FTI gets $1.2 billion Canadian equity mandate

Bissett Investment Management, part of Franklin Templeton Investments Corp., will manage $1.2 billion in a Canadian equity mandate for MD Physician Services Inc. (MD).

Bissett’s chief investment officer and portfolio manager Garey Aitken, and director of equity research and portfolio manager Tim Caulfield will co-manage.

Read: Franklin Templeton signals entry into active ETF space

“We expect [Bissett’s] Canadian equity mandate to protect capital in poor market environments without losing the ability to participate in strong rallies,” says William R. Horton, chief investment officer, MD Physician Services Inc.

Read: Franklin introduces new dividend-focused funds

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.