A special meeting of unitholders of the Crystal Enhanced Index RSP Fund will be held on Monday, June 24, in Grimsby, Ont., to consider and vote on the proposed change in the manager and trustee of the fund from Crystal Wealth Management System Ltd. to Co-operators Mutual Funds Ltd.

“In addition to organic growth, growth through acquisition is a major part of our business plan going forward,” says David Hartman, president of Co-operators Mutual Funds.

“The addition of the Crystal Fund combined with the application of the unique, highly successful investment style of Crystal Wealth will position CMFL as a dynamic growing fund company in a very competitive market place”, Hartman adds.

“This strategic alliance will allow us to focus on our core competencies of managing the portfolio of the Fund and the research and development of new and exciting products using the proprietary Crystal System,” says Clayton Smith, managing director of Crystal Wealth.

The Crystal System, the name given to the proprietary computer algorithm designed and developed by Smith and partner John Moir. The algorithm shifts assets in and out of equity market indexes to take advantage of market advances while avoiding protracted declines.

Under the terms of the agreement entered into by Co-operators and Crystal Wealth, Co-operators will take on the administration and trusteeship of the fund and Crystal Wealth will continue to provide portfolio management.