Plus, an update on RBC's infrastructure fund and Mackenzie Investments closes a few funds
Changes in the market environment have made the structure less tenable six years after legislation removed a main tax advantage
New launches include emerging markets, ESG and private markets, while Invesco is closing multiple funds
The planned closure of Capitalcorp will affect 34 corporate class mutual funds
Horizons facilitating tax-deferral election for clients
Manager launches several series extensions and U.S. dollar purchase options
The closures are partly the result of changes introduced in the 2016 federal budget
Five corporate class funds will be merged into corresponding trust funds
Although corporate class funds have lost some benefits as a result of changes introduced in the federal budget, they still offer potential for tax-efficient growth and income
Investors will no longer be able to switch from one fund to another within these structures without potential tax liability, but tax strategies such as income withdrawals at lower rates will remain viable