| PRESS RELEASE |
|
Vancouver, March 22, 2004
Changes in Securities Legislation Pursuant to recent changes in securities legislation relating to fund-on-fund structures, the Credential® Select Funds will be able to actively manage their underlying portfolios. This amendment will take effect on or about June 28, 2004. Under normal market conditions, these funds will invest in accordance with optimal asset mixes as disclosed in the prospectus. However, the portfolio manager may, in its discretion, modify asset mixes, add or remove funds, or change the percentage of any underlying fund without providing written notice to unitholders. This allows for greater flexibility and a more active management of the underlying funds for optimal performance and risk management on behalf of unitholders. As part of the amendment, unitholders of the Credential Select Funds will no longer receive flow through voting rights from the underlying funds. Unitholders will still have voting rights in the Credential Select Funds. |
| 1 2 3 4 5 6 7 return to news |
 |
||
 |
News Archives | |
 |
|
 |
Carol Boutin Manager, Marketing Communications t: 604.714.3997 f: 604.714.3861 e: cboutin@credential.com |