Scotia Global Asset Management is closing four funds and the advisor series of 13 other funds, Toronto-based 1832 Asset Management LP announced Monday.

The closures are effective on or about Jan. 25, 2019.

Scotia is closing the following funds:

  • Pinnacle Growth Portfolio
  • Pinnacle Income Portfolio
  • Scotia Conservative Government Bond Capital Yield Class
  • Scotia Fixed Income Blend Class

Scotia is also terminating the advisor series of the following funds:

  • Scotia Balanced Opportunities Fund — Advisor Series
  • Scotia Canadian Dividend Fund — Advisor Series
  • Scotia Canadian Growth Fund — Advisor Series
  • Scotia Canadian Income Fund — Advisor Series
  • Scotia Diversified Monthly Income Fund — Advisor Series
  • Scotia Global Growth Fund — Advisor Series
  • Scotia Global Opportunities Fund — Advisor Series
  • Scotia International Value Fund — Advisor Series
  • Scotia Money Market Fund — Advisor Series
  • Scotia Selected Balanced Growth Portfolio — Advisor Series
  • Scotia Selected Balanced Income Portfolio — Advisor Series
  • Scotia Selected Growth Portfolio — Advisor Series
  • Scotia Selected Maximum Growth Portfolio — Advisor Series

The funds are no longer available for purchase, and Scotia GAM says unitholders may redeem at any time. Advisor series unitholders may reclassify their units into another series of the same fund if they so choose. In both cases, Scotia says, applicable redemption fees and sales charges will be waived. Any remaining units will be redeemed for cash on the closure date.