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June 17, 2003 Credential Group® and Ethical Funds Inc. announce new conservative fund of funds VANCOUVER, B.C. - Credential Group and Ethical Funds Inc., the mutual fund manager, announced today the expansion of the Credential Select Portfolio Fund series with the launch of the new Credential Select Conservative Portfolio. The new Fund is expected to be available to investors in early July 2003 and is subject to receiving all necessary regulatory approvals. The Credential Select Portfolio Funds were introduced in January 2001 for investors and advisors looking for simple and convenient investment solutions. This type of product, also known as "fund of funds," provides professional diversification and automatic rebalancing in one easy investment portfolio. The Portfolios in this series are comprised of brand-name mutual funds, such as AGF, AIM Trimark, Fidelity and Ethical Funds®. The new Credential Select Conservative Portfolio offers investors another investment choice along the investor continuum of risk, return and time horizon. The Credential Select Conservative Portfolio is suitable for investors that value income over growth, with medium investment time horizons of 3 to 5 years and who are willing to accept moderate fluctuations in the value of their investments The Credential Select Conservative Portfolio aims to generate a moderate level of income while providing some potential for growth by investing in a mix of income as well as equity mutual funds. |
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There are now four Credential Select Portfolio Funds: the Credential Select Conservative Portfolio with a 65% income and 35% equity mix; the Credential Select Balanced Portfolio with a 40% income and 60% equity mix; the Credential Select Growth Portfolio with a 25% income and 75% equity mix; and the Credential Select High Growth Portfolio with a 10% income and 90% equity mix. About Credential Group Credential Group is the national wealth management provider owned by the Canadian credit union system. It offers a growing line of integrated products and services for all stages in the financial life cycle of Canadians. Credential Group consists of several companies that operate with common management and direction. These include Ethical Funds Inc., manager of Ethical Funds, Canada's leading family of socially responsible mutual funds, as well as Credential Funds, the strategic asset allocation products; Credential Asset Management Inc., the distributor of proprietary and third-party mutual funds through credit unions across Canada; and Credential Securities Inc., an investment dealer providing the credit union system with a full range of investment products. Credential Direct®, a division of Credential Securities Inc., offers self-managed investing services via the Internet or by telephone. For more information, please contact: Client Relations Department Credential Group Tel: 1.877.384.4225 ®Credential, Ethical Funds, Ethical, Credential Securities, Credential Group & Design and Credential Direct are registered marks owned by Ethical Funds Inc. |
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Carol Boutin Manager, Marketing Communications t: 604.714.3997 f: 604.714.3861 e: cboutin@credential.com |