Scotia Global Asset Management announces fund and series closures

first_img Related news BMO Private Investment Counsel announces fund merger SLGI Asset Management terminating two mutual funds Keywords Fund caps and terminationsCompanies 1832 Asset Management LP Scotia Global Asset Management is closing four funds and the advisor series of 13 other funds, Toronto-based 1832 Asset Management LP announced Monday.The closures are effective on or about Jan. 25, 2019. Share this article and your comments with peers on social mediacenter_img Scotia is closing the following funds:Pinnacle Growth PortfolioPinnacle Income PortfolioScotia Conservative Government Bond Capital Yield ClassScotia Fixed Income Blend ClassScotia is also terminating the advisor series of the following funds:Scotia Balanced Opportunities Fund — Advisor SeriesScotia Canadian Dividend Fund — Advisor SeriesScotia Canadian Growth Fund — Advisor SeriesScotia Canadian Income Fund — Advisor SeriesScotia Diversified Monthly Income Fund — Advisor SeriesScotia Global Growth Fund — Advisor SeriesScotia Global Opportunities Fund — Advisor SeriesScotia International Value Fund — Advisor SeriesScotia Money Market Fund — Advisor SeriesScotia Selected Balanced Growth Portfolio — Advisor SeriesScotia Selected Balanced Income Portfolio — Advisor SeriesScotia Selected Growth Portfolio — Advisor SeriesScotia Selected Maximum Growth Portfolio — Advisor SeriesThe funds are no longer available for purchase, and Scotia GAM says unitholders may redeem at any time. Advisor series unitholders may reclassify their units into another series of the same fund if they so choose. In both cases, Scotia says, applicable redemption fees and sales charges will be waived. Any remaining units will be redeemed for cash on the closure date. CI GAM announces fund mergers Anne-Marie Vettorel Facebook LinkedIn Twitterlast_img read more