Le Lézard
Classified in: Business
Subject: OFR

SEI Canada Will Add to Fee-Based Offering and Make Changes to a Selection of Funds


TORONTO, May 28, 2021 /CNW/ -- SEI Investments Canada Company (SEI Canada), a wholly-owned subsidiary of SEI Investments Company (NASDAQ:SEIC), today announced changes to a selection of funds.

SEI Canada intends to launch a new class of units for Canadian Fixed Income Fund, Emerging Markets Equity Fund and International Equity Fund and make closures to a selection of fund classes. Details of these expected changes are disclosed in the preliminary and pro forma filing of the Simplified Prospectus dated May 27, 2021.

The launch of the three funds in Class FC will bring additional options to SEI Canada's cost-efficient fee-based offering which, upon launch, will total seven Strategic Asset Allocation Funds and five Asset Class Funds. The Class FC offering is currently available to a select group of SEI's strategic distribution partners.

"At a time when regulators, dealers and investors are focused on transparency and value, we are excited to make our diversified, manager-of-managers solutions available through our dealer partners who truly emphasize a client-first approach", said Andy Mitchell, Managing Director of SEI Canada.

The changes will be effective upon the filing of SEI Canada's final simplified prospectus, expected to occur on or about June 29, 2021. No changes will be made to any of these funds' investment objectives or strategies.

Fund Classes to be launched:

Fund Classes to be closed:

More information on the fund class changes and the closure of specific classes can be found in the preliminary and pro forma simplified prospectus referenced above.

About SEI Canada 
SEI founded its Canadian business in 1983, pioneering innovative asset management techniques for institutional investors. Today, SEI offers integrated investment management and strategic advice solutions to help institutional investors achieve their organizational goals and fulfill fiduciary responsibilities. Capitalizing on its investment expertise, SEI began offering investment solutions to retail investors through investment advisors in 1994. The investment approach provides multi-manager, globally diversified strategies with an appropriate home-country bias for Canadian retail investors. SEI's goals-based strategies, strategic asset allocation strategies and asset class funds are available through select dealer relationships. For more information, visit seic.com/en-CA.

About SEI
After 50 years in business, SEI (NASDAQ:SEIC) remains a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2021, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $1 trillion* in hedge, private equity, mutual fund and pooled or separately managed assets, including approximately $384 billion* in assets under management and $836 billion* in client assets under administration. For more information, visit seic.com.

*Figures are in US dollars

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Company/Media Contact:  
Leslie Wojcik
SEI
+1 610-676-4191
[email protected]

SOURCE SEI Investments Company


These press releases may also interest you

at 08:15
Maverix Medical, a dedicated lung cancer platform established by Ajax Health, KKR, and Hologic, Inc., today announced the acquisition of Cirrus Bio for an undisclosed amount....

at 08:03
The American Red Cross celebrates The Church of Jesus Christ of Latter-day Saints, headquartered in Salt Lake City, for its substantial donation of $7.35 million. The gift will help purchase blood equipment and biomedical emergency vehicles and will...

at 08:00
Bidpath Inc., a leading provider of global online auction software, proudly announces the launch of AuctionPay, a cutting-edge payments platform designed to revolutionize auction payments. With a focus on efficiency, security, and user-centric...

at 08:00
SC Ventures, Standard Chartered's innovation, fintech investment and ventures arm, is leading a ?12 million (USD $13 million) Series A round for distributed cloud provider Hive, to increase access to sustainable, high-powered computing resources for...

at 08:00
Callon Petroleum Company ("Callon" or the "Company") today announced the expiration and final tender results of its previously announced cash tender offers (the "Offers") for any and all of its 8.000% Senior Notes due 2028 (the "2028 Notes") and any...

at 08:00
The parties in Severa, et al. v. Solvay Specialty Polymers USA, LLC, et al., announce that Judge Noel Hillman of the United States District Court for the District of New Jersey has preliminarily approved a class action settlement. The hearing on...



News published on and distributed by: