(March 12 – 14:45 ET) – Elliott & Page Mutual Funds has capped the management expense ratio for the Elliott & Page Growth & Income Fund at 2.25% for the 2001 calendar year.

“The decision to cap the MER at 2.25% for the 2001 calendar year reflects our objective of allowing this fund to flourish in spite of its small current size,” said Eric Grove, vice president, investment funds, Elliott & Page Mutual Funds. Launched in August 2000, the fund currently manages assets of approximately $4.42 million.

The fund is sub-advised by Seamark Asset Management Ltd. Seamark’s “total portfolio” approach is driven by bottom-up security selection across all three asset classes. The asset allocation of the fund is then determined by the outcome of this disciplined security selection.

“We believe our fund’s unique ‘total portfolio’ approach to balanced fund management is perfectly suited for more conservative investors who are looking for a safer haven during the current uncertain market environment,” said Carrie Tuck, marketing director, Elliott & Page Mutual Funds.