Elliott & Page Ltd. today launched a new 100% RSP eligible fund, while announcing name changes to existing funds and a new purchase option schedule.
“As part of Elliott & Page’s ongoing efforts to expand its product offerings and refine its existing business, we feel these are important steps that help lay the groundwork for future growth,” said Eric Grove, vice president of Investment Funds for Manulife Financial, in a news release.
Effective September 3, Elliott & Page will make available a 100% RSP eligible version of its popular Total Equity Fund, sub-advised by SEAMARK Asset Management. The RSP version of the fund enters into forward contracts to link its performance to the Elliott & Page Total Equity Fund, which invests primarily in a diversified portfolio of large-cap equity securities from around the world.
Also effective September 3, the E&P Cabot Canadian Equity, E&P Cabot Blue Chip and E&P Cabot Global MultiStyle funds’ names will change to Elliott & Page Canadian Equity Fund, Elliott & Page Blue Chip Fund and Elliott & Page Global MultiStyle Fund, respectively. The company has decided to eliminate the name “Cabot” from its existing fund line-up to further simplify the fund family’s listings.
Elliott & Page will introduce a revised purchase option schedule on or about October 1 The new schedule is designed to provide independent advisors with increased flexibility in how they charge for their services in an increasingly competitive landscape.
The schedule is outlined in the attached chart.