The firm plans to simplify its mutual fund offering by merging multiple funds and updating investment objectives and strategies
Toronto-based CI Investments Inc. (CI) on Wednesday announced plans to merge six funds in order to reduce duplication and help simply its fund roster.
The firm has announced a change in portfolio managers as well as the merger of some of its funds
Invesco Emerging Markets Debt Fund will merge with Invesco Global Bond Fund
Closed-end fund merged into Middlefield U.S. Dividend Growers Class
The changes include tweaking the investment objectives and strategies, modifying corporate classes and reducing fees
The terminating funds affected by the cancelled merger will now have their fees reduced to stay consistent with Dynamic’s overall pricing strategy
Invesco Emerging Markets Debt Fund to merge into Invesco Global Bond Fund
Three funds will be merged into Manulife Growth Portfolio sometime around June 2
NEI Northwest Tactical Yield Fund will absorb NEI Northwest Macro Canadian Asset Allocation Fund and NEI Northwest Macro Canadian Asset Allocation Corporate Class.