{"id":268434,"date":"2010-07-12T15:23:00","date_gmt":"2010-07-12T20:23:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/edgepoint-wealth-plans-non-hst-portfolio-series-launch\/"},"modified":"2010-07-12T15:23:00","modified_gmt":"2010-07-12T20:23:00","slug":"edgepoint-wealth-plans-non-hst-portfolio-series-launch","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/products\/edgepoint-wealth-plans-non-hst-portfolio-series-launch\/","title":{"rendered":"EdgePoint Wealth plans non-HST portfolio series launch"},"content":{"rendered":"

As a result of the decision by Ontario and British Columbia to introduce the Harmonized Sales Tax, EdgePoint Wealth Management Inc. is launching a new series of its portfolios for investors in non-HST participating provinces, the company said Monday.

\u201cWe believe this approach is the appropriate course of action for an investment-led company that puts the interests of its unitholders first in all decisions,\u201d Toronto-based EdgePoint said in a release.

\u201cThe thought of having investors in non-HST participating provinces subsidize investors in HST-participating provinces is just wrong in our opinion,\u201d it added.

EdgePoint plans to launch non-HST equivalents of series A, series B, and series F for each of its portfolios in early August, pending regulatory approval.

Investors won\u2019t be able buy units of the portfolio series until the relevant securities commissions issue receipts for the simplified prospectus.

\u201cNotwithstanding the additional cost that HST adds to all products, we expect our year-end MERs for most series will be lower at the end of 2010 than they were at the end of 2009,\u201d Edgepoint said.

IE<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

MERs expected to drop for most series by end of 2010<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2315],"tags":[2630,2788,2728],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/268434"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=268434"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/268434\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=268434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=268434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=268434"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=268434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}