Institutional fund manager LetkoBrosseau launches retail mutual funds to broaden reach
LetkoBrosseau is launching eight mutual funds to enter the retail investment market after focusing on institutional clients for decades. The new funds will utilize the same investment strategies as their institutional counterparts and aim to attract retail investors through tailored offerings. Despite facing competition from low-cost ETFs, the company believes its approach will resonate with advisers and investors alike.
- ▪LetkoBrosseau is launching eight mutual funds aimed at retail investors.
- ▪The funds will be managed similarly to the company's institutional strategies, which account for $22.5 billion in assets.
- ▪The mutual fund market in Canada is valued at $2.7 trillion, presenting a lucrative opportunity for LetkoBrosseau.
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Open this photo in gallery:Fog hangs over the skyline of Montreal.Graham Hughes/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountMontreal-based investment manager Letko, Brosseau & Associates Inc. is launching eight mutual funds as it makes its first foray into serving retail investors after decades spent focused on institutional money managers.The new funds will be managed with “substantially” the same investment approach and team as LetkoBrosseau’s institutional strategies, the company said in a statement. The eight funds will be offered through investment advisers and represent most of LetkoBrosseau’s largest investment strategies, accounting for most of its $22.5-billion in assets under management.
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