Toronto-based Horizons Exchange Traded Funds Inc. and its affiliate, AlphaPro Management Inc., have launched two new exchange-traded funds (ETFs): a core Canadian bond ETF and an emerging-markets dividend ETF. Horizons Active Canadian Bond ETF is an actively managed ETF that seeks long-term returns primarily through maximized interest income and moderate capital appreciation. This fund invests […]
Toronto-based TD Asset Management Inc. (TDAM), manager of TD Managed Maximum Equity Growth Portfolio and TD FundSmart Managed Maximum Equity Growth Portfolio, has changed the portfolios’ neutral asset mix from generally 100% equities to 90% equities and 10% fixed-income. The asset allocation will be maintained within a range of 10% above or below the neutral […]
Toronto-based FT Portfolios Canada Co. has launched two new mutual funds: First Trust U. S. Dividend Portfolio and First Trust Global Balanced Portfolio. These funds will be managed by First Trust Advisors LP, an affiliate of FT Portfolios Canada Co. First Trust Global Balanced Portfolio will provide investors with the opportunity to earn above-average total […]
Toronto-based BMO Asset Management Inc. has changed the investment strategies of five BMO exchange-traded funds (ETFs). BMO Dow Jones Canada Titans 60 Index ETF now is associated with the S&P/TSX capped composite index, and will be renamed BMO S&P/TSX Capped Composite Index ETF. BMO U. S. Equity Hedged to CAD Index ETF now is associated […]
Toronto-based Sentry Investments Inc. has expanded its line-up of fixed-income offerings with the addition of three funds. Sentry Bond Plus Fund, Sentry Enhanced Corporate Bond Fund and Sentry Enhanced Corporate Bond Capital Yield Class will be managed by Sentry’s fixed-income team, led by James Dutkiewicz, vice president and senior portfolio manager. Sentry Bond Plus Fund […]
Toronto-based Russell Investments Canada Ltd. has launched a new investment pool designed for Canadian investors who want to hold short-term, fixed-income securities that offer the potential for lower volatility and less interest rate risk than longer-duration fixed-income funds. Russell Short Term Income Pool and Class invests in domestic short-term corporate bonds, floating-rate notes, asset-backed securities, […]
Toronto-based Mackenzie Financial Corp. has appointed Andrew Massie as lead portfolio manager on Mackenzie Cundill Global Dividend Fund. In addition, Massie will shift from co-manager to lead manager of Mackenzie Cundill International Class and Mackenzie Cundill Global Balanced funds. Lawrence Chin, coteam lead and Cundill’s head of research, joins Massie as comanager for Mackenzie Cundill […]
Toronto-based Transamerica Life Canada has selected CI Investments Inc. of Toronto as the new subadvisor for its TOP Guaranteed Investment Portfolios (GIPs), which were previously managed by an in-house team. The GIPs are available within certain segregated fund contracts and for the imaxx TOP Managed Index Interest Options available within certain universal life contracts. As […]
Toronto-based Vanguard Investments Canada Inc. plans to broaden its family of low-cost exchange-traded funds (ETFs) to 11 with the addition of five new ETFs. The firm has filed a preliminary prospectus with Canadian securities regulators for four new equity ETFs and one new bond ETF. The new funds will include Vanguard FTSE Canadian High Dividend […]
Toronto-based JovFinancial Solutions Inc., portfolio manager of Horizons Advantaged Equity Fund Inc. and Jov Canadian Equity Class Fund, both sponsored by Jov Corporate Funds Ltd., has announced that Toronto-based T.I.P. Wealth Manager Inc. is no longer the subadvisor to the funds. Leon Frazer & Associates Inc., an affiliate of JovFinancial, will continue to act as […]