T.E. Investment Counsel Inc., the manager and portfolio advisor of Jov Prosperity Funds, and JovFunds Management Inc., the administrator of the Prosperity Funds, announced today that, effective November 1, JovFunds will become the manager of the Prosperity Funds.

According to the two companies, the change is being made in order to gain further cost efficiencies in the management of the funds.

The Prosperty Funds include: Jov Prosperity Canadian Fixed Income Fund; Jov Prosperity Canadian Equity Fund; Jov Prosperity U.S. Equity Fund; and Jov Prosperity International Equity Fund.

T.E. Investment Counsel Inc. will continue to act as the Prosperity Funds’ portfolio advisor.

T.E. Investment Counsel Inc. currently manages in excess of $2.3 billion for its clients.