TORONTO, June 30, 2017 /CNW/ - Educators Financial Group Inc., the manager of the Educators North American Diversified Fund, previously announced that a special meeting of the unitholders of the Fund would be held on September 15, 2017 to consider a change to the fundamental investment objective of the Fund, which would effectively convert the Fund from a mutual fund investing in Canada and the United States equity securities, to a fund investing primarily in United States equity securities. In conjunction with this transition, if approved, the Manager today announced that Beutel, Goodman & Company Ltd. would be appointed as the Fund's portfolio adviser.
Beutel Goodman is a privately-owned, Canadian investment management organization founded in 1967. The founding partners focused their efforts on value oriented investments identified through comprehensive internally generated research. These standards are the foundation from which the firm has grown for over 50 years. Today, the company has about $40 billion of assets under management, including over $4 billion in U.S. equity assets. Beutel Goodman specializes in the management of Canadian, U.S., and international equities in addition to balanced and fixed income mandates for institutional and individual investors. Beutel Goodman currently acts as the portfolio adviser to the Educators Balanced Fund and the Educators Bond Fund, two of the Manager's other funds.
About Educators Financial Group:
Educators Financial Group has been offering free financial planning and a wide selection of investing and lending products and services exclusively to teachers, educational workers, and their families since 1975. It is a strong history that has enabled them to become the education community's financial specialist — providing the solutions educators need, to achieve their financial dreams.
SOURCE Educators Financial Group Inc.
For further information: Sylvie Pelletier, Vice-President, Marketing, Educators Financial Group, Email: SPelletier@educatorsfinancialgroup.ca