Calgary-based Mawer Investment Management Ltd. has reduced management fees for Mawer Canadian Bond Fund and Mawer Canadian Money Market Fund. Mawer Canadian Bond Fund Class A’s management fee was dropped to 0.60% from 0.78%; Mawer Canadian Money Market Fund Class A’s management fee was lowered to 0.40% from 0.48%. These changes, the firm says, are […]
Calgary-based Canoe Financial LP will terminate the A-class units and F-class units of both Canoe Canadian Money Market Class Fund and Canoe Capital Appreciation Class Fund on Sept. 15. Due to the small size of these funds, Canoe Financial says, it is in the best interests of unitholders to close the funds. Units of both […]
Toronto-based Manulife Mutual Funds has completed the conversion of Manulife Strategic Income Opportunities Fund into an open-ended mutual fund and has renamed the fund Manulife Global Tactical Credit Fund. In connection with the conversion, units of Manulife Strategic Income Opportunities Fund were made redeemable daily on demand at their net asset value. The units outstanding […]
Toronto-based BlackRock Asset Management Canada Ltd. is implementing changes to the investment strategy of iShares U.S. High Yield Bond Index Fund (hedged in Canadian dollars [C$]). The new strategy is to invest primarily in a regularly rebalanced portfolio of U.S. dollar-denominated (US$) high-yield corporate bonds selected by BlackRock Canada that, in aggregate, closely match the […]
Toronto-based Front Street Capital Inc. has appointed Rick Brown as senior portfolio manager of fixed-income. He will oversee all fixed- and variable-income portfolio-management responsibilities at the firm. Brown will be responsible for implementing fixed-income investment strategy and research, as well as for driving the investment and reallocation process. Brown is the lead portfolio manager of […]
Toronto-based BMO Investments Inc. has announced changes to a number of its mutual funds. BMO Asset Management Inc. (BMOAM) will replace both New York-based Lazard Asset Management (Canada) Inc., the current portfolio manager of BMO Global Absolute Return Fund, and Montreal-based Global Alpha Capital Management Ltd., the current portfolio manager of BMO Global Small Cap […]
Toronto-based FT Portfolios Canada Co., an affiliate of Chicago-based First Trust Portfolios LP, has launched its first set of fundamentally weighted dividend exchange-traded funds (ETFs). First Trust AlphaDEX Canadian Dividend Plus ETF will invest primarily in a portfolio of higher-yielding Canadian dividend-paying stocks. First Trust AlphaDEX U.S. Dividend Plus ETF (hedged into Canadian dollars) will […]
Toronto-based Manulife Mutual Funds has given Roberto Sanchez-Dahl, managing director and senior portfolio manager, and Paolo Valle, managing director and senior portfolio manager, both with Manulife Asset Management, the portfolio-management responsibilities for Manulife Emerging Markets Debt Fund. The fixed-income portion of Manulife Emerging Markets Balanced Fund also will be managed by this new team, which […]
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