Toronto-based RBC Global Asset Management Inc. (RBCGAM) has reopened Phillips Hager & North Short Term Bond & Mortgage Fund to new investors. The fund was closed to new investors in July 2016 as a means to manage money inflows. However, the fund’s portfolio managers have determined that there now is enough capacity in the short-term […]
Toronto-based Franklin Templeton Investments Corp. has launched a mutual fund that focuses on North American equities. Franklin Bissett Canada Plus Equity Fund can invest up to 49% of its portfolio in foreign securities, with an emphasis on U.S. equities. As well, the fund’s portfolio managers may use equity-based put options to reduce the overall volatility […]
Oakville, Ont.-based Harvest Portfolios Group Inc. has completed the conversion of its Tech Achievers Growth and Income Fund, a closed-end mutual fund, into an ETF. The new ETF, available in either Canadian and U.S. dollars, invests in a portfolio of 20 equally weighted large-cap technology issuers listed on a North American stock exchange that specialize […]
WisdomTree Asset Management Canada Inc., based in Toronto, has launched two new “smart beta” ETFs, bringing the firm’s total Canadian complement to eight. WisdomTree Yield Enhanced Canada Aggregate Bond Index ETF provides unitholders with income potential by tracking the price and yield performance of the Bloomberg Barclays Canadian aggregate enhanced yield index. This index is […]
Toronto-based RBC Global Asset Management Inc. is bringing together its socially responsible investing (SRI) funds to create a new suite of mutual funds called RBC Vision Funds. The move involves the grouping and renaming of a Phillips Hager & North SRI fund with RBC Jantzi funds to create a single, cohesive SRI product shelf. As […]
Montreal-based National Bank Investments Inc. has changed portfolio managers for National Bank Global Diversified Equity Fund. As of September, Montreal-based National Bank Trust Inc. will replace Toronto-based Fidelity Investments Canada ULC as the fund’s portfolio manager. The fund is meant to provide unitholders with long-term capital growth by investing directly in the equities of companies […]
Toronto-based First Asset Management Inc. has launched First Asset U.S. TrendLeaders Index ETF. This ETF is designed to follow the performance of the CIBC U.S. TrendLeaders index. That index consists of a portfolio of U.S. equities selected by a proprietary rules-based model created by Toronto-based CIBC World Markets Inc. To qualify for inclusion in the […]
Toronto-based First Asset Investment Management Inc. has named Signature Global Asset Management, a unit of CI Investments Inc., as the portfolio manager for First Asset Hamilton Capital European ETF. For full details, visit www.firstasset.com. (fcollie@investmentexecutive.com). © 2017 Investment Executive. All rights reserved.
Toronto-based Horizons ETFs Management (Canada) Inc. has launched a new ETF focused on Europe-based companies. In what Horizons is hailing as a “Canadian first,” Horizons EURO STOXX 50 Index ETF seeks to replicate the EURO STOXX 50 futures roll index (total return). The index includes stocks of companies in 19 European Union countries that have […]
A new mutual fund from Toronto-based RBC Global Asset Management Inc. seeks to take advantage of market trends. RBC Trend Canadian Equity Fund follows the investment thesis that recent trends in securities prices tend to continue for a period of time. The fund uses a tactical approach in asset allocation and has the flexibility to […]