New big-name mutuals hit the market. Ho-hum?

New big-name mutuals hit the market. Ho-hum?

New big-name mutuals hit the market. Ho-hum?

One of the fastest growing mutual fund companies in Canada is announcing a tag-team effort with JPMorgan, aimed at bringing new mutual funds to a market already spoiled for choice.

“These new funds reinforce Canoe’s reputation for serving Canadian investors by bringing together outstanding portfolio managers and top-tier financial advisors,” said W. Brett Wilson, chairman of Canoe Mutual Funds. “We can offer the global investment expertise of JPMorgan in Canada and these are the only funds of their type in the country to be sub-advised by JPMorgan. It’s a winning partnership.”

The new funds are Canoe U.S. Equity Income Class and Canoe Global Equity Income Class.

JPMorgan Asset Management (Canada) Inc. is sub-advisor to both funds and is advised by J.P. Morgan Investment Management Inc. of New York.

Michael Henderson, executive director and head of sub-advisory relationships for JPMorgan Asset Management (Canada) Inc. is also bullish on the growth opportunities attached to the new offerings.

“Canoe Financial is a logical choice for us as we expand our presence in Canada," he said. "We share similar values and Canoe’s growth is evidence of its commitment to service and unparalleled sales team, which we see as vital in a competitive marketplace.”