Montreal-based Fiera Capital Corp. on Thursday announced multiple changes to its shelf of mutual funds.
“We made a number of enhancements to our funds lineup in direct response to the increasing need of Canadian investors who are looking for quality of choice and accessibility,” says Julie Lalonde, executive vice president of retail markets and strategic investment partnerships at Fiera Capital, in a statement.
“These enhancements are consistent with our plan to develop our retail markets business and to offer Fiera Capital’s differentiated investment solutions to financial advisors and their clients,” she adds.
These changes include lower management fees from 1.00% to .85% on Series F for Fiera Capital Income and Growth Fund and Fiera Capital High Income Fund. The firm expects the reduced fees will lead to lower Series F management expense ratios. The changes came into effect Aug. 29.
The firm has also renamed several funds, including Fiera Capital Bond Fund to Fiera Capital Diversified Bond Fund and Fiera Capital Balanced Fund to Fiera Capital Income and Growth Fund.
Lastly, Fiera Capital has a new currency hedged series offering on its Fiera Capital Defensive Global Equity Fund.
The hedged series is designed to give greater flexibility for Canadian investors to invest in global equities while hedging their exposure to foreign currency.
More details on the fund changes can be found in the firm’s news release.
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