OAKVILLE, ON, May 21, 2013 /CNW/ - Pro-Financial (PFAM), the management company for the Pro-Index Funds announced that it is considering, with the assistance of a financial adviser, several proposals from Canadian based asset managers who share PFAM's vision and understand the potential for enhanced index funds. PFAM is evaluating proposals which will result in greater organizational bench strength, improved back office services for the dealer and advisor community as well as reduced fees for investors in its funds.
"Over the past 6 years we have seen tremendous growth and demand for enhanced index products as advisors are increasingly seeing the benefits of combining active and passive management " says Pro-Financial CEO Stuart McKinnon. "To carry out our vision we plan on aligning our mutual fund business with an established company that brings support and economies to the Pro-Index fund family. We are excited by the prospects ahead of us and are committed to providing quality investment solutions to our clients."
Pro-Financial is a leader in delivering the award winning Fundamental Indexation methodology to Canadian Investors through its Pro-Index Funds family. This line-up of passive award winning index funds ensures that the benefits of fundamental indexing are available to investors through the entire Canadian distribution channel. The proposals received envision the expansion of the product line of the Pro-Index family of funds and bringing synergies to the cost structure while continuing to deliver superior fund performance.
SOURCE: Pro-Financial Asset Management
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