Cartier Mutual Funds Inc. announced today that, subject to unitholder approval, its Tactical Asset Allocation Fund will become MultiPartners Balanced Growth RSP Portfolio.

The new portfolio will invest in 10 mutual funds from Cartier, AIM/Trimark, AGF, C.I.Funds, Fidelity Investments, Franklin Templeton Investments and Mackenzie Financial.

“MultiPartners Balanced Growth RSP Portfolio will be structured like a growth-oriented pension fund, with a long term asset allocation of 75% equities and 25% bonds,” said Marc St-Pierre, CFA, President of Cartier Mutual Funds in a news release. “Like a pension fund, it will also be diversified across the main investment styles, for broad exposure to opportunity and to diversify risk. To build the portfolio, we conducted a rigorous selection process to identify managers from our fund company partners whose styles complemented Cartier’s own multimanagement funds.”

Unlike the Tactical Asset Allocaion Fund, which has an index-based strategy, the new portfolio will work mainly through security selection.

As well, Cartier plans to change the Tactical Asset Allocation Fund’s investment objective, fee-structure, and sub-advisor. Unitholders have yet to approve any changes.