Unitholders approve Primerica fund mergers
Changes to investment objectives also approved
- By: IE Staff
- August 21, 2006 August 21, 2006
- 07:30
Changes to investment objectives also approved
Rapid growth in assets prompts closing
Rates to drop by 0.1% to 0.25%
Business sold to former owner
Impax Venture Fund, Impax Venture Income Fund
Fund will be managed by Lazard's Haynes
Fund invests in companies trading in Hong Kong, Taiwan, Singapore and China
New auditors, fee structure and investment objectives
A new way to benefit from energy investments
Changes made to Advantage benchmarks and timing of quarterly rebalancing
Unitholders are expected to benefit from cost savings and increased efficiencies
Fund closes with $70 million in capital commitments
Some fund names also changed to focus on risk profile
Notes have 100% principal repayment guarantee and exposure to hedge funds
New class allows investors to pay a fee rather than a sales charge
Fund will now have more flexibility to invest in large-cap Canadian equities
Fees replace with tiered increase in management and administration fees
AllianceBernstein replaces UBS Global Asset Management Co.
Funds no longer cost competitive
Investors gain more exposure to high-quality small- and mid-cap North American equities
Minimum investment of $2,500
FULPAY DARTS Deposit Notes, Series 3
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