CANADA - Barclays Global Investors Canada's (BGIC) iUnits MSCI International Equity Index RSP Fund (iIntR) is to start trading on the Toronto Stock Exchange (TSE) from 11, September.
The addition of this new exchange-traded fund (ETF) will bring BGI's family of iUnits to 11.
The iIntR aims to provide long-term capital growth by matching the performance of the MSCI Provisional EAFE index, while remaining fully RSP-eligible, said BGIC.
The Fund will invest primarily in exchange-traded futures contracts based on the stock market indices in countries included in the Index, and additional short-term instruments,
The MSCI Provisional EAFE Index comprises 21 MSCI country indices representing the developed markets outside of North America - Europe, Australasia and the Far East. Over the past 30 years the Index has had an average annual Canadian dollar return of 13.11%.
Globally, BGI offers 90 ETFs, including 11 in the UK, 11 in Canada, and over 60 in the US. BGI Canada currently manages more than $4bn in ETFs. By Madhu Kalia
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.