Fund Library News Wire
| Friday, September 14, 2018
By Mike Keerma
The big U.S. stock indices advanced on the week, despite some volatility on
Friday on news that President Donald Trump intends to follow through on an
additional US$200 billion in tariffs on Chinese goods. While trade tensions
caused some intraday volatility on Friday, investor sentiment remained
buoyed by underlying U.S. economic strength reflected in strong corporate
profits, the rising price of crude oil, which boosted energy issues, and an
increase in Treasury yields, which boosted financials and firmed up the
U.S. dollar. The
S&P 500 Composite Index
gained 1.2% on the week, while the
Nasdaq Composite Index
advanced 1.4% as most of mega-cap tech giants made gains on the week.
S&P/TSX Composite Index
edged back on the week, however, with a marginal 0.5% loss.
gained 1.6%, but
continued its slide, down 0.2% week over week.
* TD debuts new global offering.
TD Asset Management Inc.
launched its TD Global Equity Focused Fund, which looks
for investment opportunities from global equity markets. The manager will
look for global companies that have excellent business models,
underestimated cash flow generation, and solid growth potential. It will
use options and defensive currency hedging strategies when appropriate.
* Fidelity launches new factor mutual funds and ETFs.
Fidelity Investments Canada
announced a suite of factor-based ETFs and mutual funds:
* Fidelity Canadian High Dividend Index ETF (FCCD)
* Fidelity U.S. Dividend for Rising Rates Index ETF (FCRR)
Fidelity U.S. Dividend for Rising Rates Currency Neutral Index ETF
* Fidelity U.S. High Dividend Index ETF (FCUD)
Fidelity U.S. High Dividend Currency Neutral Index ETF (FCUH)
* Fidelity International High Dividend Index ETF (FCID)
The ETFs are expected to commence trading on the Toronto Stock Exchange on
Tuesday, Sept. 18. The new ETFs and mutual funds (Series F) will be
competitively priced with management fees ranging from 0.35% to 0.45%.
Fidelity is also launching the Fidelity Tactical Global Dividend ETF Fund, a
single-ticket global dividend solution designed to generate income in
various market environments.
Check Fund Library’s
Market Activity page
regularly for active updates on key market indexes and commodities.
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