Qtrade Fund Management Inc., manager of the QFM family of mutual funds and the Meritas family of mutual funds, has announced plans to change its corporate name to OceanRock Investments Inc.

QFM also plans to introduce a number of structural changes to the QFM Funds and the Meritas Funds that will utilize the synergies gained from the recently completed amalgamation of QFM with OceanRock Capital Partners Inc. and Meritas Financial Inc.

Changes will include the merger and continuation of certain QFM Funds under the Meritas Funds name; certain QFM Funds will refocus their investment objectives under the new OceanRock name; and changes will be made to certain portfolio advisers, custodians and fees and expenses.

The changes will enhance QFM’s mutual fund offering generally, and improve the management, operation and administration of the funds for the benefit of both the funds and their respective unitholders, the company said.

Full details of all fund changes are available from QFM and in a material change report to be filed on SEDAR. The fund changes are expected to be fully implemented by September, and are subject to applicable notice requirements and receipt of applicable unitholder and regulatory approvals.

The renamed OceanRock entity will continue to be part of the Qtrade Financial Group.

IE