A new exchange-traded fund (ETF) now is available from Toronto-based FT Portfolios Canada Co. (First Trust Canada). First Trust Tactical Bond Index ETF is meant to replicate the performance of the NASDAQ IBIS Canadian preservation index CAD TRSM, net of expenses. The index looks to construct a fixed-income portfolio with exposure to several fixed-income asset […]
Calgary-based Mawer Investment Management Ltd. has introduced Mawer Global Bond Fund, which is designed to provide investors with diversification by way of currencies, countries, yield curves and unhedged currency positions with a historically low correlation to equities. Managed by James Redpath and Michael Crofts, the fund will invest exclusively in investment-grade government and government-related bonds. […]
Toronto-based Franklin Templeton Investments Corp. has launched a new balanced mutual fund, Franklin Bissett Monthly Income and Growth Fund, which focuses primarily on the Canadian equities and fixed-income markets; the fund’s exposure to U.S. and global markets is limited to 30% of assets under management. The fund’s monthly income comes mainly from Canadian and U.S. […]
Toronto-based Invesco Canada Ltd. plans to combine 12 of its mutual funds on Aug. 7: Invesco Select Canadian Equity Class with Trimark Canadian Class; Invesco Pure Canadian Equity Class with Trimark Canadian Opportunity Class; Invesco Canadian Equity Growth Class will merge with Invesco Canadian Premier Growth Class; PowerShares Tactical Bond Capital Yield Class with PowerShares […]
Vanguard Investments Canada Inc. of Toronto is proposing to broaden the diversification of six exchange-traded funds (ETFs) to all-capitalization benchmarks. These ETFs include: Vanguard FTSE Emerging Markets Index ETF; Vanguard FTSE All-World ex-Canada Index ETF; Vanguard FTSE Developed Asia-Pacific Index ETF; Vanguard FTSE Developed Europe Index ETF; Vanguard FTSE Developed ex-North America Index ETF; and […]
Toronto-based Mackenzie Financial Corp. has launched Mackenzie Global Tactical Investment Grade Bond Fund. Its objective is to generate income by investing in investment-grade, fixed-income securities issued by companies and governments from around the world, regardless of size. Konstantin Boehmer and Felix Wong will co-manage the fund. Advisor commissions are 0%-5% for front-end sales; 5% for […]
Toronto-based Standard Life Mutual Funds Inc. and Manulife Asset Management Accord (2015) Inc. (MAM) have made several changes to their investment teams. Terry Carr, head of MAM’s Canadian fixed-income team, now will be responsible for Standard Life Canadian Bond Fund, Standard Life Canadian Bond Class, Standard Life Short Term Bond Fund and Standard Life Tactical […]
RBC Global Asset Management Inc. (RBCGAM) of Toronto now offers a corporate-class version of RBC Balanced Growth & Income Fund. Created in 2013, RBC Balanced Growth & Income Fund has more than $900 million in assets under management (AUM). The new corporate-class fund’s diversified global asset mix and range of income solutions is meant to […]
Toronto-based Fidelity Investments Canada ULC has unveiled two new funds: Fidelity Global Intrinsic Value Class and Fidelity American Balanced Fund. Fidelity Global Intrinsic Value Class is an opportunistic global equities strategy with a particular emphasis on small- and mid-cap stocks. Its goal is to deliver long-term capital growth through a value investment framework. Joel Tillinghast, […]
Lévis, Que.-based Desjardins Funds has launched a family of four strategic-beta mutual funds. Known as the IBrix Funds, these investment funds use both active and passive portfolio management. Managed by Desjardins Global Asset Management Inc., the four new funds are: Desjardins IBrix Canadian High Dividend Equity Fund, Desjardins IBrix Canadian Equity Focus Fund, Desjardins IBrix […]