Manulife Mutual Funds will be closing some of its funds, including Series IT.
Outflows have continued for the 13th straight month.
Investors who thought they put money into actively managed funds, but got products that were simply tracking indexes, may sue the companies involved.
Fidelity Canada is launching 10 new funds, including currency neutral investment options.
Purpose Investments Inc. has launched two new investment funds, the Purpose Best Ideas Fund and the Purpose Duration Hedged Real Estate Fund (PHR).
Epoch Investment Partners, Inc. will be a portfolio adviser for the funds.
As part of this launch the annual management fee on its iShares S&P/TSX Capped Composite Index ETF (XIC) will be lowered to 0.05%.
In a sign ETFs are now an established part of the Canadian fund market, they played a bigger part in this year’s Canadian Investment Awards. The Morningstar Canadian Investment Awards added a new ETF category this year based on investor feedback: Best Specialty ETF. The inaugural winner of this category was BlackRock Canada’s iShares Fundamental […]
Fund managers should take advantage of high-yield assets.
GrowthWorks Canadian Fund Ltd. is seeking a court supervised Companies' Creditors Arrangement Act (CCAA).