Canoe Financial announces changes to sub-advisor and Low Load purchase option
June 21 2021 - 1:36PM
Canoe Financial LP (“Canoe Financial”) today announced sub-advisory
changes for Canoe Canadian Small Mid Cap Portfolio Class and the
global equity portion of Canoe Defensive Global Balanced Fund.
Additionally, Canoe Financial announced its intention to
discontinue the Low Load purchase option for new purchases.
Sub-advisor changesEffective on or about August
3, 2021, Fiera Capital Corporation (“Fiera Capital”) will cease to
act as sub-advisor for Canoe Canadian Small Mid Cap Portfolio
Class. Canoe Financial will remain as portfolio manager and will
manage the investment portfolio of the fund. The fund will be
co-managed by Sajan Bedi, Portfolio Manager and Robert Taylor,
Senior Vice President, Portfolio Manager and Head of Equities.
“As an independent investment manager, our objectives and
interests are aligned with those of our investors. Rob and Sajan
are equity specialists with extensive experience in Canadian small
and mid cap equities, and collectively have over three decades in
the investment industry. Funds managed by Rob and Sajan currently
rank in the top decile of performance in their respective peer
groups across all time periods. We’re excited to have them at the
helm, navigating the fund through the next phase of the cycle,”
said Darcy Hulston, President and Chief Executive Officer.
Effective on or about June 29, 2021, Fiera Capital will cease to
act as sub-advisor for the global equity portion of Canoe Defensive
Global Balanced Fund. It is expected that the fund will continue to
invest in units of Canoe Defensive Global Equity Fund for global
equity exposure, which continues to be sub-advised by Fiera
Capital.
Low Load purchase optionEffective on or about
June 1, 2022, Canoe Financial is closing the Low Load purchase
option to new investments in Canoe mutual funds as a result of the
decision of the Canadian Securities Administrators to ban deferred
sales charges (DSC), including low load options, on mutual
funds.
Investors currently holding securities under the Low Load
purchase option will remain invested based on the redemption fee
schedule applicable to those securities, and will continue to be
able to switch from these securities to other securities under the
same redemption fee schedule.
About Canoe FinancialCanoe Financial is one of
Canada’s fastest growing independent mutual fund companies managing
over $10 billion in assets across a diversified range of
award-winning investment solutions. Founded in 2008, Canoe
Financial is an employee-owned investment management firm focused
on building financial wealth for Canadians. Canoe Financial has a
significant presence across Canada, including offices in Calgary,
Toronto and Montreal.
Further Information:Investor
Relations1–877–434–2796info@canoefinancial.com
Disclaimer
Certain statements included in this news release constitute
forward-looking statements, which reflect Canoe Financial’s current
expectations regarding future results or events. Words such as
“may,” “will,” “should,” “could,” “anticipate,” “believe,”
“expect,” “intend,” “plan,” “potential,” “continue” and similar
expressions have been used to identify these forward-looking
statements. In addition, any statement regarding future
performance, strategies, prospects, action or plans is also a
forward-looking statement. Market predictions and forward-looking
statements are subject to known and unknown risks and uncertainties
and other factors that may cause actual results, performance,
events, activity and achievements to differ materially from those
expressed or implied by such statements. Forward looking statements
involve significant risks and uncertainties and a number of factors
could cause actual results to materially differ from expectations
discussed in the forward-looking statements including, but not
limited to, changes in general economic and market conditions and
other risk factors. Although the forward-looking statements are
based on what Canoe Financial believes to be reasonable
assumptions, we cannot assure that actual results will be
consistent with these forward-looking statements. Investors should
not place undue reliance on forward-looking statements. These
forward-looking statements are made as of the current date and we
assume no obligation to update or revise them to reflect new events
or circumstances.
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