Toronto-based Stone Asset Management Ltd. Thursday announced the appointment of Aviva Investors Canada Inc. as sub-advisor for Stone & Co. Flagship Growth & Income Fund Canada.
The fixed income component of Growth & Income Fund’s portfolio will be managed in Canada by Doug MacDonald, president of Aviva Investors Canada and Sunil Shah, lead portfolio manager on the strategy.
Aviva Investors replaced Marret Asset Management Inc. effective November 1.
“What initially attracted us to Aviva Investors was the global co-ordination, consistency and quality of service across every part of their business,” says Richard Stone, chairman of Stone. “The addition of Aviva Investors to our sub-advisory roster continues our commitment to offering our investors the best in both domestic and global money management.”
Aviva Investors is the global asset management business of Aviva plc. It operates in 16 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of almost $433 billion.