Two funds will also be terminated
Mutual funds package index ETFs into three basic asset allocations
The merged fund would benefit from increased scale, the firm says
The changes take effect Jan. 25, 2019
Dynamic Venture Opportunities Fund acquired by B.E.S.T. Investment Counsel
Less restrictive investment minimums open product to more clients
The new funds are based on the CSA’s alternative funds framework
Dynamic Venture Opportunities Fund will become B.E.S.T. Venture Opportunities Fund upon the closing of the deal this autumn
The firm will assume the role of portfolio advisor for Scotia European Fund
The announcement follows a similar proposal against TD Asset Management launched in April and the CSA’s proposal to ban mutual fund firms from paying discount brokerages trailer fees