TD Asset Management, manager of TD Mutual Funds, is lowering the maximum annual management fees on select series of 45 TD Mutual Funds, effective March 28, 2017
Mackenzie Financial Corporation has announced that investors have approved the merger of nine Mackenzie funds (see the table below), and that there will be changes to the investment objectives of two Mackenzie funds.
Effective today, Signature Global Asset Management will assume portfolio management responsibilities for the First Asset Hamilton Capital European Bank ETF. The fund is currently managed by First Asset Investment Management.
The Thomson Reuters Lipper fund awards honour funds and fund management firms that provide consistently strong risk-adjusted performance relative to their peers, for various time periods ending July 31, 2016. Individual classifications of three-, five- and 10-year periods, as well as fund families with high average scores for the three-year period, are recognized. Read: Where […]
Scotia Managed Companies Administration has announced that the Moneda LatAm Growth Fund will terminate after the close of business on November 29, 2016.
Franklin Templeton Investments Corp. is now offering the Franklin K2 Alternative Strategies Fund to accredited Canadian retail investors. Previously available only to Canadian institutional investors, this multi-manager, liquid alternative strategy provides access to hedge fund managers. With its diversified portfolio of hedge strategies, the fund seeks to provide attractive risk-adjusted returns with reduced portfolio volatility […]
Invesco has announced changes to its product lineup in response to tax-treatment changes from the 2013 federal budget. Subject to regulatory approval, Invesco plans to merge shares of Invesco Intactive Strategic Capital Yield Portfolio Class into units of Invesco Intactive Strategic Yield Portfolio, effective at close of business on March 24, 2017. Concurrently, Invesco plans […]
Montreal-based Heward Investment Management Inc. has three new pooled funds. The Heward Income Fund seeks to generate long-term capital appreciation and investment income. The fund invests in a diversified basket of debt securities, preferred shares, income trusts, real estate investment trusts, hybrid products and common shares. Read: What to know about investing within a trust […]
The fund seeks to achieve long-term capital growth by investing globally in investments that can benefit from rapidly aging populations.
Nearly all of the 44 Morningstar Canada Fund Indices increased during the quarter ending Sept. 30, 2016, including 14 indices that increased by at least 5%.