SEI (NASDAQ:SEIC) has launched of two new Canadian Asset Allocation Funds designed to allow investors to tap into Canadian economic growth, which is expected to accelerate in the months ahead.

The Canadian Focused Balanced Fund and Canadian Focused Growth Fund invest in Canadian equities and fixed income, limiting foreign investment.

“The new Canadian focused Asset Allocation Funds demonstrate SEI’s commitment to meeting the needs of Canadian investors,” said Janesse McPhillips, managing director of SEI Private Banking. “The Funds allow investors to take advantage of the Canadian economy, which is poised for growth.”

The SEI Canadian Focused Balanced Fund has a mix of approximately 50% fixed income and 50% equity securities. It limits foreign investments to approximately 10% and provides currency hedging through an investment in the U.S. Large Company Fund.

The SEI Canadian Focused Growth Fund has a mix of approximately 20% fixed income and 80% equity investments. It limits foreign investments to approximately 20% and provides currency hedging through investments in the U.S. Large Company Equity Fund and the U.S. Small Company Equity Fund.

“The funds help manage risk by offering currency hedging against U.S. Dollar holdings,” explained McPhillips. “This helps to minimize the impact of currency fluctuations on returns.”

IE