Tangerine Investment Management Inc. is expanding its fund lineup with the launch of three funds that provide investors with global exposure through packages of ETFs wrapped in a mutual fund.
The company launched a trio of global ETF portfolios offering three basic strategies — equity growth, balanced growth and balanced — that will invest in a variety of index ETFs.
The offering joins Tangerine’s existing portfolio funds that launched in 2008.
The new family of no-load funds charges an annual management fee of 50 basis points and a fixed administration fee of 15 bps, and pays a 40 bps trailer.
The funds’ portfolio manager is 1832 Asset Management LP — which, like Tangerine, is owned by the Bank of Nova Scotia.