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Tangerine Investment Fund Recognized for Fundata Fundgrade A+® Award – Canada NewsWire

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Tangerine has a range of investment options, including Global ETF Portfolios  

TORONTO, Jan. 22, 2021 /CNW/ – Tangerine Investments is pleased to have yet another Fundata FundGrade A+® Award under their belt, with recognition for the performance of the Tangerine Balanced Income Portfolio in 2020.

“We’re committed to helping our Clients invest their money and realize their financial goals in a simple and convenient way,” said Ramy Dimitry, Chief Revenue Officer of Tangerine Bank. “We’ve been helping Canadians invest online for more than a decade and awards like this one showcase how we are ensuring our Clients’ money is working hard for them.”

The FundGrade A+® Awards are annual awards given to Canadian investment funds that have been consistent FundGrade A-Grade performers, with around 6 per cent of investment fund products available in Canada receiving the coveted FundGrade A+® rating.  

Tangerine Investment Funds make investing easy by providing Clients with a simple, low-cost and hassle-free way to reach their long-term financial goals through an indexing strategy. 

Tangerine expands investment options with Global ETF Portfolios
To offer Clients even more options to suit their investment needs, Tangerine recently launched their Global ETF Portfolios. The new Tangerine Global ETF Portfolios bundle a selection of exchange traded funds (ETFs) in a mutual fund, offering a combination of the hands-off benefit of mutual funds with the lower cost of ETFs. Either a first-time investor or a more seasoned investor who wants to broaden their portfolio can experience a simple and convenient way to invest, with features like:

  • Low management fee: Tangerine’s low fee helps to ensure your money is working harder for you1.
  • Autopilot investing: Tangerine’s simplified features include automatic contributions, automatic rebalancing, and dividend reinvesting.
  • Globally diversified: Each portfolio invests in stocks and/or bonds from over 45 countries across the world, offering a whole lot of opportunity for growth.
  • Designed to meet your needs:  Everyone’s investment goals are different, and Tangerine will help you pick the right investment option to meet your needs.
  • Start with as little as $25: You don’t need a fortune to start investing. Get going with as little as $25. Even small amounts add up over time.
  • It takes 10 minutes or less: It should take you only 5 to 10 minutes to get started with our simple setup steps, with an option to choose from an RSP, TFSA, RIF or non-registered Account.

You can learn more information about Tangerine’s Global ETF Portfolios here, and start investing here.

More information on Tangerine Investment Funds is available at tangerine.ca/en/investing.

About the FundGrade A+ ® 
FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata. FundGrade ratings are subject to change every month.

Performance for the winning fund for the period ended December 31, 2020 is as follows:

Tangerine Balanced Income Portfolio: 8.48% (1 year), 5.74% (3 years), 4.97% (5 years), 5.34% (10 years).

Award-winning fund for 2020 is:


Fund Name

CIFSC Category

Fund count

FundGrade Start Date*





Tangerine Balanced
Income Portfolio

Canadian Fixed Income Balanced

365

1/31/2011

* The end date for the FundGrade calculation is December 31, 2020.

About Tangerine Investment Funds
Tangerine Investment Funds are managed by Tangerine Investment Management Inc. and are available only by opening an Investment Fund Account with Tangerine Investment Funds Limited. Both firms are wholly-owned subsidiaries of Tangerine Bank. Tangerine Investment Funds Limited is the principal distributor of the Tangerine Investment Funds.

About Tangerine Bank
Tangerine Bank is a digital bank that delivers simplified everyday banking to Canadians. With over 2 million Clients and close to $40 billion in total assets, it’s one of Canada’s leading digital banks. Tangerine Bank offers banking that’s flexible and accessible, products and services that are innovative, fair fees and award-winning Client service. From Savings Accounts to no-fee daily Chequing, Credit Cards, GICs, RSPs, TFSAs, Mortgages, lending products and Investment Funds through its subsidiary, Tangerine Investment Funds Limited, Tangerine Bank has the everyday banking products Canadians need. With over 1,000 employees in Canada, the bank’s presence spans its website and Mobile Banking app to its 24/7 Contact Centres and Toronto-based head office. Tangerine Bank was launched as ING DIRECT Canada in 1997. In 2012 Tangerine was acquired by Scotiabank, and operates independently as a wholly-owned subsidiary.

For more information, visit tangerine.ca.

1The Portfolio’s expenses are made up of the management fee, operating expenses (including the fixed administration fee), and trading costs. The annual management fee is 0.50% of the Portfolio’s value. The annual fixed administration fee is 0.15% of the Portfolio’s value. Because this Portfolio is new, its remaining operating expenses and trading costs are not yet available.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

SOURCE Tangerine

For further information: For media inquiries: Rebecca Webster, Corporate Communications, Tangerine Bank, [email protected]

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www.tangerine.ca/

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Al Gore’s Investment Firm Bought Alibaba and Airbnb Stock. Here’s What It Sold. – Barron's

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Generation Investment, which former vice president Al Gore co-founded, bought Alibaba, Airbnb, and Equifax stock, and sold most of its stake in Aptiv in the fourth quarter.


Qilai Shen/Bloomberg

Generation Investment Management, the investment firm co-founded and chaired by former vice president Al Gore, recently made some significant changes in its U.S.-traded stock investments.

Generation initiated investments in

Alibaba Group Holding

(ticker: BABA) and

Airbnb

(ABNB) stock, bought more shares of credit-reporting firm

Equifax

(EFX), and sold most of its holdings in auto-parts supplier

Aptiv

(APTV). The firm disclosed the stock trades in a form it filed with the Securities and Exchange Commission.

Generation, which had assets under management of $30.7 billion at the end of 2020, declined to comment on the investment changes.

The firm bought 1.5 million Alibaba American depositary receipts in the fourth quarter. It hadn’t owned any ADRs of the Chinese online giant at the end of the third quarter.

Alibaba ADRs rose 9.7% in 2020, and they are up 2.2% so far this year through Friday’s close. In comparison, the

S&P 500 index,

a broad measure of the market, rose 16.3% last year, and is up 1.5% so far in 2021.

Editor’s Choice

Alibaba got a boost earlier this month from strong fiscal-third-quarter earnings. Also in February, Ant Group, of which Alibaba owns a third, reached a deal with Chinese regulators that could clear a path to an initial public offering. Ant’s IPO had been suspended in November after Chinese President Xi Jinping reportedly personally scuttled it. Jack Ma, Alibaba’s co-founder and the controlling shareholder of Ant Group, had disappeared from public view for several months before reappearing in January.

Airbnb stock’s IPO was in December, and priced shares at $68 each. Generation bought 200,000 shares of the online platform for property rentals.

Airbnb stock more than doubled from its IPO price by the end of 2020, and so far in 2021, it is up 40.6%.

Aribnb stock surged after reporting its first quarter as a public company. Earlier this month one analyst downgraded Airbnb stock, and wrote that he “couldn’t justify” the lofty valuation of the shares. Airbnb’s successful IPO could nudge rivals to look at ways to unlock value.

Equifax stock soared 37.6% last year, but has slid 16.1% year to date.

Equifax’s fourth-quarter report earlier this month topped expectations, and Credit Suisse analyst Kevin McVeigh wrote in a research report that the company’s reintroduction of a share-buyback plan supports a bull thesis on the shares. McVeigh rates Equifax stock at Outperform with a $215 target price. Needham analyst Mayank Tandon, who also has a $215 target price, and a Buy rating on Equifax stock, wrote that HR services unit Equifax Workforce Solutions as “a strong tailwind for growth.”

Generation bought 3.6 million more Equifax shares in the fourth quarter to lift its holdings to 5.7 million shares.

The firm slashed its investment in Aptiv by more than three-fourths, selling 5.2 million shares in the quarter to end 2020 with 1.5 million shares.

Aptiv stock soared 37.2% in 2020, and year to date it is up 15.0%.

Aptiv supplies solutions for self-driving cars, a business that at least one analyst thinks investors are too bullish on. Aptiv recently formed a joint venture with Hyundai for autonomous vehicles.

Inside Scoop is a regular Barron’s feature covering stock transactions by corporate executives and board members—so-called insiders—as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.

Write to Ed Lin at edward.lin@barrons.com and follow @BarronsEdLin.

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Teaming Up To Accelerate Justicetech Startups And Investment – Forbes

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Justicetech is at a pretty nascent stage. While there are some startups and investors in the area, much of the activity has happened in bits and pieces, without a comprehensive community or network, or even an agreed-upon understanding of what justicetech is. (One definition: technology startups focused on addressing problems faced by people who have been arrested, are incarcerated or are formerly incarcerated).

For that reason, impact accelerator Village Capital and impact investor American Family Insurance Institute for Corporate and Social Impact recently started teaming up to research and assess justicetech startups and investors and find ways to address their most pressing needs.

What they’ve found is that the most urgent need these startups face is raising capital.

“Our ultimate goal is to determine how we can mobilize capital toward justicetech solutions and startups,” says Marcia Chong Rosado, director, economic opportunity at Village Capital.

Assessing the Landscape

Their work started over the summer, when the two organizations got to talking about justicetech and what it means. Village Capital was looking closely at the sector, while, at the same time,  AmFam Institute had started to make VC investments in the area, but was having trouble identifying  the companies that best fit. “We were both struggling in our own worlds with the same issues,” says Nyra Jordan, AmFarm Institute’s social impact investment director. So they decided to work together.

The first phase included conducting a research and market assessment of the justicetech landscape. A report with those findings is slated to be released in March. Researchers identified six verticals within the sector, as well as different stages of the justice system, like incarceration and re-entry,  that startups focus on. The verticals include:

  • Financial health. Helping justice-involved people and their families achieve financial security and the ability to thrive.
  • Future of work. Expanding access to education and employment.
  • Government. Focusing on government systems—for example, making court systems more accessible and efficient.
  • Healthcare. Supporting the physical and mental health of justice-involved people.
  • Legal. Expanding access to civil and legal resources, as well as legal representation.
  • Communications. Helping people in the system stay connected with family and friends and also link up with other service providers.

Money, Not Mentors

Conversations with advisory board members revealed that by far the biggest challenge startups face is finding funding. That is, entrepreneurs don’t need mentors. They need money. And, because many are BIPOC, groups that typically have trouble finding investors, the problem is particularly acute.

That finding seemed to cry out for the need to convene existing investors, as well as new ones looking to learn more about the area, and build a justicetech investor network, thereby addressing the highly fragmented nature of the current ecosystem. To that end, in April, the team will seek out 10-12 mostly pre-seed and seed-stage investors to join the network.

Part of the work after that will involve creating a justicelens investing framework, starting by investigating such issues as appropriate business models and exit strategies, as well as how it all fits into the broader set of tools in impact measurement and management systems.

Vote of Confidence

The findings they’ve so far uncovered have, in fact, already changed how Jordan is approaching working with early-stage companies. Shortly after AmFam Institute was formed in 2018, the folks there began sponsoring local accelerator programs and boot camps aimed at what they called justicetech or criminal justice reform, though without a more-formulated definition. But the recent research caused them to rethink how to provide financial support. “People are saying we don’t need any more mentorship. We need capital,” says Jordan.

That’s meant, for example, re-assessing when to give grants vs. equity investments. Thus, while awarding, say, a $10,000 grant might be helpful in certain situations, in others an equity investment might be more useful. “If you invest with equity, you’re supporting that startup for the long-term and banking on that business,” she says. Such a message also might be likely to attract more money from other investors who would be influenced by that vote of confidence.

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Which Is a Better Investment Account: TFSA versus RRSP? – Yahoo Finance UK

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IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT

Are you considering investing and searching for the top stocks to buy? Before doing so, you should know that whatever money you earn from investing entails a tax. You get a T5 slip which gives you a summary of your investment income. The Canada Revenue Agency (CRA) encourages Canadians to save money by offering many registered savings accounts with tax benefits. Two popular accounts are Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs).

TFSA versus RRSP

The purpose of TFSA and RRSP is different, and the CRA designed them accordingly. If you use them optimally, you can make the most of them.

The TFSA, as the name suggests, encourages a savings culture. Hence, it levies a tax on your contribution but allows your investment to grow tax-free. Moreover, you can withdraw partial or complete amounts anytime without adding them to your taxable income.

As there is a tax benefit involved, there is a cap on how much you can invest. For 2021, the contribution limit is $6,000, which you can carry forward next year. If you were over 18 years of age in 2009, when the TFSA started, you can invest a lump sum of $75,500, the accumulated contribution of all these years.

The RRSP is the exact opposite of the TFSA. The RRSP promotes retirement savings, which require you to stay invested till you retire. For that, the CRA deducts the RRSP contribution from your taxable income but adds the withdrawals to your taxable income. And if you withdraw before age 71, it deducts an additional withholding tax of 10%-30%.

Similar to the TFSA, the RRSP also has a contribution limit, which is 18% of your income or a maximum amount the CRA decides. For 2020, the maximum amount is $27,230, which you can carry forward next year.

In both the accounts, over contribution brings a 1% tax. The TFSA and RRSP combined allow you to invest $33,000/year in a tax-efficient manner. You can also check out other registered accounts for more tax-efficient investing.

Maximize returns and tax savings using the TFSA and RRSP

Now that you understand the mechanics of the TFSA and the RRSP, you can maximize your returns and minimize your tax bill. You should look at three aspects when choosing the savings account:

  • Will the security you are investing in yield high returns?

  • What is your tax bill for the year?

  • How much can you save for the long term?

The TFSA investing strategy

Use the TFSA to invest in high-growth and high-dividend stocks, which can grow your money multiple folds in few years. This is because your investment income will be higher than your contribution, and the TFSA will exclude the investment earnings from your taxable income. TFSA is popular among households with after‑tax income under $80,000, according to the 2016 Census.

The iShares S&P/TSX Capped Information Technology Index ETF (TSX:XIT) is a good choice for the TFSA. The ETF has surged 267% in the last five years, converting $10,000 into $36,700. It gives you exposure to the top tech stocks trading on the Toronto Stock Exchange. This 267% growth is when the sector was at a nascent stage. It has now entered the growth stage, and the cloud, 5G, and artificial intelligence revolution will drive the wave. The ETF has holdings in some top stocks like Shopify and BlackBerry, which even tops the Motley Fool Canada recommendations.

The RRSP investing strategy

While high growth stocks are good, they come with high risk, so balance your portfolio with some resilient stocks with stable returns using RRSP. Choose this account when the tax-saving trade-off is worth it.

If your taxable income is $105,000, around $8,000 of your income falls under the 26% tax bracket. But if you put this $8,000 in RRSP, you will save over $2,062 in the federal tax bill. Now that is a good trade-off. You can invest this amount in Canadian Utilities and earn $440 in annual dividend, bringing your total savings for the year to $2,500.

Optimize the benefits of the TFSA and the RRSP and plan your investments in a tax-efficient manner.

The post Which Is a Better Investment Account: TFSA versus RRSP? appeared first on The Motley Fool Canada.

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Fool contributor Puja Tayal has no position in any of the stocks mentioned. Tom Gardner owns shares of Shopify. The Motley Fool owns shares of and recommends Shopify and Shopify. The Motley Fool recommends BlackBerry and BlackBerry.

The Motley Fool’s purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool Canada’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. Motley Fool Canada 2021

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