Toronto-based NEI Investments, jointly owned by Northwest & Ethical Investments LP and Desjardins Group, has merged and altered the investment objectives of several of its mutual funds. NEI Ethical Growth Fund is slated to merge with NEI Ethical Canadian Dividend Fund on May 24; Calgary-based subadvisor QV Investors Inc. will manage the merged fund. NEI […]
Toronto-based Horizons ETFs Management (Canada) Inc. will terminate Horizons Active North American Growth ETF effective at the close of business on June 28. No further direct subscriptions for units will be accepted, and June 24 is expected to be the last date for a redemption request. In addition, units of Horizons BetaPro S&P/TSX Global Gold […]
Toronto-based Mackenzie Financial Corp. has added two new funds to its lineup: Mackenzie Strategic Bond Fund and Mackenzie Floating Rate Income Fund. Mackenzie Strategic Bond Fund seeks to provide a steady flow of income by investing primarily in Canadian government and corporate fixed-income instruments and asset-backed securities with maturities of more than one year. Mackenzie […]
Toronto-based GCIC Ltd., manager of Dynamic Funds, has launched Dynamic U.S. Dividend Advantage Fund. This new fund seeks to provide income and long-term capital appreciation by investing primarily in U.S. equity securities that pay a dividend or distribution. Cecilia Mo, vice president and portfolio manager with GCIC, will manage the fund. Advisor commissions are 0%-5% […]
Futures contract recognized world-wide as benchmark indicator for Canadian short-term interest rates
Risk managers will be in high demand
Boards are worried that weak returns will leave insufficient funds to support beneficiaries
Six funds to close on July 26
The changes include new portfolio managers, investment strategies and investment objectives