Toronto-based Fidelity Investments Canada ULC has expanded its U.S. mutual fund lineup for Canadian investors
Earl Evans will be staying in Canada for three more years in a greatly expanded position within Australia’s Macquarie Group
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But small competitors are angling for a bigger piece of the trading pie
One-third of all wealth in North America now is controlled by women. And that percentage is increasing by 8% annually, according to a recent study conducted by Bank of Montreal (BMO). But when it comes to retirement planning, the BMO survey also found, women are less likely to be as prepared as their male counterparts. […]
Toronto-based Franklin Templeton Investments Corp. has launched Franklin U.S. Rising Dividends Hedged Corporate Class Fund, which seeks to achieve long-term capital appreciation by investing substantially all of its assets in units of Franklin U.S. Rising Dividends Fund, a portfolio of U.S. equities with a focus on companies that have paid consistent and increasing dividends. The […]
Toronto-based BlackRock Asset Management Canada Ltd., a wholly owned subsidiary of BlackRock Inc., has announced management fee changes for iShares S&P 500 Index Fund (Canadian dollar-hedged) and iShares MSCI All World Index Fund. These changes are the result of fee changes announced earlier by BlackRock Inc. to iShares S&P 500 Index Fund, the underlying fund […]
Toronto-based Scotia Asset Management LP (SAM) has announced that Scotia Private Cyclical Opportunities Pool will be terminated on or about Dec. 31. Effective immediately, the fund has ceased distributing its units. Fund holdings may be redeemed or switched prior to the termination date. For unitholders with a discretionary portfolio manager at SAM, their portfolio manager […]
Toronto-based IA Clarington Investments Inc. has changed the name of IA Clarington American Fund to IA Clarington U.S. Dividend Growth Fund. This fund now will be managed by Industrial Alliance Investment Management Inc., which has replaced subadvisor MFS Maclean Budden Ltd. in Toronto. IA Clarington plans to amend the fund’s investment strategy to invest primarily […]
Montreal-based National Bank Securities Inc., manager of the Meritage portfolios, has announced a change in the risk ratings of Meritage Moderate Income Portfolio, Meritage Canadian Equity Class Portfolio and Meritage Canadian Equity Portfolio. The level of risk attributed to Meritage Moderate Income Portfolio has thus been lowered to “low” from “low to medium,” while the […]