NU Online News Service, July 21, 2003, 5:02 p.m. EDT – Standard Life Mutual Funds Ltd., Montreal, has introduced the E-Series of managed investment programs.
Standard Life is aiming the program at Canadian investors who can deposit at least $100,000 in Canadian currency.
The company already has a program in place aimed at investors who can deposit at least $250,000.
Managers of the new program will base their investment decisions on one of four off-the-shelf asset-allocation portfolios. The managers will be responsible for monitoring and rebalancing the portfolio, to make sure that the investments match the investor’s investment strategy, Standard Life says.
Standard Life is a unit of Standard Life Assurance Company, Edinburgh, Scotland.