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* TD debuts alternative risk-focused pool. TD Asset Management Inc. on Nov. 1 announced the launch of TD Alternative Risk Focused Pool, a new multi-strategy fund of funds solution providing investors with exposure to alternative investments. The fund aims for a moderate level of income with some potential for capital growth, with a lower level of volatility typically associated with fixed-income investments. It has a large allocation to TD Alternative Risk Reduction Pool with added allocations to other underlying investments in fixed income, absolute return strategies, tactical pools, real assets, and cash.
* RBC adds two new target date bond ETFs. RBC Global Asset Management on Oct. 20 expanded its RBC Target Maturity Corporate Bond ETF lineup with two new target maturity bond ETFs. The funds represent a family of fixed-income ETFs maturing in successive years from 2022 to 2029. Each RBC Target Maturity Corporate Bond ETF tracks a unique FTSE Maturity Corporate Bond Index that maintains a portfolio of Canadian investment grade corporate bonds structured to mature in the same calendar year as the RBC Target Maturity Corporate Bond ETF. When the RBC Target Maturity Corporate Bond ETF reaches the maturity date, its final net asset value is returned to the current unitholders.
RBC Target 2028 Corporate Bond ETF (TSX: RQQ) tracks the FTSE Canada 2028 Maturity Corporate Bond Index.
RBC Target 2029 Corporate Bond ETF (TSX: RQR) tracks the FTSE Canada 2029 Maturity Corporate Bond Index.
* Desjardins launches new alternative global equity ETF. Desjardins Global Asset Management Inc. on Oct. 14 debuted its new Desjardins Alt Long/Short Global Equity Markets ETF (TSX: DAMG) in both Canadian dollar hedged units and the U.S. dollar hedged units
The fund aims for positive returns in both positive or negative equity market conditions by investing in long and/or short positions on equity index futures throughout the world and/or equity index ETFs listed in Canada or the U.S., Treasury bills, money market instruments, or other equivalent short term debt securities. Foreign currency exposure is generally hedged back to the currency in which the units are denominated through the use of currency forward contracts.
* Empire Life terminates dividend fund. Empire Life Investments Inc. on Oct. 3 announced it will shut down the Empire Life Dividend Growth Mutual Fund, effective December 5, 2022. Investors may redeem units up to the close of business on December 5, 2022, and Empire Life will waive any redemption fees, sales charges, or short-term trading fees for redemptions of units. The Fund is closed to new purchases.
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