Justin is always on the look-out for tools that will allow for improved construction of our client portfolios. This is particularly true of funds that offer superior after-tax returns – tax efficiency is one of his favourite topics. When he had the chance to suggest a new product, while possibly raising funds for charity, he jumped at the chance.
Earlier this year, First Asset, a supplier of ETFs, mutual funds and closed-end funds, went on a Search for Canada’s Next Top ETF by opening a contest to the advisor community. The objective was to have advisors offer suggestions for new ETF offerings, and the prize was a donation to charity.
Justin was in the middle of implementing a large client portfolio and was running out of tax efficient fixed income strategies. His thinking cap was put to work, resulting in the suggestion to First Asset of a 1-5 year laddered government strip bond fund ETF. As you will see from the attached ad (which appears in the June 2013 issue of Investment Executive), Justin’s suggestion was selected as the winner, and the Centre for Addiction and Mental Health (CAMH) has received $10,000!
First Asset will start offering the new ETF - BXF – this month, once all regulatory approvals have been received.
Congratulations to Justin on his efforts to improve portfolios and benefit CAMH.