Oakville, Ont.-based Pro-Financial Asset Management Inc. said Tuesday it is considering several offers from Canadian based asset managers in an effort to grow its family of Pro-Index Funds.

With the help of a financial advisor, Pro-Financial says it is evaluating proposals which will result in greater organizational bench strength, improved back office services for the dealer and advisor community as well as reduced fees for investors in its enhanced index funds.

“Over the past six years we have seen tremendous growth and demand for enhanced index products as advisors are increasingly seeing the benefits of combining active and passive management ” says Stuart McKinnon, Pro-Financial CEO.

“To carry out our vision we plan on aligning our mutual fund business with an established company that brings support and economies to the Pro-Index fund family.”

Pro-Financial funds bring a fundamental indexation methodology to Canadian investors. Its line-up of passive index funds brings the benefits of fundamental indexing to investors through the entire Canadian distribution channel.

Pro-Financial says the proposals received envision the expansion of the Pro-Index family and bringing synergies to the cost structure while continuing to deliver superior fund performance.