Joaquín Barrera

Oct 28, 2024 | fundssociety.com | Joaquín Barrera

The U.S. Department of Justice accused Toronto’s TD Bank of fraudulent actions that enabled criminal money laundering activities and imposed fines of about $3 billion. The bank pleaded guilty to the accusations of failing to implement adequate controls for almost a decade to detect and prevent the laundering of funds from illicit activities. “TD Bank created an environment that allowed financial crime to flourish,” stated Attorney General Merrick Garland, as reported by the local press.

Oct 28, 2024 | fundssociety.com | Joaquín Barrera

First Trust Advisors (“First Trust”) announced the launch of a new ETF, the First Trust New Constructs Core Earnings Leaders ETF (FTCE) (the “fund”), according to a statement obtained by Funds Society. “The fund seeks investment results that generally correspond to the price and performance (before the fund’s fees and expenses) of a stock index called the Bloomberg New Constructs Core Earnings Leaders Index,” the firm’s release states.

Oct 28, 2024 | fundssociety.com | Joaquín Barrera

BECON Investment Management, in partnership with New Capital, announced on Monday the close of the fifth issuance of Fixed Maturity Bond Funds, significantly surpassing initial expectations, according to a statement. “With this latest issuance, which raised 65 million dollars, the total for the five series exceeds USD 400 million, consolidating both firms’ positions as leaders in the fixed-income market for Latin American and US Offshore investors,” the statement adds.

Oct 28, 2024 | fundssociety.com | Joaquín Barrera

The asset manager, owned by Mass Mutual, has initiated a change in its leadership structure for North America with immediate effect. Ilena Coyle will assume her role as Head of North American Insurance and Intermediary, while Graham Seagraves will take on the position of Head of North American Institutional and Consultant Relations.

Oct 28, 2024 | fundssociety.com | Joaquín Barrera

HSBC Asset Management Mexico has launched the HSBCMDL Multi-Asset Balanced Fund in Dollars, “an option designed for investors seeking diversification and a global portfolio referenced in U.S. dollars without actively seeking exposure to Mexican assets,” according to the firm. According to the institution, the fund’s primary goal is to generate long-term returns by investing in dollar-referenced global debt and assets.