{"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":"<p>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.<BR><BR>\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.<BR><BR>\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.<BR><BR>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. <BR><BR>Investors won\u2019t be able buy units of the portfolio series until the relevant securities commissions issue receipts for the simplified prospectus.<BR><BR>\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.<BR><BR><b>IE<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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}]}}