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National Bank Investments on July 31 announced the merger of NBI Global Real Assets Income ETF (TSX: NREA) into NBI Global Real Assets Income Fund, which has an identical mandate. The merger will take effect on or about October 24, 2025. In a release, NBI said that the merger is part of the manager’s ongoing initiative to simplify and optimize its fund lineup. NBI Global Real Assets Income Fund will be offered in both mutual fund and ETF series units.
Scotia Global Asset Management on July 30 announced its intention to terminate 1832 AM Canadian Dividend LP and 1832 AM Quantitative Canadian All Cap Equity Pool, on or about July 30, 2025.
Today, Fidelity Investments Canada on July 29 launched Fidelity Equity Premium Yield ETF Fund. This new mutual fund invests directly in Fidelity Equity Premium Yield ETF, which employs an options-based equity strategy for investors who are seeking cash flow and to potentially achieve long-term growth while mitigating portfolio volatility.
Fidelity Equity Premium Yield ETF Fund offers exposure to an equity and options-based investment strategy. It aims to provide cash flows and long-term capital growth and invests in Fidelity Equity Premium Yield ETF, which implements a fundamental, quantitative, and derivatives strategy aiming for enhanced cash flow, long-term capital appreciation, and reduced portfolio volatility.
J.P. Morgan Asset Management Canada on July 28 announced the launch of the JPMorgan Global Select Equity Active ETF (TSX: JGLO). JGLO has closed its initial offering of units and is now trading on the Toronto Stock Exchange (TSX).
“JGLO provides Canadians access to our best ideas for global equity exposure. This is one of our most successful institutional strategies, now available in an ETF wrapper,” said Travis Hughes, Head of Canada at J.P. Morgan Asset Management.
The ETF focuses on bottom-up stock selection, and aims to outperform the MSCI World Index, with the objective of delivering superior growth and free cash flow yield with similar to lower valuation versus the benchmark, while effectively managing risks across sectors and regions.
The Securities and Investment Management Association (SIMA) on July 22 announced investment fund net sales and net assets for June 2025.
Mutual fund assets totalled $2.343 trillion at the end of June, up by $48.7 billion, or 2.1%, since May. Mutual fund net sales were $1.4 billion in June.
ETF assets totalled $592.2 billion at the end of June, up by $18.3 billion, or 3.2%, since May. ETF net sales were $7.2 billion in June.
June insights
Visit the SIMA website to view the full report.
Desjardins Investments Inc. on July 22 announced its intention to terminate the following funds:
The Manager also intends to terminate the W-Class Units offered by the Desjardins Global Managed Bond Fund.
The funds are expected to terminate on or about November 14, 2025. Unitholders will have the right to redeem or switch their units of the funds up to the close of business on the termination date. Unitholders affected by this decision will be advised at least 60 days prior to the Termination Date.
IA Clarington Investments on July 21 announced the launch of an Active ETF Series option (TSX: GTRI) for its IA Clarington Agile Global Total Return Income Fund. The fund seeks to provide income and the potential for long-term capital appreciation by investing primarily, either directly or indirectly, in fixed-income securities of governments, government-related issuers, corporations, and other issuers located anywhere in the world. It also announced and U.S. dollar purchase options for Series F of the IA Clarington Agile Global Total Return Income Fund and IA Clarington Agile Core Plus Bond Fund.
TD Asset Management Inc. on July 18 announced a series of fund mergers and terminations
Fund mergers
The following mergers will take place effective on or about Oct. 24, 2025:
In a release, TD said, “the decision to merge the TD FundSmart Managed Portfolios will further optimize portfolio management efficiency within TDAM's managed portfolio programs.”
Fund terminations
The following funds will be terminated effective on or about October 24, 2025:
Desjardins Investments Inc. on July 14 launched three new Target Date Investment Grade Bond Funds:
The funds aim for regular income while preserving capital, by investing primarily in investment grade fixed-income securities issued by Canadian corporations on the Canadian market that will mature in 2028, 2029 or 2030, when each fund will be closed.
Scotia Global Asset Management on June 27 announced plans to terminate 1832 AM Global Low Volatility Equity LP and 1832 AM U.S. Dividend Growers LP, on or about June 27, 2025.
Lysander Funds Limited on June 27 debuted five new Canadian equity mutual funds in partnership with Canso Investment Counsel Ltd., Triasima Portfolio Management Inc., and Pembroke Management Ltd.
More details can be found at the Lysander Funds website.
The Canadian Investment Regulatory Organization (CIRO) on June 26 issued a release warning Canadian investors about an ongoing investment recovery scam by an individual impersonating an employee of the Investment Industry Regulatory Organization of Canada (IIROC), a predecessor of CIRO.
The fraudster, using the name Angela Maher and the email address angela.maher@iiroc[.]consulting, is posing as an IIROC employee in the Recovery & Compliance Division. This individual is not employed by IIROC/CIRO. No CIRO employee will ever ask for payment from investors. This is an immediate red flag.
In an investment recovery scam, fraudsters approach individuals who have already fallen victim to a financial scam. They tell victims that they can recover the lost funds for a fee. In some cases, they will ask for remote access to the target's computer or device. In the end, no funds are returned, more funds are potentially stolen, and the victim is defrauded again.
All individuals registered to offer financial advice in Canada are listed on the National Registration Search of the Canadian Securities Administrators (CSA). You can also check with CIRO's Complaints & Inquiries team to verify the legitimacy of anyone claiming to represent CIRO.
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The foregoing is for general information purposes only and is the opinion of the writer. No guarantee of investment performance is made or implied. It is not intended to provide specific personalized advice including, without limitation, investment, financial, legal, accounting or tax advice.
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