JovFunds Management Inc. Monday announced changes to the management of several of its mutual funds.

Effective September 15, JovFunds will assign its management duties for Jov Canadian Equity Class of Jov Corporate Funds Ltd. to its affiliate JovInvestment Management Inc., the portfolio manager of the Corp Fund.

Also effective September 15, JovFunds will assign its management duties for Jov Bond Fund, Jov Leon Frazer Dividend Fund, Jov Leon Frazer Preferred Equity Fund, Jov Fiera Conservative Tactical Portfolio, Jov Fiera Balanced Tactical Portfolio, and Jov Fiera Growth Tactical Portfolio to its affiliate MGI Funds Inc.

The assignment of JovFunds management functions to JovInvesmtent and MG “ is being done to create synergies within our organization and is not expected to have any material impact on these funds’ operations or expense levels as all professional, technical and support staff will remain in place, including the investment and client service teams,” Jov Funds said.

IE