Changes at Qwest

Vancouver-based Qwest Investment Fund Management Ltd. recently announced changes to AlphaDelta Canadian Prosperity Class Fund. The fund’s investment objective has been changed to focus on equities issued by Canadian and foreign companies and, as a result, the fund has been renamed AlphaDelta Canadian Focused Equity Class. As well, the fund now is classed as a Canadian focused equity fund instead of as a Canadian small-cap equity fund. As well, the fund’s risk profile has changed from medium/high to medium. The fund’s management fees for A-class units have been reduced to 2% from 2.5%; for F-class units, the fee has been reduced to 1% from 1.5%. Advisor commissions for front-end sales are 0%-5%. Trailing commissions are 1% for front-end sales. Management fees are 2% for A-class units and 1% for F-class units. Minimum investment is $1,000.

(fcollie@investmentexecutive.com).