TORONTO, May 24, 2019 /CNW/ -- SEI Investments Canada
Company (SEI Canada), a wholly-owned subsidiary of SEI Investments
Company (NASDAQ:SEIC), today announced status changes to several of
its funds.
SEI Canada intends to launch a new FC class of units for select
funds, make closures to specific fund classes and rename the EAFE
Equity Fund as the International Equity Fund. Details of these
expected changes are disclosed in the preliminary and pro forma
filing of the Simplified Prospectus dated May 23, 2019. The changes will be effective upon
the filing of SEI Canada's final simplified prospectus, expected to
occur on or about June 28, 2019. No
changes will be made to any of these funds' investment objectives
or strategies.
Funds launching Class FC Units:
- Balanced 60/40 Fund
- Balanced Monthly Income Fund
- Conservative Monthly Income Fund
- Global Managed Volatility Fund
- Growth 100 Fund
- Growth 80/20 Fund
- Income 20/80 Fund
- Income 40/60 Fund
Funds closing Class Z Units:
- All Equity Fund
- Balanced Fund
- Balanced Monthly Income Fund
- Conservative Fund
- Conservative Monthly Income Fund
- Growth Fund
- Moderate Fund
- Canadian Equity Fund
- International Equity Fund (formerly known as EAFE Equity
Fund)
- Emerging Markets Equity Fund
- Global Managed Volatility Fund
- Canadian Fixed Income Fund
- Real Return Bond Fund
- Short Term Bond Fund
- Short Term Investment Fund
Funds closing both Class Z and Class Z(H) Units:
- U.S. High Yield Bond Fund
- U.S. Large Company Equity Fund
More information on the fund class changes and the closure of
specific classes can be found in the preliminary and pro forma
simplified prospectus referenced above. The final filing of the
simplified prospectus is expected to be on or about June 28, 2019.
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
strategies, strategic asset allocation strategies and asset class
funds are available through select dealer relationships. For more
information, visit seic.com/en-CA.
About SEI
After 50 years in business, SEI
(NASDAQ:SEIC) remains 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 March 31, 2019, through
its subsidiaries and partnerships in which the company has a
significant interest, SEI manages, advises or administers
$945 billion in hedge, private
equity, mutual fund and pooled or separately managed assets,
including $332 billion in assets
under management and $609 billion in
client assets under administration. For more information, visit
seic.com.
*Figures are in US dollars.
Company/Media Contact:
Leslie Wojcik
SEI
+1 610-676-4191
lwojcik@seic.com
SOURCE SEI