cropped shot of hand with scissors cutting red tulip flower in bottle

Toronto-based SEI Investments Canada Company is terminating its Conservative Fund due to low assets.

Units of the mutual fund are no longer available for purchase, the firm said, and the fund will terminate on June 29.

The Conservative Fund’s low asset balance made it difficult to manage, SEI said in a release, and the fund is also similar to the firm’s existing Income 20/80 Fund.