanced Class Fund invests largely […]
Toronto-based TD Mutual Funds recently expanded its fee-based lineup with the introduction of TD Management Portfolios F-series. TD Mutual Funds is managed by TD Asset Management Inc. (TDAM). The new series separates fees paid by clients to the fund company from the fees paid to their financial advisors. The introduction of the new series brings […]