MRS Group of Cos., together with Mackenzie Financial Corp., today announced that investors approved the mergers of four Keystone Premier funds into two existing Keystone Premier Capital Class versions of the funds at special meetings earlier today.
The mergers will be completed by end of business today.
According to MRS, the fund mergers eliminate unnecessary duplication in the Keystone fund line-up, but do not impact the investment mandates of the funds.
Keystone Premier Global Elite 100 Fund and Keystone Premier Global RSP Elite 100 Fund have been merged into Keystone Premier Global Elite 100 Capital Class.
Keystone Premier Euro Elite 100 Fund and Keystone Premier Euro RSP Elite 100 Fund have been merged into Keystone Premier Euro Elite 100 Capital Class.
Under Mackenzie’s Capital Class program, taxable non-registered investors can switch between 46 funds without incurring an immediate tax liability. Being 100% RRSP-eligible, registered investors can diversify globally using Mackenzie’s Capital Class funds without concern about exceeding the 30% foreign content limit or the need to rebalance their holdings.