BPI CREATES ADDITIONAL MUTUAL FUNDS BPI
By Adnews Staff
Mutual Funds of Toronto added three new funds to its portfolio this week. They are called Canadian Mid-Cap, Income & Growth and International Equity Value. Canadian Mid-Cap will invest primarily in a diversified portfolio of equity securities of Canadian companies with a market capitalization of between $250 million and $1.25 bilion. Income & Growth will invest in both equities and fixed income securities. Equity investments will target Toronto Stock Exchange 300 issues which produce a divident yield in excess of 150% above the TSE 300 index. Fixed income invesments will consist of Canadian federal and provincial government issuers and high-graded corporate bonds. The International Equity Value Fund will invest in high quality, large cap equities outside of Canada and the U.S. Initially, advertising for the funds will consist of brochures created by Simpson, Gilbert, Chambers of Sackville, New Brunswick. They will be incorporated into other advertising at a future date.