New fund will invest in floating rate debt of non-investment grade U.S. issuers and debt denominated in U.S. dollars
Fund will be managed by TDAM’s Charles Edwardes-Ker
Steve Yuzpe succeeds departing Kevin Bambrough
Initial distribution target is 6.0% per year
Initial distribution target is 6.5% per year
DB plans reduce the annual pay out of GIS by up to $3 billion a year.
Canada’s Sandra Mews named first place winner from the Americas
The seven new funds invest mainly in iShares ETFs
Merger would result in a broader investment universe and a new portfolio management team
Fund invests in high interest deposit accounts with Canadian banks and credit unions