Co-operators Mutual Funds Ltd. said it has completed the acquisition of the right to manage the Crystal Enhanced Index RSP Fund. The deal was announced in May.

The fund was launched in July 1999 and will add almost $45 million to the assets under administration by Co-operators.

The fund’s assets are invested using a proprietary computer algorithm known as the Crystal System, which shifts assets in and out of equity market indexes to take advantage of market advances while avoiding protracted declines. It was developed in 1996 by John Moir and Clayton Smith of Crystal Wealth Management Systems Ltd.

In a news release, David Hartman, president of Co-operators Mutual Funds, said, “We are very pleased to have completed the transaction. The addition of the Crystal fund with its unique, highly successful investment style will position Co-operators Mutual Funds as a dynamic growing fund company in a very competitive market place.”

Co-operators will also assume the management of the recently developed Crystal Enhanced Index World Fund, which also uses the algorithm system.