Industry News

BMO proposes changes to two ETFs

BMO Investments is planning to change the strategies of both its Canadian Equity ETF and its U.S. Equity fund. Currently, the funds invest up to 100% of their assets in securities of an underlying exchange-traded fund. Namely, the BMO Dow Jones Canada Titans 60 Index ETF and BMO U.S. Equity Hedged to CAD Index ETF. […]

By Staff |August 16, 2012

1 min read

BMO Investments replaces manager of Global Dividend Class

BMO Investments has appointed Guardian Capital as the new portfolio manager of its BMO Global Dividend Class, a class of shares of BMO Global Tax Advantage Funds. On September 21, Guardian will replace Kleinwort Benson Investors Dublin, and will assume all portfolio management duties in relation to the fund. Guardian takes a market-oriented, bottom-up, sector-neutral […]

By Staff |August 16, 2012

1 min read

Facebook shares freefall after lock-up lifted

Facebook has struggled since its IPO in May, and its uphill battle is far from over. The company’s shares plunged to all-time lows following the expiration of its stock lock-up period. It seems early investors and insiders are taking the opportunity to exit, with the stock falling 7% to $19.71 in early trading. If it […]

By Wire services |August 16, 2012

1 min read

Manulife Asset Management expands into Korea

Manulife Asset Management has obtained a cross border investment advisory license in Korea. Michael Dommermuth, president of Manulife Asset Management Asia, says: “Korea is the second largest institutional asset management market in Asia, growing at 14% and forecast to reach KRW320 trillion by 2015. We’re are seeing considerable interest from institutional investors to step up […]

By Staff |August 16, 2012

1 min read