Altamira today announced it is dropping two Trimark mutual funds from its Meritage Portfolios.

Capital International Global Equity Fund replaces Trimark Fund, and CI American Small Companies Fund replaces Trimark U.S. Small Companies Class Fund.

The changes will take effect May 1.

Altamira says funds for the portfolios are selected using a strictly quantitative system known as the Select Rating System. In order to ensure complete objectivity, no Altamira or National Bank funds are included in the portfolios. To certify transparency and best practices, the fund selection and monitoring process for Meritage Portfolios is approved and supervised by Aon Consulting.

“The funds that make up our Meritage Portfolios are selected using the strictest criteria that favour long-term performance. Moreover, the addition of Capital International to our line-up is definitely an advantage for unitholders,” explains Charles Guay, Altamira’s president and CEO. The Capital Group, Capital International’s parent company, is a privately owned global investment manager that manages well over US$1 trillion in mutual fund assets across the globe.