Toronto-based Invesco Canada Ltd. has promoted Eric Lindenbaum and Jack Deino to co-heads of Invesco’s emerging-markets debt business. They also will take over as lead portfolio managers for Invesco Emerging Markets Debt Fund. Claudia Calich, who previously served as portfolio manager for the fund, will be leaving Invesco. The fund’s investment objectives, philosophy and process […]
Toronto-based Manulife Mutual Funds has launched four new mutual funds: Manulife Global Balanced Fund, Manulife U.S. Dollar Floating Rate Income Fund, Manulife Canadian Conservative Balanced Fund and Manulife Preferred Income Class. Manulife Global Balanced Fund seeks to provide investors with a diversified approach to global equities and fixed-income investing and will be managed by Calgary-based […]
There are clear signs that insurance firms and their advisors are open to the business-building potential of this emerging technology
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 […]
With regulations, products and communication technology changing at an accelerating pace, more financial advisors are developing collaborative relationships with their compliance departments
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 […]
Advisors respond favourably to their firms' efforts in some key areas of importance
Former Waterloo advisor Jennifer Killins still awaits a sentencing hearing, expected in September