Morningstar and Brandes team up

Toronto-based Morningstar Associates Inc. and Bridgehouse Asset Managers, the Canadian arm of California-based Brandes Investment Partners LP, have launched their first joint mutual fund. The firms formed a partnership in August 2016 to develop core investment products. Morningstar Strategic Canadian Equity Fund is a strategic beta fund that aims to provide unitholders with long-term returns with a lower risk profile compared with that of the S&P/TSX composite index. The fund employs both active and passive management styles. Advisor commissions are 0%-5% for front-end sales. Trailing commissions are 1% for front-end sales. Management fees are 1.5% for A-class units and 0.5% for F-class units. Minimum investment is $1,000.

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