The mergers will take effect June 15
But the closure of the two ETFs doesn’t mean SLGI will be out of ETFs permanently as the firm says it’s “refining” its ETF strategy
SLGI and Excel are proposing that the current master declaration of trust governing Excel’s suite of funds be amended
The proposed revisions include fund mergers, investment objective changes, fee changes
The purchase expands Sun Life’s wealth management business in Canada with a broader lineup of emerging market funds
Excel Blue Chip Equity Fund will be terminated once the merger with Excel Emerging Markets Balanced Fund is completed
Alken Asset Management has notified the firm of its intention to terminate a subadvisory agreement
The insurance giant's purchase of Excel Funds represents an "entryway" to the emerging markets asset class
The acquisition will expand SLGI’s lineup of emerging markets funds and adds ETFs to its roster of products
Unitholders to vote on proposed merger of Excel Blue Chip Equity Fund into Excel EM Blue Chip Balanced Fund