The Ethical Funds Co. is terminating its two RSP clone funds: the Ethical RSP American Multi-Strategy Fund and the Ethical RSP Global Equity Fund. The funds will be closed effective October 14.

Upon closing, investors in these RSP funds will receive units of the same class of the corresponding underlying funds having an equal value to their current investment.

To facilitate the termination, new purchases of the RSP funds will cease after close of business on October 3. All systematic transactions (such as PACs) on the two RSP funds will continue until October 13, and will automatically be transferred to their corresponding underlying funds after October 14.

The termination follows from the passing of the federal budget eliminating the foreign content limit on all registered plans.