Toronto-based Franklin Templeton Investments Corp. has reduced management fees on several of its domestic and global fixed-income funds. The Series A units of Templeton Global Bond Fund and Templeton Global Bond Fund (Hedged) A-class units now carry a fee of 1.25%, down from 1.75%. Similarly, the management fees for Class A units of Franklin High […]
Toronto-based Manulife Investments, a division of Manulife Asset Management Ltd., has launched a private investment pool and two fixed-income mutual funds. The pool, Manulife U.S. Balanced Value Private Trust, will focus on U.S. dividend-paying equities and fixed-income securities. Alan Wicks, Jonathon Popper and Conard Dabiet will co-manage this pool’s equities; Howard Greene, Jeffrey Given and […]
Both Chicago-based BMO Harris Bank NA and Toronto-based Toronto-Dominion Bank (TD) recently upgraded their consumer technology. BMO Harris, which is a unit of Toronto-based Bank of Montreal, is planning a Canadian pilot project enabling customers to use their smartphones to withdraw money from ATMs. The program has launched in the U.S., where clients can use […]
Toronto-based Aequitas NEO Exchange Inc. launched last month, enabling members of the Toronto-based Investment Industry Regulatory Organization of Canada to trade on Aequitas’ two trading books – the Lit Book and the NEO Book – as well as using the platform as a crossing facility. Aequitas offers trading in securities listed on its platform, and […]
Kitchener, Ont.-based Financial Horizons Inc. has acquired Ottawa-based R.G. Packman & Associates Ltd. in a transaction that was completed in February. The management team, office and staff of R.G. Packman remain largely unchanged. Financial Horizons is a Canadian managing general agency providing life insurance products and services to more than 9,000 independent advisors. (fcollie@investmentexecutive.com). © […]
Compliance officers (COs) and senior executives from a cross-section of firms in the investment industry shared their thoughts about the regulators that oversee their businesses with Investment Executive (IE) once again for the seventh annual Regulators’ Report Card. In particular, IE research journalist Kevin Philipupillai spoke with 69 COs and executives with firms regulated by […]
Survey participants question whether regulators should focus so much on developments outside of Canada
WealthBar Financial now offers clients a suite of pooled funds
First Asset Investment Management Inc., based in Toronto, has announced the launch of two ETFs: First Asset Core Balanced ETF and First Asset Energy Giants Covered Call ETF. First Asset Core Balanced ETF invests mainly in Canadian issuers with the objective of providing unitholders with a balance of long-term capital appreciation and income while also […]
Toronto-based Questrade Wealth Management Inc. is launching a family of six exchange-traded funds (ETFs) in March, the first time the company has created its own ETFs. All of the new ETFs will invest in U.S. securities and be hedged to the Canadian dollar. Two funds will focus specifically on mid-cap companies; the remaining four each […]