Although advisors reported some good news, in that their books of business rose to an all-time high yet again, they also want their firms to be doing more to meet growing expectations
The new head of BMO Nesbitt Burns says that careful planning and calmness in the face of daily challenges serve her well
Toronto-based Aston Hill Asset Management Inc. has introduced two new liquid alternative mutual funds: Aston Hill U.S. Growth Fund and Aston Hill Corporate Bond Fund (previously known as Build America Investment Grade Bond Fund). 1. Aston Hill U.S. Growth Fund will be managed through fundamental equities research and a variety of options strategies meant to […]
Power Financial's investment in Wealthsimple gives the Montreal-based firm a way to reach young, prospective clients
Arrow Capital Management Inc. of Toronto has launched Exemplar Growth and Income Fund. The new balanced fund’s goal is to increase capital through equities and fixed-income allocations while protecting the portfolio through the use of hedging techniques. Veronika Hirsch of Arrow Capital, together with Mike MacBain and Mike Swan of East Coast Fund Management Inc. […]
Sun Life Global Investments (Canada) Inc. has launched three new corporate-class mutual funds. Sun Life Franklin Bissett Canadian Equity Class will be managed by Franklin Templeton Institutional (Canada), which is part of Franklin Templeton Investments Corp. Sun Life Trimark Canadian Class will be managed by Invesco Canada Ltd. through its Trimark Investments brand. And Sun […]
Toronto-based Horizons ETFs Management (Canada) Inc. is terminating two exchange-traded funds (ETFs). As of June 12, Horizons BetaPro S&P/TSX Global Base Metals Bulls Plus ETF and Horizons BetaPro S&P/TSX Global Base Metals Bear Plus ETF will be closed for business. Neither of these ETFs are accepting direct subscriptions for units. The last date to request […]
Toronto-based CIBC Asset Management Inc. (CIBCAM) has made several subadvisory changes to its pooled funds. Boston-based Wellington Management Canada LLC now is the portfolio subadvisor for Imperial International Bond Pool, as well as for Frontiers Global Bond Pool. Wellington joins Philadelphia-based portfolio subadvisor Brandywine Global Investment Management LLC on both pools. As well, Imperial International […]
Vancouver-based HSBC Global Asset Management (Canada) Ltd., which manages HSBC Mutual Funds, has changed the investment strategy of HSBC Global Equity Fund. This fund no longer follows an active quantitative strategy; instead, it will invest primarily in equities, including those represented in the HSBC economic scale (world) index. Also, the management and trailer fees for […]