Toronto-based IA Clarington Investments Inc. has added two new funds to its product shelf: IA Clarington Core Plus Bond Fund and IA Clarington Focused U.S. Equity Class Fund. IA Clarington Core Plus Bond Fund provides investors with access to investment-grade corporate bonds while protecting against interest rate risk. IA Clarington Focused U.S. Equity Class Fund […]
Toronto-based FT Portfolios Canada Co. (a.k.a. First Trust) has introduced First Trust Short Duration High Yield Bond Exchange-Traded Fund, which invests primarily in a diversified portfolio of subinvestment-grade debt securities. These securities are rated below investment-grade by Moody’s Investors Service Inc. and Standard & Poor’s Financial Services LLC or have received a similar rating by […]
Montreal-based Standard Life Mutual Funds is terminating two equity funds while launching two emerging-markets funds. Standard Life Canadian Equity Focus Fund and Standard Life U.S. Equity Focus Fund will close, effective July 31. Existing unitholders of these two funds have the option to redeem or switch their investments to any Standard Life mutual fund before […]
The under 45-year-old crowd employ smartphones and tablets more than their older colleagues
Advisors at all the banks and credit unions in the survey are happier. Many firms garnered major ratings increases
All firms saw their ratings in this category rise after most increased their digital offerings
Toronto-based NexGen Financial Ltd. Partnership has completed the merger of four funds: NexGen North American Growth Registered Fund has merged with NexGen U.S. Growth Registered Fund; NexGen North American Growth Tax Managed Fund has merged with NexGen U.S. Growth Tax Managed Fund; NexGen North American Small/Mid Cap Registered Fund has merged with NexGen U.S. Growth […]
Toronto-based Fidelity Investments Canada ULC has expanded its product offering with the launch of Fidelity NorthStar Balanced Fund and Fidelity Tactical High Income Fund. Fidelity NorthStar Balanced Fund offers investors the potential for long-term capital growth by investing in a mix of equities securities and fixed-income asset classes from around the world. Fidelity Tactical High […]
Toronto-based CIBC Asset Management Inc. has added three subadvisors to its fund family. Kansas City, Mo.-based American Century Investment Management Inc. has been appointed as a subadvisor for the foreign securities portion of CIBC Monthly Income Fund and Renaissance Canadian Monthly Income Fund. In August 2011, CIBC acquired a 41% minority ownership position in American […]
Advisors in the brokerage and mutual fund channels have been slower to adopt the new technologies