Toronto-based Saxon Mutual Funds plans to offer F-class units for the growing fee-based channel. “We want to go after the fee-based part of the market because that is the high end of the market,” says Mary Savona, Saxon’s vice president of marketing and sales in Toronto. All of Saxon’s nine funds will be available in […]
Toronto-based Front Street Capital closed Front Street Special Opportunities Canadian Fund Ltd. to new purchases, effective March 31. The firm says the fund has reached its capacity in terms of the amount of money that can be effectively managed while maintaining its investment objectives and strategies. The closure applies to A-, B- and F-class shares. […]
Toronto-based Guardian Group of Funds Ltd. introduced two new funds: GGOF Small-Cap Growth and Income Fund, designed for income-oriented investors, and GGOF Global Diversified Fund, aimed at investors who want to generate income and protect against inflation. The small-cap fund invests in Canadian equities, income trusts and equity-related securities issued by companies with small to […]
SciVest Alternative Strategies Inc. launched five new funds aimed at investors looking for risk-managed products. They are: SciVest Oil Sands Index PLUS Fund, SciVest Income Portfolio PLUS Fund, SciVest Commodity Index PLUS Fund, SciVest Asia Pacific Long-Short Equity Fund and SciVest Aggressive Market-Neutral Equity Fund. “Our core strategy is market-neutral, and that strategy doesn’t make […]
Quebec City-based brokerage wants to scoop up talent and market share in Western Canada
Firm acquires Standard Life’s Performa fund dealership in a step to expand outside Quebec
Fund managers offer advice about which energy industry groups to recommend to clients and which to avoid
Claymore Investment Inc. has launched a new exchange-traded fund, ClaymorETFs FTSE RAFI Canadian Index Fund. The fund has selected the FTSE RAFI Canada index as its benchmark. Based on fundamental index weightings, the top five constituents of the index are Royal Bank of Canada, BCE Inc., Alcan Inc., Bank of Nova Scotia and Manulife Financial […]
Ethical Funds Co. in Vancouver has announced a change in the management of Ethical Global Equity Fund. Effective April 18, Manning & Napier Advisors Inc. will assume management of the fund, replacing Rockefeller & Co. Inc. “Our strategy is to identify managers who can deliver performance over an entire market cycle. Managing portfolio risk while […]
Vancouver-based Qtrade Fund Management Inc. has changed the portfolio manager of its QFM funds. Effective immediately, OceanRock Capital Partners Inc., also of Vancouver, will step in as manager, replacing Cornerstone Investment Counsel Ltd.