Product watch
Toronto-based First Asset Investment Management Inc., a subsidiary of CI Financial Corp., changed the risk ratings of two of its mutual funds.
First Asset REIT Income Fund and First Asset Canadian Dividend Opportunity Fund both now have a “low to medium” risk rating (both reduced from “medium”).
The funds accounted for at least US$350 billion in global net asset value in 2023
Demographics, tech advancements expected to drive growth in the sector
Geopolitical tensions, concerns over weak returns fuel shift away from the world’s second-largest economy
Some institutional investors are leading the move toward greater transparency
Firms must communicate with advisors and provide training when implementing new systems
Advisors want fair compensation plus the ability to avoid conflicts of interest when meeting clients' needs
The acquisition also marks the launch of Canaccord’s Ottawa office