Matrix switches advisor

Toronto-based Matrix Asset Management Inc., the portfolio manager of Matrix mutual funds, has announced that it will become the portfolio advisor for three funds – Matrix Covered Call Canadian Banks Plus Fund (Corporate Class), Matrix Dow Jones Canada High Dividend 50 Fund (Corporate Class) and Matrix S&P/TSX Canadian Dividend Aristocrats Fund Corporate Class – replacing Seamark Asset Management Ltd., which had acted as subadvisor on these funds. The change was made as part of the consolidation of portfolio-management services into Matrix Asset Management, which is an affiliate of Seamark.

(cohara@investmentexecutive.com).