Counsel Portfolios adds to its product shelf

The fund manager is adding to its suite of asset-allocation funds

By: IE Staff
October 15, 2020 October 15, 2020
16:49

Counsel Portfolio Services Inc. is launching a new suite of asset-allocation portfolios.

The new funds, called IPC Focus Portfolios, provide investors with exposure to global large-cap equities.

The following portfolios will be available for purchase on Oct. 19:

IPC Focus Conservative Portfolio
IPC Focus Balanced Portfolio
IPC Focus Growth Portfolio

The portfolios are sub-advised by Picton Mahoney Asset Management, Marsico Capital Manager and Mawer Investment Managers. Mackenzie Investment Management will also manage a bond component in the portfolios.

Management fees for the portfolios are 1.8% for A-class units and 0.8% for F-class units.

Counsel, a subsidiary of Investment Planning Counsel Inc., also announced changes to its IPC Essential Portfolios.

The relevant funds are as follows:

IPC Essentials Income Portfolio
IPC Essentials Balanced Portfolio
IPC Essentials ESG Balanced Portfolio
IPC Essentials Growth Portfolio

The changes include a fee reduction for the portfolios to 1.45% from 1.55% for A-class funds and to 0.45% from 0.55% for F-class funds.

Counsel has also moved the product’s strategy to a purely index-linked ETF portfolio from a more actively-managed strategy, including the removal of a currency management strategy.