Manulife Multifactor Canadian SMID Cap Index ETF and Manulife Multifactor U.S. Small Cap Index ETF are subadvised by Dimensional Fund Advisors Canada
James Robertson added as manager to 10 funds
With price/earnings multiples well above historical averages, today’s stock market favours active management and a critical approach to stock picking
The changes are in response to the OSC’s amended investment risk classification methodology
The ETFs are designed to track indices that Dimensional Fund Advisors, whose Canadian unit is subadvising the new ETFs, has developed
The firm is introducing four asset-allocation portfolios and plans to fold 12 of its existing funds into the new portfolios
Manulife plans to terminate several funds in two phases to simplify its platform while RBC will shut down two funds due to their small size and to get rid of duplication
Fixed administration fees replace certain operating expenses for two mutual funds
Patrick Blais will work with Monika Skiba, the Canadian fundamental equity team’s leader, until her retirement later this year, then take over the role after that
The four multifactor equities ETF strategies will have DFAC as their subadvisor and focus on multiple geographies