Manulife renames funds

Toronto-based Manulife Investments has renamed the Elliott & Page and MIX families of mutual funds as part of its new branding strategy, the company says. Effective Aug. 24, Elliott & Page funds will be renamed Manulife funds and MIX funds will be renamed Manulife Corporate Class. The name changes will have no impact on the funds’ mandates, Manulife says. Manulife Simplicity Portfolios remain unchanged.

GGOF launches global real estate fund

Guardian Group of Funds Ltd. has launched GGOF Real Estate Fund. The fund is designed for clients seeking investment opportunities in real estate markets and real estate-related securities in North America, Europe and Asia, the Toronto-based GGOF says. The fund will hold 40 to 50 names and make regular distributions, which typically will include income, capital gains and tax-deferred capital gains in the form of return on capital. Guardian Capital LP will manage the Canadian component; GGOF Investment Management will manage both the U.S. and the Europe, Australasia and Far East components in consultation with Towerhouse Capital Management LLC. Advisor commissions for front-end sales are 0%-5%, 5% for deferred sales or 2% for low-load sales. Redemption fees begin at 6% in Year 1 and end at zero after Year 7 of the regular DSC schedule, or begin at 3% in Year 1 and end at zero after Year 3 of the low-load schedule. Trailing commissions are 1% for front-end and low-load sales, and 0.5% for deferred sales. Management fees are 2% for A-class units and 1% for F-class. Minimum investment is $500.

Mackenzie introduces two new funds

Mackenzie Financial Corp. has launched two global equity income funds. Mackenzie Universal Global Property Income Fund and Mackenzie Universal Global Infrastructure Fund both aim to provide investors with monthly income of 5% a year and growth potential in the global property and infrastructure market, the Toronto-based Mackenzie Financial says. Advisor commissions for front-end sales are 0%-5%, 5% for deferred sales or 2.5% for low-load sales. Redemption fees begin at 5.5% in Year 1 and end at zero after Year 7 of the regular DSC schedule, or begin at 3% in Year 1 and end at zero after Year 3 of the low-load schedule. Trailing commissions are 1% for front-end sales, and 0.5%-1% for deferred and low-load sales. Management fees are 2% for A-class units and 1% for F-class units. Minimum investment is $500.

Quadrus makes changes to product lineup

Quadrus Investment Services Ltd. has made a number of changes to its product lineup, including launching Quadrus Setanta Global Dividend Corporate Class, London Capital Canadian Dividend, London Capital U.S. Value, Quadrus Sionna Canadian Value Corporate Class and Quadrus Eaton Vance U.S. Value Corporate Class funds. These changes will provide clients with greater choice and flexibility, Quadrus says. The company, based in London, Ont., has also entered into subadvisor agreements with Kim Shannon’s Sionna Investment Managers Inc. and U.S.-based Eaton Vance Managed Investments. Advisor commissions for front-end sales are 0%-5%, 5% for deferred sales and 2.5% for low-load sales. Redemption fees begin at 5.5% in Year 1 and end at zero after Year 7 for the regular DSC schedule, or begin at 3% in Year 1 and end at zero after Year 3 of the low-load schedule. Trailing commissions are 1% for front-end sales, 0.5% for deferred sales and 0.5-1% for low-load sales. Management fees are 2% for Quadrus Setanta Global Dividend Corporate Class and London Capital Canadian Dividend Fund; 2.1% for London Capital U.S. Value Fund and Quadrus Sionna Canadian Value Corporate Class; and 2.3% for Quadrus Eaton Vance U.S. Value Corporate Class Fund. Minimum investment is $500.

RBC partners with Jantzi to launch SRI funds

RBC Asset Management Inc. has partnered with socially responsible investing research firm Jantzi Research Inc. to launch three new SRI funds: RBC Jantzi Canadian Equity, RBC Jantzi Balanced and RBC Jantzi Global Equity funds. The funds are designed to offer long-term investors access to investment funds that are screened for environmental, social and governance factors, RBC says. Advisor commissions for front-end sales are 0%-5%, 5% for deferred sales or 1% for low-load sales. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 of the regular DSC schedule, or begin at 2% in Year 1 and end at zero after Year 2 of the low-load schedule. Trailing commissions for the balanced fund are 1% for front-end and low-load sales, or 0.5% for deferred sales. Trailing commissions for the Canadian equity and global equity funds are 1.15% for front-end and low-load sales, or 0.5% for deferred sales. Management fees for the balanced fund are 2% for A-class units and 1% for F-class units; 1.75% for A-class units and 0.75% for F-class units for the Canadian equity fund; and 1.85% for A-class units and 0.75% for F-class units for the global equity fund. Minimum investment for registered accounts is $500, or $1,000 for non-registered accounts.
Compiled by Clare O’Hara (cohara@investmentexecutive.com).

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