The new funds include:
- Lysander-Canso Canadian Equity Fund
- Lysander-Triasima Canadian Small Cap Equity Fund
- Lysander-Pembroke Canadian All Cap Equity Fund
- Lysander All Canadian Equity Fund
- Lysander All Canadian Balanced Fund
“Lysander is a proud Canadian company and believes that equity markets in this country offer a great opportunity for investors,” said Richard Usher-Jones, president of Lysander, in a release.
“The depth of experience and active management that Canso, Triasima and Pembroke bring to these equity funds will be a great way to invest in Canada.”
Lysander will act as portfolio manager for the Lysander All Canadian Equity Fund and Lysander All Canadian Balanced Fund.
CI GAM makes fund changes
CI Global Asset Management (GAM) announced multiple fund changes on Thursday, including risk rating changes for certain products and an upcoming fund name change.
The firm said it tweaked the risk ratings for the U.S. Equity Growth Pool and U.S. Equity Growth Corporate Class from “medium” to “medium to high.”
Meanwhile, the risk rating for the CI Global Sustainable Infrastructure Fund has been changed from “low to medium” to “medium.” The change applies to all series of the fund, including mutual fund and ETF series.
The risk rating changes took effect Thursday.
“CI GAM reviews the risk rating for each of the funds it manages at least on an annual basis, as well as when a fund undergoes a material change,” the firm said in a release.
“These changes are the result of ongoing internal reviews and not the result of any changes to the investment objectives, strategies or management of the funds.”
Also, on July 15, CI GAM will change the name of the CI Galaxy Multi-Crypto ETF (TSX: CMCX.B, CMCX.U) to CI Galaxy Multi-Crypto Navigator ETF.
The name change is meant “to emphasize the ETF’s purpose of helping investors navigate the volatility inherent in digital assets,” CI GAM said. The firm noted that the fund, which is sub-advised by Galaxy Asset Management, uses a “rules-based momentum-signalling strategy” to allocate its holdings across multiple digital assets as well as cash.
SEI Canada ups fund risk ratings
SEI Investments Canada Co. (SEI Canada) says it’s made risk rating changes to two of its mutual funds after conducting its annual product review.
The firm said the risk rating for all classes of the U.S. All Cap Equity Index Fund has been changed from “medium” to “medium to high.”
The risk rating for the E, F and O classes of the U.S. Small Company Equity Fund has also been changed from “medium” to “medium to high.”
SEI Canada said the investment objectives and strategies of the funds remain unchanged.
Scotia announces fund closures
Scotia Global Asset Management has announced the terminations of the 1832 AM Global Low Volatility Equity LP and 1832 AM U.S. Dividend Growers LP.
In a release, it said the funds would be terminated on or about June 27.