Altamira Investment Services Inc. today announced a couple of changes to its Meritage Portfolios.

Within the portfolios, Fidelity Canadian Opportunities Fund will be replaced by Fidelity Canadian Disciplined Equity Fund.

As well, Altamira says a “strategic optimization of the fixed-income allocation will be implemented, in order to increase the potential returns of this portion while reducing the volatility through a better diversification.”

All changes will take effect November 3, 2008.

“The funds that make up our Meritage Portfolios are selected using the strictest criteria that favour the right balance between risk and long-term performance. Moreover, the optimization of the fixed-income portion of the portfolios is an additional proof of our commitment to keep Meritage as a unique and innovative investment solution,” says Charles Guay, Altamira’s President and Chief Executive Officer.

On Nov.1, Altamira Investment Services Inc. will consolidate its activities with Altamira Financial Services Ltd. and National Bank Securities Inc., the manager of the National Bank Funds. The activities of the three entities, all subsidiaries of the National Bank of Canada, will merge and the name of the merged company will be National Bank Securities Inc. Following the merger, National Bank Securities will become the manager of the Meritage Portfolios.