RICHMOND HILL, ON, June 7, 2018 /CNW/ - Effective June 11, 2018, UBS Investment Management Canada Inc. will assume the portfolio manager duties for the Legacy Education Savings Plan and the Advanced Education Savings Plans (each a "Plan" and collectively the "Plans") that are currently provided by Yorkville Asset Management Inc., in addition to its current portfolio manager duties. The Plans will continue to also be advised by 1832 Asset Management L.P. and Adaptive Asset management Ltd.
The Plans are investment funds that pool together the money of many investors that are saving for a child's post–secondary education. GGAI retains independent Portfolio Advisors to manage the investments of the Plans.
About Global Growth Assets Inc.
Global Growth Assets Inc. has been registered as an Investment Fund Manager ("IFM") since 2009 and is the IFM for the Advanced Education Savings Plan and Legacy Education Savings Plan, which has over $685 million in assets under administration. GGAI also manages over $50 million in mutual fund assets through Global Iman Fund, an ethical fund that provides investors with long-term growth by investing in a diversified portfolio of global investments that are in accordance with Shariah rules.
Commissions, trailing commissions, management fees and expenses all may be associated with investments in the fund. Please read the prospectus before investing. Investments in the fund are not guaranteed; its value changes frequently and past performance may not be repeated.
SOURCE Global RESP Corporation
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