Northwest & Ethical Investments L.P. have decided to terminate the EFI Balanced Growth Fund, the firm announced today.

According to a news release from the company, the fund will be closed to all new sales effective immediately. As well, investors will be provided 60 day notice of the intent to terminate the fund and after the close of the 60 day period, units will be redeemed and paid out or transferred accordingly.

Northwest & Ethical Investments L.P. is owned half by the Provincial Credit Union Centrals and half by Desjardins Group.