Canoe launches 2 mutual fund offerings

Canoe Financial has introduced a global income fund, along with a global value class.

The Canoe Global Income Fundis designed to generate a high level of current income, with an emphasis on capital preservation and some capital appreciation. The fund is managed by Aegon Capital Management and sub-advised by Aegon USA Investment Management (both firms are independent investment units of Aegon AM).

Canoe says the global income fund utilizes the expertise of 60 Aegon managers. It has a tactical asset allocation overlay, which allows the portfolio to adapt to any prevailing market environment.

“The global fixed-income market, with its numerous sub-sectors, broadens the opportunity set for managers with deep research capabilities to beat benchmarks and moderate risks,” says Nevin Markwart, Canoe Financial’s president and CEO.

The Canoe Global Value Classwill provide investors with long-term capital growth by investing in a broad range of small, medium and large capitalization equity securities. The Fund is sub-advised by Tim McElvaine, president of McElvaine Investment Management. He has more 20 years experience in the industry.

Read: Mutual fund evolution opens opportunities

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