(August 18 – 10:00 ET) – Elliott & Page is announcing a number of enhancements designed to broaden the appeal of its investment products. Elliott & Page is expanding the accessibility of these top quartile performance to investment dealers and financial advisors across the country by including a new ‘Advisor Class’ of three existing funds under the Elliott & Page Mutual Fund family banner

The three funds include: the E&P Cabot Canadian Equity Fund, E&P Cabot Blue Chip Fund and the E&P Global MultiStyle Fund. Each of the Class A units of these funds ranks within the top performance quartile for the 1, 3 and 5 year periods ending July 31, 2000, says a company press release. “The E&P Cabot Canadian Equity Fund – Class A ranks as the #1 mutual fund in its class for the 5-year period.”

Elliott & Page is launching three new funds, too: E&P Global Momentum Fund; the E&P Growth & Income Fund and the E&P RSP Global Equity Fund. “Through the Elliott & Page Global Momentum Fund, investors will be able to profit from the relative attractiveness of key global sectors through the expertise of Elliott & Page’s proven quantitative approach applied in a global context,” says the fund company. “The Elliott & Page Growth & Income Fund will offer investors a total portfolio approach to asset allocation and security selection within their portfolio. And the Elliott & Page RSP Global Equity Fund will bring ABN AMRO’s hallmark global industry approach to Canadian investors.

In addition to the “Advisor Class” units sold through independent financial advisors, Elliott & Page is launching Class F units for many of its mutual funds under management. These units are more fully described in The Elliott & Page Group of Mutual Funds simplified prospectus and annual information form, each dated August 16, 2000.

The Class F Units are designed for investors who pay fees for advice to participate in dealer programs that do not require the payment of sales charges or the payment of trail commissions to dealers by Elliott & Page. For these investors, Elliott & Page is able to eliminate the distribution costs included in the “Advisor Class” management fee and provide a lower management fee rate for the Class F Units. Normal fund operating expenses will also be charged to the Class F Units which will be available only in advice-based programs, such as wrap accounts or through fee-for-service advisors.
-IE Staff