Toronto-based Horizons ETF Management (Canada) Inc. has launched two exchange-traded funds (ETFs). Horizons Active Cdn. Municipal Bond ETF will invest primarily in Canadian municipal bonds denominated in Canadian dollars. Up to 75% of the fund’s assets will consist of non-rated Canadian municipal bonds, which are issued by mid-size municipalities and provide a slightly higher yield […]
Toronto-based BMO Asset Management Inc. has launched four exchange-traded funds (ETFs), bringing its total roster of index-linked investments to 63 funds. All four of the new funds will give investors exposure to international markets and are meant to help investors manage risk and enhance yield. The four new funds are: BMO Low Volatility International Equity […]
Manulife Strategic Dividend Bundle now is available to retail investors. Launched by Toronto-based Manulife Investments, a division of Manulife Asset Management Ltd., the fund-of-funds provides investors with 60% exposure to Manulife Dividend Income Fund and 40% exposure to Manulife Strategic Income Fund. The bundle provides investors with exposure to both fixed-income assets in a global […]
Montreal-based Fiera Capital Corp. will close Fiera Tactical Bond Yield Fund and Fiera Tactical Bond Yield Fund II as of Nov. 30. The two funds now are suspended and are not accepting new purchases of units. Fiera decided to terminate the funds primarily because of the small number of unitholders and assets under management held […]
Vancouver-based Connor Clark & Lunn Investment Management Ltd. (CC&L) is now subadvisor to Renaissance High Income Fund (previously called Renaissance Millennium High Income Fund), sponsored by Toronto-based CIBC Asset Management Inc. CC&L offers several investment-management services, including equities, fixed-income, balanced and alternative solutions (including market-neutral and high-income strategies). The privately owned CC&L manages financial assets […]
Manulife Investments, a division of Toronto-based Manulife Asset Management Ltd., has reduced the risk ratings of five of its mutual funds. Manulife Diversified Strategies Fund’s risk rating is now “low” (down from “low to medium”); Manulife Special Opportunities Class is now rated as “medium” (down from “high”); Manulife China Class’ risk rating has moved from […]
Toronto-based First Asset Management Inc. has completed the conversion of the closed-end First Asset Canadian REIT Income Fund into an exchange-traded fund (ETF). (The fund was originally launched as a TSX-listed, closed-end fund in November 2004.) Advisor units are available for First Asset Canadian REIT ETF, which invests primarily in Canadian real estate investment trusts […]
Toronto-based Sprott Asset Management LP has launched two new mutual funds: Sprott Enhanced U.S. Equity Class Fund and Sprott Global REIT & Property Equity Fund. Sprott Enhanced U.S. Equity Class Fund provides exposure to U.S. large-cap equities with a focus on reducing downside volatility. It will be available mainly in U.S. dollars. John Wilson, CEO, […]
London, Ont.-based Highstreet Asset Management Inc. has assumed portfolio-management responsibilities for AGF Dividend Income Fund. AGF Investments Inc. was the fund’s original portfolio manager. The investment objective and strategy for the fund remains the same. Fred Steciuk, senior vice president of Highstreet and portfolio manager, will lead the fund’s portfolio-management team. Highstreet provides discretionary money-management […]
Calgary-based Aston Hill Financial Inc. subsidiaries Aston Hill Asset Management Inc. and Aston Hill Capital Markets Inc. are proposing to reorganize three funds. The asset managers propose to change three funds – Aston Hill VIP Income Fund, Aston Hill Oil & Gas Income Fund and Low Volatility Canadian Equities Income Fund – to open-ended funds […]