ScotiaMcLeod Inc. announced today it will wind down its Pinnacle Global Tactical Asset Allocation Fund on September 1.

The decision was maid in an effort to streamline its product line-up, the full-service investment firm said.

As part of the termination process, effective immediately, Scotia McLeod will not accept new purchases into the fund, including purchases pursuant to pre-authorized contributions. Redemptions will be processed until the termination date.

The Pinnacle Program is a multi-manager, multi-style, managed asset solution offered exclusively though ScotiaMcLeod.