Fiera changes risk level of fund, proposes merger of another

Fiera Capital Corporation has announced changes to some of its mutual funds.

The investment risk level of its hedged series, AH and FH, of the Fiera Capital Defensive Global Equity Fund has changed from medium to low to medium, the firm said in a release.

Fiera has also proposed merging its Fiera Capital Equity Growth Fund into a new fund to be managed by Canoe Financial LP. The new fund will have the same investment objectives and strategies and be re-named Canoe Canadian Small Mid Cap Portfolio Class. Fiera Capital will sub-advise the fund. This merger is being proposed in connection with a previously announced sale of Fiera’s retail mutual funds to Canoe.

Fiera stopped selling Series A units of Fiera Capital Core Canadian Equity Fund as of today.

Staff

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