(January 18 – 11:00 ET) Money manager Montrusco Bolton of Montreal has received final regulatory approval for four new mutual funds: Growth Plus, Balanced Plus, Value Plus, and World Income.

The funds have management expenses set at 1%-1.5%. However, Montrusco has added a new twist. If return targets are reached for the individual funds, the management company will be paid an extra performance bonus.

The funds are available directly or through dealers. If dealer-sold they pay a trailer fee of 50 basis points. Minimum investment is $25,000 for non-registered accounts, $10,000 forregistered and $2,000 on RESPs.
-IE Staff