Investment and Retirement

Changes to ASTRA Funds effective as of June 12, 2015

Changes to ASTRA Funds effective as of June 12, 2015

Two new funds will be available to investors as of June 15, 2015: ASTRA Guardian Conservative Monthly Income Fund and ASTRA Guardian Monthly Income Fund. Also, three funds will be closed.

 

FUND OPENINGS

We are pleased to announce that two new funds will be available to investors as of June 15, 2015:

These two new innovative funds, developed in collaboration with Guardian Capital, represent a good compromise between traditional balanced funds and asset allocation funds.

Complete fund details will be provided in the following weeks. Stay tuned!

 

FUND CLOSURES AND TRANSFER OF ASSETS

On June 12, 2015, the ASTRA Funds listed below will be closed and assets will be transferred to the destination funds indicated.

FUND CLOSURES AND TRANSFER OF ASSETS

 ASTRA Fund Closures

Code

 Destination ASTRA Funds

Code

 Sprott / Fiera Capital Canadian Balanced*

645

 Dynamic Power Balanced

640

 Greystone Canadian Growth Equity

13

 Triasima Canadian Equity

85

 Presima Global Real Estate Enhanced Yield*

30

 Morgan Stanley Global Real Estate

636

 

* As these are considered fundamental changes, investors who hold units of the ASTRA Sprott / Fiera Capital Canadian Balanced Fund or the ASTRA Presima Global Real Estate Enhanced Yield Fund as at March 26, 2015, may withdraw all or part of their units, based on the market value. No fees, including any back-load sales charges, will be applied.

 

Investors affected by these fund closures have been mailed a notice on April 13, 2015. These notices are available in the “Documentation” section of the secure website at www.ssq.ca. To consult a list of your clients who have invested in funds scheduled to be closed, use the tool available on the secure website. After you've logged in, click on "Managing your clients" in the left-hand menu and you will be able to generate client lists based on your choice of criteria.

Impact on the ASTRA Equity GIA

As the ASTRA Greystone Canadian Growth Equity Fund will be closed, the ASTRA Triasima Canadian Equity Fund will become available under the ASTRA Equity GIA product as of June 15, 2015. The same guarantee fees that were applicable for the Greystone-managed fund will apply.

 

For all details relating to these changes, click here.

 

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