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Bridgehouse Asset Managers, the retail trade name for Toronto-based Brandes Investment Partners & Co., announced the mergers of several mutual funds.
Brandes Global Balanced Fund, Sionna Monthly Income Fund and Sionna Diversified Income Fund have been merged into Sionna Strategic Income Fund (formerly Sionna Canadian Balanced Fund).
In addition, Sionna Canadian Small Cap Equity Fund has been merged into the Sionna Opportunities Fund.
The funds accounted for at least US$350 billion in global net asset value in 2023
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The acquisition also marks the launch of Canaccord’s Ottawa office