New funds from FT Portfolios

Toronto-based FT Portfolios Canada Co. has launched two new mutual funds: First Trust U. S. Dividend Portfolio and First Trust Global Balanced Portfolio. These funds will be managed by First Trust Advisors LP, an affiliate of FT Portfolios Canada Co. First Trust Global Balanced Portfolio will provide investors with the opportunity to earn above-average total returns by investing primarily in a well-diversified portfolio of securities of issuers that are based in a global market or have business operations in global markets. The portfolio of securities will be composed of ETFs and equities securities traded on a U. S. exchange or market. First Trust U. S. Dividend Portfolio will provide investors with long-term capital growth and income by investing primarily in a well-diversified portfolio of dividend- and income-producing equities and real estate investment trusts of issuers located in the U. S. that have a relatively high yield. Advisor commissions are 0%-3% for front end sales; there are no deferred or low-load options. Management fees are 1.95% for A-class units and 0.95% for F-class units. Minimum investment in each fund is $1,000.

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