Toronto-based Purpose Investments Inc. has launched two international investment funds. Purpose International Dividend Fund invests in high-quality international companies outside of Canada and the U.S. that pay good dividends and show the ability to grow those dividends in future. Purpose International Tactical Hedged Equity Fund employs a rules-based portfolio-selection strategy from a universe of international […]
Toronto-based Mackenzie Financial Corp. has appointed Todd Mattina as chief economist and strategist for the Mackenzie asset-allocation team. Mattina will support the firm’s asset-allocation solutions by building proprietary valuation models and assessing macroeconomic conditions and their impact on global markets. He also will deliver macroeconomic insights on Mackenzie Investments’ behalf on the company’s website and […]
Toronto-based Franklin Templeton Investments Corp. has approved mergers for six of its corporate-class funds. The changes are in response to federal tax law changes as of Dec 31, 2014, which removed eligibility for yield-class funds to have income treated as capital gains via forward contracts. Five corporate-class funds will merge into their corresponding mutual fund […]
Toronto-based Fidelity Investments Canada ULC has launched Fidelity Event Driven Opportunities Fund and Fidelity Conservative Income Private Pool. Fidelity Event Driven Opportunities Fund aims to achieve long-term capital growth by investing primarily in equities of companies that are involved in corporate events. Arvind Navaratnam, portfolio manager in Boston with Fidelity’s asset-management division, will manage this […]
Toronto-based IA Clarington Investments Inc. is amending the investment objectives of eight of its corporate-class funds, subject to regulatory approval. The changes are in response to Canadian tax law changes that were introduced in the 2013 federal budget to eliminate the favourable tax treatment relating to forward contracts that had recharacterized income as more tax-efficient […]
Toronto-based TD Asset Management Inc., portfolio manager of TD Mutual Funds, has added K-class units to the TD Retirement Conservative Portfolio, the TD Retirement Balanced Portfolio and TD Tactical Monthly Income Fund. The K-class units require a minimum investment of $150,000 for the TD Retirement portfolios and of $100,000 for TD Tactical Monthly Income Fund. […]
Toronto-based PowerShares Canada, a subsidiary of Atlanta-base Invesco Ltd., has introduced two new “smart beta” ETFs that employ a low-volatility strategy to provide investors with access to global equities markets. PowerShares S&P International Developed Low Volatility Index ETF seeks to replicate the performance of the S&P BMI international developed low-volatility index. This index is designed […]
Toronto-based First Asset investment Management Inc. has added two actively managed exchange-traded funds (ETFs) to its lineup. First Asset Active Canadian REIT ETF will build a portfolio of Canadian real estate investment trusts (REITs) and real estate operating corporations that offer attractive yields backed by predictable, recurring cash flow and which are well positioned for […]
Dynamic Funds, managed by Toronto-based 1832 Asset Management LP, has unveiled two new core global investment products: Dynamic Global Balanced Fund and Dynamic Global Equity Fund. Both funds will be managed by Dana Love, vice president and portfolio manager with Dynamic Funds. Dynamic Global Balanced Fund seeks to achieve long-term capital growth and income through […]
Toronto-based CI Investments Inc. has made several enhancements to CI Canadian Dividend Growth Fund and CI U.S. Dividend Growth Fund, including the appointment of Cambridge Global Asset Management (a Toronto-based unit of CI) as portfolio advisor and the introduction of monthly distributions. The fund names also have been changed: CI Canadian Dividend Growth Fund will […]