Home Breadcrumb caret Industry News Breadcrumb caret Industry Counsel Portfolios adds global equity funds The fund manager is adding to its suite of asset-allocation funds By Staff | October 15, 2020 | Last updated on October 15, 2020 1 min read © blackdovfx / Thinkstock Counsel Portfolio Services Inc. is launching a new suite of asset-allocation portfolios. The new funds, called IPC Focus Portfolios, provide investors with exposure to global large-cap equities. The following portfolios will be available for purchase on Oct. 19: IPC Focus Conservative Portfolio IPC Focus Balanced Portfolio IPC Focus Growth Portfolio The portfolios are sub-advised by Picton Mahoney Asset Management, Marsico Capital Manager and Mawer Investment Managers. Mackenzie Investment Management will also manage a bond component in the portfolios. Management fees for the portfolios are 1.8% for A-class units and 0.8% for F-class units. Counsel, a subsidiary of Investment Planning Counsel Inc., also announced changes to its IPC Essential Portfolios. The relevant funds are as follows: IPC Essentials Income Portfolio IPC Essentials Balanced Portfolio IPC Essentials ESG Balanced Portfolio IPC Essentials Growth Portfolio The changes include a fee reduction for the portfolios to 1.45% from 1.55% for A-class funds and to 0.45% from 0.55% for F-class funds. Counsel has also moved the product’s strategy to a purely index-linked ETF portfolio from a more actively-managed strategy, including the removal of a currency management strategy. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo