Qwest proposes changes to AlphaDelta Canadian Prosperity Class fund

first_img Keywords Fund managers Tessie Sanci If the fund’s unitholders approve the new objective, the fund’s investment strategies will change — as will its name, which will become AlphaDelta Canadian Focused Equity Class. The firm will also reduce the management fees payable by the fund as follows: Series A shares will decrease to 2% a year from 2.5% a year Series F shares will decrease to 1% a year from 1.5% a year Series G shares will decrease to 0.6% a year from 0.75% a year The meeting to seek shareholder approval will occur on or about Dec. 21. If approval is received, all proposed changes are expected to be implemented on or about Dec. 30. Share this article and your comments with peers on social media Franklin Templeton renames funds with new managers Vancouver-based Qwest Investment Fund Management Ltd. is proposing changes that will affect the investment objective, name and management fees connected to the firm’s AlphaDelta Canadian Prosperity Class. The proposal includes amending the fund’s fundamental investment objective to state that the fund will provide long-term capital appreciation by investing primarily in equities of Canadian and foreign companies. center_img Change to Counsel Global Small Cap Fund NEO, Invesco launch four index PTFs Related news Facebook LinkedIn Twitterlast_img read more

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