TORONTO, Jan. 12, 2015 /CNW/ - SEI Investments Canada Company (the "Manager"), a wholly owned subsidiary of SEI Investments Company (NASDAQ: SEIC), today announced that unitholders of the Growth 70/30 Fund and unitholders of the Global Growth 100 Fund (each a "Fund" and collectively, the "Funds") have approved changes to the Funds' investment objectives. These changes were voted on at the special meeting of unitholders held on Jan. 12, 2015, in Toronto.
The Growth 70/30 Fund, which will be renamed the Growth Fund, will aim to achieve long-term growth of capital and income through investment in a diversified portfolio of Canadian and foreign equity securities and Canadian and foreign fixed income securities. To accomplish its investment objective, the Fund will seek to invest its assets either directly or through investments in other mutual funds that are managed by the Manager (the "Underlying Funds").
The Global Growth 100 Fund, which will be renamed the All Equity Fund, will aim to achieve long-term growth of capital through investment in a diversified portfolio of Canadian and foreign equity securities. To accomplish its investment objective, the Fund will seek to invest its assets either directly or through investments in the Underlying Funds.
The changes will be implemented on or about Jan. 30, 2015. The Growth 70/30 Fund and the Global Growth 100 Fund are Canadian-based funds; this vote does not impact U.S.-based fund holders of SEI funds.
SEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of September 30, 2014, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $612 billion in mutual fund and pooled or separately managed assets, including $249 billion in assets under management and $363 billion in client assets under administration. For more information, visit seic.com.
About SEI Canada
SEI founded its Canadian business in 1983, pioneering innovative asset management techniques for institutional investors. Today, SEI offers integrated investment management and strategic advice solutions to help institutional investors achieve their organizational goals and fulfill fiduciary responsibilities. Capitalizing on its investment expertise, SEI began offering investment solutions to retail investors through investment advisors in 1994. The investment approach provides multi-manager, globally diversified strategies with an appropriate home-country bias for Canadian retail investors. SEI's Goals-Based Portfolios, Strategic Portfolios, Asset Allocation Funds and Asset Class Funds are available through select dealer relationships. For more information, visit seic.com/enCA.
For further information: Company Contact: Dana Grosser, SEI, +1 610-676-2459, [email protected]