Canoe Financial will implement a portfolio manager change for certain funds by September 1, 2013, subject to regulatory approval.
Robert Taylor, senior vice president of Canoe Financial, will assume portfolio management responsibilities for:
- EnerVest Diversified Income Trust
- Canoe Canadian Monthly Income Class
- Canoe Canadian Asset Allocation Class
- Canoe Canadian Equity Class;
- and Canoe Capital Appreciation Class.
Bob Haber, CFA, previously managed these funds through Haber Trilix Advisors, but he’s retiring from the Canadian mutual fund industry. The investment objectives and strategies of these funds remain unchanged.
Taylor was directly responsible for managing more than $4 billion in assets in his previous position as the vice president and portfolio manager of Canadian Equities at BMO Global Asset Management. He managed the bank’s Asset Allocation Fund, Equity Fund, Educators Growth Fund, Resource Fund and Global Energy Fund.
Meanwhile, the EnerVest Diversified Income Trust will continue to pay a $0.10 per unit monthly distribution. Record, payment and ex-distribution dates for each distribution will continue to be provided via news release on a monthly basis.