Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Canadian Firm Trims Roster Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 6, 2002

Canadian Firm Trims Roster

by: Sean Hanna, Editor in Chief

Canadian fund firm CI Mutual Funds is merging 33 funds as part of a reorganization of its product line following a pair of acquisitions. Earlier this week the firm also changed the name of some of its funds and changed some portfolio managers.

Peter Anderson, president of the Toronto-based firm, explained the merging of the 33 funds will eliminate overlapping products. Most of the funds being merged were recently acquired. However, 10 of the funds are CI products that have failed to catch on with investors.

A handful of those funds are sector funds, including funds specializing in technology.

"These mergers will simplify choices for investors and result in lower costs for the funds' unitholders," he explained

CI Fund Management purchased Spectrum Investment Management from Clarica Life earlier this year (the deal closed on July 25). It also purchased the segregated fund business from Sun Life Assurance Company of Canada.

The mergers need approval of fund shareholders. CI has scheduled a special meeting for October 10 and plans to complete the mergers on October 11 if they are approved.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use