Canada is starting to grow their charitable-giving fund market, with a long way to catch up to the multi-billion dollar market in the U.S.

Mackenzie Investments was the first fund company in Canada to launch such a fund this month, the Mackenzie Charitable Giving Fund was the first launched by a mutual-fund company in Canada this month, according to Dow Jones.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.