New subadvisor announced for global equity fund
Fund mergers and investment objective changes will take effect in February
The system could reduce the overall global cost of fund distribution by as much as US$4.2 billion
“Monthly-fixed” policy will apply to five portfolios
Long gone are the days when mutual funds and ETFs were two solitudes. Having both products has proven to be a winning strategy
The company is tweaking the investment objectives of SocieTerra Growth Portfolio and Desjardins Quebec Balanced Fund
Technology also played a critical role in the proliferation of products such as ETFs during the past 10 years
Although small-cap stocks have underperformed this year, they have beaten the broader market over 10 years
Long-term funds recorded net redemptions of $4 billion
The projections for mutual fund returns in the next several years are modest at best