As announced in our January 26, 2017 press release, Justwealth is expanding the number of Exchange Traded Funds (ETFs) used in our client portfolios. The relevant details of the press release are as follows:
Justwealth today announced the introduction of three new Exchange Traded Funds (ETFs) into their lineup: The BMO Ultra Short-Term Bond ETF, the BMO US Put Write ETF and the Purpose Premium Yield Fund ETF. Justwealth is now using an industry-leading 32 different ETFs from seven distinct providers in its client portfolios. Overall, Justwealth offers 61 distinct investment portfolios, more than all online and most traditional investment firms in Canada. These portfolios are uniquely designed to accumulate wealth, preserve wealth or generate tax-efficient income.
According to [James] Gauthier, “Justwealth is always looking for new ways to improve the efficiency of client portfolios in the form of enhanced returns, reduced risk and/or lower costs.”
These changes will only impact our Income-oriented portfolios and will not impact our Growth, Capital Preservation or Education Target Date portfolios. Clients are encouraged to speak with their Justwealth Personal Portfolio Manager if they have any questions or would like further information.
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