Brookfield Investment Management has closed the initial public offering of the Brookfield High Yield Strategic Income Fund. Prior to the offering, a total of 12.5 million units were offered at $10.00 each, for gross proceeds of $125 million. They’re now listed on the TSX. The fund provides exposure to a portfolio comprised of high yield […]
Franklin Templeton Investments plans to merge the Wellington West Franklin Templeton Balanced Retirement Income Fund into the Quotential Balanced Growth Portfolio, effective June 22, 2012. Unitholders of the terminating fund will receive Series A securities of the continuing fund on a dollar-for-dollar basis. All costs associated with the termination will be borne by Franklin Templeton.
Unable to finalize a plan for the GrowthWorks Canadian Fund, which stopped payments to investors last fall amid a cash crunch, regulators have extended the freeze until July 31, 2012.
CI Investments plans to integrate its Castlerock Investments mutual funds into the CI family of funds. These and other changes will enhance the efficiency of its overall lineup. Current changes include: Moving the administration of the Castlerock mutual funds from a third-party service provider to CI’s back office, effective on July 26, 2012. Changing the […]
The benefits of indexing may be obvious to some, but there’s debate about which kind will deliver good performance
In the early 1990s, a director in the asset management division at Goldman Sachs approached Clifford Asness (above), a trader of mortgage-backed securities in his late 20s, with a proposal: Would he like to run Goldman's new quantitative research desk?
Manulife is expanding global investment options to advisors and their clients by launching 15 new funds.
Anne Brayley, vice president of professional advisory services at the Toronto Community Foundation recently spoke with Susan Latremoille, Director, Wealth Management, at Richardson GMP Limited. A member of the Investment Committee at the Toronto Community Foundation, Susan shares her experience with community foundations and their role in philanthropy.
Manulife Mutual Funds expanded its global-oriented funds with the launch this week of two new emerging markets trust funds and an emerging markets corporate class. In addition, Manulife Mutual Funds has added a new choice for Canadian Balanced investors, as well as several corporate class and trust fund structures, to the product line.
Financial advisors must make investment decisions for their clients based on whatever information is available at that moment, not unlike the physician who must make a diagnosis with limited information about his patient’s condition.