The first two ETFs will be listed on the TSX on May 30 while two strategic beta ETFs will launch on June 5
The changes are expected to kick in April 3 and management fees will be reduced by 35%
The changes, which affect three emerging market funds, see key individuals assume leadership positions as Mark Mobius steps off from the portfolio management teams
Both firms will be launching their first suites of ETFs, with Franklin Templeton introducing four ETFs and Desjardins launching nine ETFs
Dennis Tew and Matthew Williams are the new heads of national sales and institutional and client service, respectively
The firm is also lowering the management fees of Franklin Quotential Balanced Growth Portfolio and Franklin Quotential Balanced Growth Corporate Class Portfolio
Duane Green, the firm’s managing director, Canada, will take over from Reed early next year
One portfolio provides an actively managed mix of domestic and foreign fixed-income while the other fund provides steady income from Canada government bonds
The company’s proposed new ‘Simplicity Pricing’ program recognizes higher levels of client investment with a flat fee
Investors will be placed in corresponding continuing funds