Canada-based Canoe Financial has joined forces with JPMorgan Asset Management (Canada) to launch two new mutual funds for its investors.

According to Canoe Financial, the new funds will include US Equity Income Class and Global Equity Income Class.

Brett Wilson, chairman of Canoe Mutual Funds, said: "These new funds reinforce Canoe’s reputation for serving Canadian investors by bringing together outstanding portfolio managers and top-tier financial advisors.

"We can offer the global investment expertise of JPMorgan in Canada and these are the only funds of their type in the country to be sub-advised by JPMorgan," Wilson added.