As many as eight million Canadians will become infected with the influenza virus this winter
Toronto-based Manulife Mutual Funds has launched Simplicity Income Portfolio, an asset-allocation program that aims for a steady flow of income and long-term growth. The portfolio invests in several mutual funds, focusing on fixed-income and income-generating Canadian equity funds. The fund manager may move up to 25% of the net assets of the portfolio into cash […]
AGF Funds Inc. has introduced AGF Elements, a series of fund-of-fund portfolios built by U.S.-based pension consultant and investment management firm Wilshire Associates. Elements is composed of five portfolios: conservative (60% fixed-income, 40% equities), balanced (40%/60%), growth (20%/80%), global (100% equities) and yield (50% fixed-income/50% income-producing equities). Investors will receive up to 0.9% in new […]
Barclays Global Investors Canada Ltd. has filed the preliminary prospectus for four new iUnits, a series of index funds that provide sector exposure and inflation protection, the company says. The four new funds are iUnits Materials Sector Index Fund (XMA), iUnits Income Trust Sector Index Fund (XTR), iUnits Dividend Index Fund (XDV) and iUnits Real […]
Toronto-based Saxon Financial Inc. has shifted its fixed-income investment management team so that Steve Locke assumes the position of lead portfolio manager of Saxon Bond Fund. Locke has been a member of the Saxon team since 2003 and has more than 11 years of investment-management experience. The firm says it will probably add a co-manager […]
Socially responsible investing firm Meritas Mutual Funds Inc., based in Cambridge, Ont., has appointed Davis Advisors as sub-advisor to Meritas U.S. Equity Fund, effective Jan. 3. New York-based Davis has a number of institutional and private clients with SRI guidelines and mandates, Meritas says. “[Davis] is an excellent manager, and last year it was runner-up […]
“Once-in-a-lifetime” opportunity for KL Nova co-founder to lead Dundee into top place
Pictet International Management Ltd. has joined HSBC Investments (Canada) Ltd. as investment advisor of the firm’s MM International Growth Equity Pooled Fund, effective Nov. 21. The Europe-based asset-management firm replaces Marvin & Palmer Associates Inc., based in Delaware. “It was an issue of style and risk,” says Marc Cevey, CEO of HSBC Investments. “Marvin & […]
TD Asset Management Inc. has launched the Premium Series of its TD Managed Assets Program portfolios. The fund-of-funds products comprise funds from TD’s mutual fund lineup, as well as some funds from other Canadian fund companies (in the case of TD FundSmart Managed Portfolios). “The Premium Series is aimed at higher-balance investors; it offers a […]
Toronto-based United Financial Corp. has announced the appointment of QVGD Investors Inc., effective Nov. 21, as subadvisor of its Canadian Equity Small-Cap Pool, included in both Optima Strategy and Private Client managed portfolios. QVGD was chosen for its successful track record, disciplined investment management and the team’s track record in Canadian small-cap management, United Financial […]