Loring Ward plans new small cap fund

(January 18 – 15:30 ET) — Winnipeg-based money manager Loring Ward Ltd. has filed a preliminary prospectus with securities regulators for the formation of a new Optima Strategy Canadian Small Cap Equity fund.

The fund will come with management expenses of 2.5% and be available as part of the Optima Asset Management Service, which allows investors to select asset-allocation models based on the Optima funds.