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Market month: Fund news and updates

Published on 07-07-2023

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Fund launches, shutdowns and mergers from NEI, BMO, 1832, RBC and NBI


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Fund news

NEI launches four new funds

NEI Investments on June 29 announced four new impact-focused funds and portfolios.

NEI Canadian Impact Bond Fund is a Canadian fixed-income fund, managed by Addenda Capital, a specialist in the field of impact investing. NEI also announced the launch of  three NEI Impact Portfolios, a suite of fund-of-fund solutions that includes new asset allocation portfolios optimized for risk, return, and impact: NEI Impact Conservative Portfolio; NEI Impact Balanced Portfolio; and NEI Impact Growth Portfolio. These portfolios will be managed by NEI Investments and invest primarily in a mix of NEI impact funds and third-party ESG ETFs to provide diversified all-in-one impact solutions focused on providing intentional and measurable, positive environmental and social outcomes.

BMO launches five more ETFs

BMO Investments Inc on June 29 debuted five new ETFs:

Scotia Aria fund mergers

1832 Asset Management on June 28 proposed the mergers of certain ScotiaFunds. In a release, the company said the move was made “to simplify its product shelf and more closely align with client preferences.”

BMO launches new equity ETFs

BMO Investments Inc. on June 23 today announced the launch of an new exchange traded fund series:

National Bank launches two new mutual funds

National Bank Investments Inc. on June 19 debuted two new funds:

RBC shuts down seven ETFs

RBC Global Asset Management Inc. on June 5 announced the termination of seven RBC ETFs effective on or about Friday, September 15, 2023:

Effective August 17, 2023, no further direct subscriptions will be accepted and the units will be voluntarily delisted from the Toronto Stock Exchange or Neo Exchange and cease trading, following market close on or about Tuesday, September 12, 2023.

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