ATB Investment Management Inc. intends to terminate the ATB Money Market Fund by the end of March, the Edmonton-based company said Friday.
Effective the close of business on January 14, 2011, no additional purchases of units will be accepted into the und.
A notice will be sent to unitholders no less than 60 days prior to the effective date of the termination.
ATB said the change will not affect the Compass Conservative Portfolio, Compass Conservative Balanced Portfolio, Compass Balanced Portfolio, Compass Balanced Growth Portfolio, Compass Growth Portfolio or Compass Maximum Growth Portfolio.
ATB Investment Management Inc. is a wholly owned subsidiary of Alberta-based ATB Financial.