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Canada Life Funding Administration Ltd. (CLIML) has introduced vital modifications to its mutual fund lineup, together with the implementation of sentimental capping and price reductions for particular funds, efficient July 17.
Smooth capping will have an effect on sure collection of the next funds, which can be closed to new traders from the desired date. Nonetheless, present traders will nonetheless have the ability to buy, swap, and redeem securities in these funds:
- Canada Life International Core Plus Bond Fund (Collection A, QF, W, F, QFW, and N)
- Canada Life Unconstrained Fastened Earnings Fund (Collection A, QF, W, F, QFW, and N)
- Canada Life International Multi-Sector Fastened Earnings Fund (Collection A, QF, W, F, QFW, and N)
Moreover, CLIML will cut back the administration charges for sure collection of the Canada Life International Core Plus Bond Fund and the Canada Life Unconstrained Fastened Earnings Fund. The brand new price buildings are as follows:
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