Toronto-based Franklin Templeton Investments Corp. will merge six corporate-class funds into other funds because of tax changes announced by the federal government in 2013. Pending unitholder and regulatory approvals, the following mergers will occur on or about Dec. 12: Franklin Bissett Bond Yield Class and Franklin Bissett Bond Corporate Class will merge into Franklin Bissett […]
Now is a good time to review strategies - such as those involving charitable donations and TFSAs - that are affected by the end of the calendar year
Toronto-based Invesco Canada Ltd. is closing Trimark Canadian Small Companies Fund to new investors, effective Oct. 8. The fund’s closure is intended to protect the interests of existing unitholders, who may continue to invest in the fund. With assets under management of about $700 million, the fund invests mainly in common shares of a diversified […]
This development should be seen as an opportunity
Montreal-based National Bank Investments Inc. has expanded its Meritage Portfolios lineup with the addition of the Meritage Global Income and Growth Portfolio. The new portfolio is suitable for investors who are looking for a globally diversified, balanced investment solution; it invests in global equity and global fixed-income funds. The portfolio has an investment objective of […]
From stock market booms and busts to the rapid advance of technology and consolidation in the brokerage business, two veteran advisors describe how they met some of the challenges thrown their way in the past quarter-century
Toronto-based TD Asset Management Inc., portfolio manager of TD Mutual Funds, has added K-class units to the TD Retirement Conservative Portfolio, the TD Retirement Balanced Portfolio and TD Tactical Monthly Income Fund. The K-class units require a minimum investment of $150,000 for the TD Retirement portfolios and of $100,000 for TD Tactical Monthly Income Fund. […]
Toronto-based PowerShares Canada, a subsidiary of Atlanta-base Invesco Ltd., has introduced two new “smart beta” ETFs that employ a low-volatility strategy to provide investors with access to global equities markets. PowerShares S&P International Developed Low Volatility Index ETF seeks to replicate the performance of the S&P BMI international developed low-volatility index. This index is designed […]
Toronto-based First Asset investment Management Inc. has added two actively managed exchange-traded funds (ETFs) to its lineup. First Asset Active Canadian REIT ETF will build a portfolio of Canadian real estate investment trusts (REITs) and real estate operating corporations that offer attractive yields backed by predictable, recurring cash flow and which are well positioned for […]
It's been a great year for advisors, as they are enjoying an all-time high in the average book of business while their firms continue to deliver in the categories that matter most