MONTRÉAL, April 24, 2017 /CNW Telbec/ - Pembroke Private Wealth Management Ltd. (Pembroke), the manager of the GBC Mutual Funds, today announced management fee reductions to The GBC Money Market Fund, The GBC Canadian Bond Fund (Class A Units), The GBC Growth and Income Fund and The GBC Canadian Growth Fund.
Effective July 1, 2017, Pembroke will reduce management fees of certain of the GBC Mutual Funds as follows:
| The GBC Money Market Fund: |
from 0.50% to 0.10% |
| The GBC Canadian Bond Fund (Class A Units): |
from 0.75% to 0.65% |
| The GBC Growth and Income Fund: |
from 1.40% to 1.30% |
| The GBC Canadian Growth Fund: |
from 1.75% to 1.70% |
These reductions are designed to ensure that the funds remain fairly priced. For further information on Pembroke Private Wealth Management Ltd. and the GBC Mutual Funds, please visit www.pml.ca or call 1-800-667-0716 (Montreal) or 1-800-668-7383 (Toronto).
About Pembroke
Pembroke is a wealth advisory firm that provides clients with customized solutions to secure their financial futures. Our clients include individuals, families, and foundations. Pembroke was founded by Pembroke Management Ltd., an institutional money manager, in 1988. Pembroke has offices in Toronto and Montréal.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The GBC Mutual Funds are available for sale in each of the provinces of Canada and only through dealers authorized for that purpose.
SOURCE GBC funds group
Montreal Office: 1002 Sherbrooke Street West, Suite 1700, Montreal Quebec H3A 3S4, Tel: 514-848-0716, Toll free: 1-800-667-0716; Toronto Office: 150 King Street West, Suite 1210, Toronto, Ontario M5H 1J9, Tel: 416-366-2550, Toll free: 1-800-668-7383
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