CLI fund closes amid Fidelity changes

Professional Adviser
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The Canada Life International Fidelity Special Situations fund will temporarily close for new busine...

The Canada Life International Fidelity Special Situations fund will temporarily close for new business one week before the Fidelity portfolio splits in two on 18 September. The division of the portfolio into two separate funds will take place on 16 September and investors will be able to deal in either fund from the 18th. Like the Fidelity vehicle, the Canada Life mirror version will also split into two separate funds and investors will be able to choose between the existing Special Situations portfolio and the new global product. Initially, Canada Life considered offering investors ...

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