Canada Deposit Insurance Corporation

Eighteen mutual funds and ETFs managed by TD Asset Management Inc. recognized at the Fundata FundGrade A+® Awards

Retrieved on: 
Friday, February 2, 2024
Fund, GPA, Solactive, Government, Prospectus, Funding, CAD, Investment, GBS, Toronto-Dominion Bank, ETF, Canada Deposit Insurance Corporation, Information ratio, Trust, Insurance, Financial adviser

The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the "best of the best" among Canadian investment funds.

Key Points: 
  • The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the "best of the best" among Canadian investment funds.
  • ]TD Mutual Funds and the TD Managed Assets Program portfolios are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank, and are available through authorized dealers.
  • TD ETFs are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto- Dominion Bank.
  • TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is a North American investment management firm.

HORIZONS ETFs LAUNCHES USD HIGH INTEREST SAVINGS ETF

Retrieved on: 
Thursday, January 18, 2024
ETF, Federal Deposit Insurance Corporation, CASH, Travel, TSX, Horizon, AUM, Management, Canada Deposit Insurance Corporation, Financial adviser

UCSH.U is the most recent addition to Horizons ETFs' suite of cash alternative and money market ETF vehicles, which includes the Horizons High Interest Savings ETF ("CASH"), one of Canada's largest and most popular Canadian dollar cash alternative ETFs, with more than $4 billion in assets under management ("AUM").

Key Points: 
  • UCSH.U is the most recent addition to Horizons ETFs' suite of cash alternative and money market ETF vehicles, which includes the Horizons High Interest Savings ETF ("CASH"), one of Canada's largest and most popular Canadian dollar cash alternative ETFs, with more than $4 billion in assets under management ("AUM").
  • Combined with the Manager's other cash alternative and money market ETFs, the total AUM is more than $8 billion, making it one of the largest suites of its kind in Canada.
  • "Horizons ETFs has positioned itself as a leader in bringing innovative cash management solutions to market, including the launch of the first ETFs in Canada to provide exposure exclusively to short-term Canadian and U.S. treasury bills, back in 2023," said Mr. Mehta.
  • The ETF has closed its initial offering of units and will begin trading today on the TSX when the market opens this morning.

Dynamic Funds launches suite of Dynamic Active ETF Portfolios

Retrieved on: 
Tuesday, November 14, 2023
Canada Deposit Insurance Corporation, Prospectus, Dynamics, Reinsurance, Financial adviser

This Portfolio seeks to achieve a balance of income and long-term capital growth, with a greater weighting towards income.

Key Points: 
  • This Portfolio seeks to achieve a balance of income and long-term capital growth, with a greater weighting towards income.
  • This Portfolio seeks to achieve a balance of long-term capital growth and income, with a significant weighting towards capital growth.
  • The portfolio managers of the underlying Dynamic Active ETFs in these Portfolios each have deep industry experience in their area of expertise, which collectively represents a wide range of asset classes, geographies and sectors.
  • To learn more about these Portfolios and other Dynamic Active ETFs, visit www.dynamic.ca/etfportfolios .

OSFI launches Climate Risk Forum

Retrieved on: 
Monday, June 19, 2023
CRF, Partnership, Partner, Canada Deposit Insurance Corporation, Financial institution, Bank, OSFI, Superintendent, Hub

OTTAWA, ON, June 19, 2023 /CNW/ - Today, the Office of the Superintendent of Financial Institutions (OSFI) launched the Climate Risk Forum (CRF) to build awareness and capacity within Canada's financial sector to respond to climate-related risks.

Key Points: 
  • OTTAWA, ON, June 19, 2023 /CNW/ - Today, the Office of the Superintendent of Financial Institutions (OSFI) launched the Climate Risk Forum (CRF) to build awareness and capacity within Canada's financial sector to respond to climate-related risks.
  • The CRF is a virtual forum used by OSFI to organize its climate engagement activities.
  • It connects OSFI with domestic partners and stakeholders to help the Canadian financial sector navigate the challenges of managing climate-related risks.
  • OSFI has also established the Climate Risk Hub.

HORIZONS ETFs LAUNCHES CANADA'S FIRST ULTRA SHORT-TERM CANADIAN AND U.S. T-BILL ETFs

Retrieved on: 
Friday, April 14, 2023
Federal Deposit Insurance Corporation, Interim, ETF, Horizon, United States Treasury security, Canada Deposit Insurance Corporation, Unitary state, Guaranteed investment certificate, Government, Government of Canada, TSX, Savings account, Safety, Security (finance)

UBIL.U seeks to provide interest income through exposure to U.S. Treasury Bills with remaining maturities generally less than 3 months.

Key Points: 
  • UBIL.U seeks to provide interest income through exposure to U.S. Treasury Bills with remaining maturities generally less than 3 months.
  • The ETFs will distribute the net income they generate from their T-Bill holdings to unitholders on a monthly basis.
  • In doing so, the ETFs are anticipated to generate interest income that is in line with the yield on their respective short-dated T-Bills.
  • "During volatile markets, factors like credit risk and term-to-maturity can be crucial considerations when building a resilient portfolio," said Jasmit Bhandal, Interim President and CEO of Horizons ETFs.

Counsel Portfolio Services Launches IPC High Interest Savings Fund

Retrieved on: 
Monday, January 30, 2023
Canada Deposit Insurance Corporation, Counsel, CDIC, Fund, Product management, Interest, Global Industry Classification Standard, Bank, Financial adviser, Life insurance

TORONTO, Jan. 30, 2023 /CNW/ - Counsel Portfolio Services Inc. ("Counsel") today announced the launch of the IPC High Interest Savings Fund (the "Fund"), a Canadian-dollar investment solution designed to provide investors with a potentially higher rate of interest than a typical savings account.

Key Points: 
  • TORONTO, Jan. 30, 2023 /CNW/ - Counsel Portfolio Services Inc. ("Counsel") today announced the launch of the IPC High Interest Savings Fund (the "Fund"), a Canadian-dollar investment solution designed to provide investors with a potentially higher rate of interest than a typical savings account.
  • "The IPC High Interest Savings Fund is an important addition to our existing suite of investment solutions," said Blair Setford, Vice President, Product Management at Counsel.
  • "The IPC High Interest Savings Fund allows investors to earn a higher rate of interest in the short term on their cash balances.
  • ^The IPC High Interest Savings Fund is not Canada Deposit Insurance Corporation (CDIC) insured.

Twelve mutual funds and ETFs managed by TD Asset Management Inc. recognized at the Fundata FundGrade A+® Awards

Retrieved on: 
Friday, January 27, 2023
Canada Deposit Insurance Corporation, Toronto-Dominion Bank, GBS, TD, Solactive, GPA, Government, ETF, FTSE Global Equity Index Series, Funding, Equity, CAD, Fundata, Information ratio, Investment, Prospectus, Financial adviser, Holding company, Issuer, Index

The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the "best of the best" among Canadian investment funds.

Key Points: 
  • The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the "best of the best" among Canadian investment funds.
  • TD Mutual Funds and the TD Managed Assets Program portfolios are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank, and are available through authorized dealers.
  • TD ETFs are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto- Dominion Bank.
  • TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is a North American investment management firm.

Clarification: Purpose Investments Clarifies Details Surrounding Fund Merger of Purpose Money Market Fund into Purpose High Interest Savings ETF

Retrieved on: 
Thursday, December 8, 2022
Canada Deposit Insurance Corporation, F, Small business, Investment, Effective date, Prospectus, ETF, Security (finance), Bank, Financial services

The press release headline originally stated, “Purpose Investments Announces Fund Merger of Purpose Money Market Fund and Purpose High Interest Savings ETF and Name Change of Purpose High Interest Savings ETF.” Purpose would like to clarify that it intends to merge Purpose Money Market Fund into Purpose High Interest Savings ETF on or about January 27, 2023 (the “Effective Date”).

Key Points: 
  • The press release headline originally stated, “Purpose Investments Announces Fund Merger of Purpose Money Market Fund and Purpose High Interest Savings ETF and Name Change of Purpose High Interest Savings ETF.” Purpose would like to clarify that it intends to merge Purpose Money Market Fund into Purpose High Interest Savings ETF on or about January 27, 2023 (the “Effective Date”).
  • The current holders of ETF units of the Purpose High Interest Savings ETF will not be affected in any way and will continue to hold ETF units of that fund.
  • Additionally, the firm intends to change the name of Purpose High Interest Savings ETF into Purpose High Interest Savings Fund.
  • Following the merger, Purpose High Interest Savings ETF will continue to provide an opportunity for preservation of capital and liquidity and monthly distributions.

Purpose Investments Inc. Announces Final November 2022 Distribution Rate for Purpose Cash Management Fund

Retrieved on: 
Monday, November 28, 2022
Canada Deposit Insurance Corporation, Investment, Insull Utilities Investment Inc., Disclosure, Prospectus, Financial services, Bank, Financial adviser

Purpose Investments Inc. is an asset management company with over $14 billion in assets under management.

Key Points: 
  • Purpose Investments Inc. is an asset management company with over $14 billion in assets under management.
  • Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products.
  • Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.
  • Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments.

Purpose Investments Wins Again at Fund Awards

Retrieved on: 
Wednesday, November 23, 2022
Canada Deposit Insurance Corporation, Annual, TSX, Disclosure, ETF, Prospectus, Investment, Philosophy, PSA, Team, Morning Star, Financial adviser, Bank

It is an honour to accept four Canadian Hedge Fund awards for Purpose Credit Opportunities Fund for the fifth straight year, two first-place Refinitiv Lipper Fund Awards for Purpose Strategic Yield Fund, and one first-place Refinitiv Lipper Fund Award for the Purpose Canadian Preferred Share Fund.

Key Points: 
  • It is an honour to accept four Canadian Hedge Fund awards for Purpose Credit Opportunities Fund for the fifth straight year, two first-place Refinitiv Lipper Fund Awards for Purpose Strategic Yield Fund, and one first-place Refinitiv Lipper Fund Award for the Purpose Canadian Preferred Share Fund.
  • The Refinitiv Lipper Fund Awards honour funds that excel in providing consistently strong risk-adjusted performance relative to their peers.
  • Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.
  • For further information please contact:
    Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments.