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Product roundup: More ETFs flood the Canadian market
Investment Executive· 2026-02-23 16:36
Its new fixed-income funds, which each have a 0.35% management fee, include:Russell Investments Fallen Angels ETF (TSX: HALO), which targets bonds that have been downgraded from investment grade to high yield. It’s designed to act “as a potential return enhancer” and diversify a fixed-income allocation, a release said.Russell Investments Core Plus Fixed Income ETF (TSX: RBND), which allocates approximately 80% to Russell Investments’ active fixed-income pool ETF (TSX: RIFI) and 20% to HALO. It’s designed to ...
Franklin Templeton Canada Announces Investment Fund Updates, including Fee Reductions and Series Terminations - Franklin Resources (NYSE:BEN)
Benzinga· 2026-02-19 21:05
Fee Reduction - Franklin Innovation Fund will reduce management and administration fees effective March 1, 2026, enhancing its competitive cost structure within its peer group [1] Proposed Investment Objective Changes - Investment objectives for Franklin Quotential Balanced Growth Portfolio, Franklin Quotential Balanced Income Portfolio, and Franklin Canadian Balanced Fund are proposed to change, pending approval at a special meeting on or about May 4, 2026 [2][3] - The changes aim to align the investment objectives of the Quotential portfolios with other Quotential strategies, allowing for greater flexibility in asset allocation [3] - The Franklin Canadian Balanced Fund will shift its investment focus primarily to Canadian equities and fixed income, rather than a portfolio of Franklin Templeton Funds, if approved [4] Special Meeting and Communication - Investors in the Funds as of March 23, 2026, will receive special meeting materials in compliance with securities laws, with details available on Franklin Templeton's website around April 2, 2026 [5] Mutual Fund and ETF Series Terminations - Franklin Templeton Canada plans to voluntarily delist the ETF series of Franklin ClearBridge International Growth Fund and Franklin Global Growth Fund from the Toronto Stock Exchange, effective May 8, 2026, with termination on May 15, 2026 [6] - No further direct subscriptions for units of FSCI or FGGE will be accepted as of February 19, 2026, and investors who do not redeem their units by May 8, 2026, will receive cash representing their share of the ETF Series assets around May 18, 2026 [7]