iA Investment Management (iAIM) has announced a portfolio advisory change for the Asian Pacific (Dynamic) Fund, which will now be named Asian Pacific (iAIM).
As of January 16, 2023, the new portfolio manager will be Sébastien Vaillancourt, Senior Director, Portfolio Manager, Quantitative Equities and he will work in close collaboration with Matthew Kurbat, Consultant, Research Leadership, Quantitative Strategies.
Sébastien and Matthew already manage several international funds and international components of global iA funds.
Important notes:
- In January 2023, a note will be added to the 2022 year-end statements to advise clients who hold the Asian Pacific (Dynamic) Fund.
- Clients will automatically benefit from a decrease of approximately 0.20% in the management expense ratio (MER) associated with the Asian Pacific (iAIM) Fund. The MER will be adjusted in the first 2023 update of the Fund Codes and Management Expense Ratios (F13-1000A) document.
- No action is required on your part or on the part of the client holding the Fund.
- There is no change to the existing fund codes.
- The Fund remains available in the same series and products, without limitations.
- The Fund remains a specialty fund.
- For non-registered contracts, this change could result in a taxable capital gain or loss when the change takes effect on January 16, 2023. This gain or loss will be declared on tax slips (federal: T3, Quebec: Relevé 16) issued for the 2023 tax year.
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Sébastien Vaillancourt, MSc, CFA |
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Matthew Kurbat, PhD, CFA |
More details will follow in January regarding the management team and the investment approach.
iA Financial Group is committed to ensuring that its fund lineup meets the needs of investors and we firmly believe that this change will help to optimally position it to meet the evolving opportunities and challenges of a complex market environment.
