The CUMIS Group today announced a partnership with Barclay Global Investments to provide index funds to credit unions and commercial clients of CUMIS Retirement Services.

The CUMIS Group is the first organization within the Canadian credit union system to offer index funds. Through BGI, CRS will offer a variety of index funds: the TSE 300 Equity Index Fund; U.S. Equity Index Fund; EAFE Equity Index Fund; Income-Oriented Balanced Fund; Growth-Oriented Balanced Fund; Aggressive Balanced Fund; and the Universe Bond Index Fund.

“This is a significant strategic step for CRS in that this partnership with BGI enables us to offer our credit unions and their commercial clients a strong combination of both active and index funds through fund managers who are acclaimed for their results,” says Sherry Kinsman, director, CRS.

“With Philips, Hager and North managing our active funds, and BGI our new index funds, we now offer two important financial investment alternatives to our clients. It is quite unique for a company our size to be able to offer this selection of choice to clients.”