Toronto-based CIBC Asset Management Inc. now offers Canadian investors currency-hedged classes for Renaissance U.S. Equity Income Fund. This fund provides unitholders with exposure to dividend-paying U.S. equities, while mitigating the impact of currency fluctuations. Kansas City-based American Century Investment Services Inc. (ACIS) is the fund’s subadvisor; CIBC owns a 41% equity interest in ACIS. Advisor […]
The merger of CI Alpine Growth Equity Fund and CI Canadian Small/Mid Cap Fund is complete, as Toronto-based CI Investments Inc. announced in October. As of the close of business on Sept. 25, 2015, unitholders of CI Alpine Growth Equity Fund received an equivalent dollar amount of units in CI Canadian Small/Mid Cap Fund. CI […]
Toronto-based Mackenzie Financial Corp. recently announced the launch of Mackenzie Diversified Alternatives Fund. This fund provides unitholders with exposure to alternative asset classes, such as real estate, infrastructure, emerging-markets debt, micro-cap equities, high-yield securities, foreign currencies, preferred shares and commodities. The fund also provides access to an absolute-return strategy through investment in Mackenzie Unconstrained Fixed […]
The new platform allows clients to access an advisor by telephone or email seven days a week between 7 am and 10 pm
These products carry risks and advisors need to ensure they understand the licensing and regulatory requirements associated with these investments
Older clients who remarry should tread carefully, especially if they are bringing significant assets into the relationship. In many cases, a marriage contract or pre-nuptial agreement is advisable
New BCSC study finds that advisors have a role in encouraging good investment behaviour among their clients
Newly formed FS Group Holdings Ltd. has agreed to purchase a controlling interest in Toronto-based Front Street Capital 2004, the two companies announced in early October. FSL Group Holdings consists of a group of investors making the acquisition. Terms of the agreement were not disclosed. Front Street Capital will continue to offer the same services […]
Boston-based TA Associates Management LP has signed a definitive agreement to purchase Seattle-based Russell Investments’ asset-management business from London Stock Exchange Group PLC. The deal is valued at US$1.15 billion and is expected to close in the first half of 2016, subject to regulatory approval. New York-based Reverence Capital Partners LLC will hold a minority […]
Hong Kong-based China Asset Management Co. Ltd. will take on all subadvisor responsibilities for Excel China Fund as of Nov. 27, 2015. Mississauga, Ont.-based Excel Funds Management Inc. announced in October that London-based Baring International Investment Ltd. and Hong Kong-based Baring Asset Management (Asia) Ltd. would no longer co-advise the fund with China AMC as […]