Standard Life changes fund lineup

By Staff | July 19, 2013 | Last updated on July 19, 2013
1 min read

Standard Life Mutual Funds (SLMF) has announced updates to its mutual fund lineup that include the introduction of two new funds, the closing to additional investments of two Corporate Class funds and the addition of five Corporate Class funds.

The two new funds are:

  • Standard Life U.S. Monthly Income Fund
  • Standard Life Tactical Bond Fund

Read: Sheelagh Whittaker named director of Standard Life Canada

In order to ensure the long-term management efficiency of its Corporate Class, SLMF is immediately closing two funds to additional investments. The two funds are: Standard Life Canadian Bond Class and Standard Life Corporate Bond Class. Existing shareholders in these funds will continue to be eligible to purchase additional shares.

SLMF is also expanding its Corporate Class with five new funds which offer clients increased selection and switching opportunities:

  • Standard Life Canadian Equity Growth Class
  • Standard Life Canadian Equity Value Class
  • Standard Life Dividend Income Class
  • Standard Life U.S. Dividend Growth Class
  • Standard Life Global Equity Value Class

Advisors may select from 22 share classes in Corporate Class funds, and can switch investors’ assets from one class to another as their market outlook evolves and other circumstances change.

Also read:

Offer SME staffers workplace pensions, says Standard Life

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.