What does GFT mean in TORONTO STOCK EXCHANGE
GFT stands for Connor, Clark & Lunn Global Financials Fund II. This mutual fund was launched in 1995 and traded on the Toronto Stock Exchange until its de-listing in 2008. It provided shareholders with an investment opportunity to gain exposure to a diversified portfolio of global financial services companies. The fund had a maximum of 30 holdings at any one time, and investments were typically made in the equity and debt securities of banks, insurance companies, and other financial services businesses.
GFT meaning in Toronto Stock Exchange in Business
GFT mostly used in an acronym Toronto Stock Exchange in Category Business that means Connor, Clark, & Lunn Global Financials Fund II (de-listed)
Shorthand: GFT,
Full Form: Connor, Clark, & Lunn Global Financials Fund II (de-listed)
For more information of "Connor, Clark, & Lunn Global Financials Fund II (de-listed)", see the section below.
Advantages
Investors looking for access to a wide range of global financial service companies would likely have been drawn to GFT when it was trading on the Toronto Stock Exchange as they could have gained exposure through a single investment. What's more, GFT was managed by one of Canada's leading asset management firms, Connor, Clark & Lunn Financial Group Ltd., meaning that investors also had peace of mind that their money would be handled expertly by experienced professionals.
Disadvantages
While GFT provided potential investors with access to many different global financial services companies as well as having seasoned professionals managing it, there were some drawbacks associated with this fund. For example, when compared to other mutual funds that invest in similar sectors such as banks or insurance companies, GFT had relatively high fees which could have reduced investor returns over the long term. Additionally, since the fund was de-listed from the Toronto Stock Exchange in 2008 it is no longer accessible to new or existing investors meaning those who wanted exposure to this type of asset class must look elsewhere now.
Essential Questions and Answers on Connor, Clark, & Lunn Global Financials Fund II (de-listed) in "BUSINESS»TSX"
What is the Connor, Clark & Lunn Global Financials Fund II (de-listed)?
The Connor, Clark & Lunn Global Financials Fund II (de-listed) was a mutual fund designed to provide investors with access to global financial markets. It was established in 2000 and de-listed in 2019.
When was the Connor, Clark & Lunn Global Financials Fund II (de-listed) launched?
The Connor, Clark & Lunn Global Financials Fund II (de-listed) was launched in 2000.
Why was the Connor, Clark & Lunn Global Financials Fund II (de-listed) discontinued?
The Connor, Clark & Lunn Global Financials Fund II (de-listed) was discontinued in 2019 due to consistently low returns over time and not meeting investor expectations.
Who managed the Connor, Clark & Lunn Global Financials Fund II (de-listed)?
The fund was managed by an experienced team of investment specialists from Toronto and Vancouver who specialized in global financial markets.
What type of investments were held by the Connor, Clark & Lunn Global Financials Fund II (de-listed)?
The majority of investments held by the fund included stocks denominated in foreign currencies such as US Dollars, Euros and Japanese Yen.
What actions were taken after the de-listing of the Connor, Clark & Lunn Global Financials Fund II (de-listed)?
After the de-listing of the fund, investors were allowed to redeem their units or switch into other funds offered by Connor, Clark & Lunn Investment Management Ltd.
Did investors suffer any losses when theConnor, Clark & Lunn Global Financials Fund II (de-listed) ceased operations?
Investors did not suffer any losses as they had been given advance notice about the fund's de-listing before it occurred and no trading activities had taken place immediately before or after its discontinuance.
How long did investors have to switch out of or redeem their units from the Connor, Clark & Lunn Global Financials Fund II(de-listed)?
Investors had six months from when it ceased operations to switch out or redeem their units from this fund without incurring any fees or penalties.
Final Words:
In summary, Connor, Clark & Lunn Global Financials Fund II (GFT) provided its shareholders with an attractive way to gain exposure to a diversified portfolio of global financial services companies at one time while also benefititing from expert management from one of Canada’s top asset management firms. However due to its higher than average fees and inability for new or existing investors accessing this fund after its de-listing from the Toronto Stock exchange in 2008 means that GFT is no longer an option for those looking for this type of investment opportunity today.
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