Tuesday, June 8, 2010

Meritas launches new fund-of-funds

Meritas Mutual Funds recently launched the Meritas Balanced Growth Portfolio Fund, the SRI mutual fund company’s second fund-of-funds.

Meritas Balanced Growth Portfolio Fund’s target is a 65%/35% equity/fixed income and money markets split.

It will invest in other Meritas mutual funds based on the following benchmarks:

-- Meritas Money Market Fund 2%
-- Meritas Canadian Bond Fund 33%
-- Meritas Jantzi Social Index Fund 35%
-- Meritas U.S. Equity Fund 15%
-- Meritas International Equity Fund 15%

Meritas notes that the new fund will be automatically rebalanced when an investment has deviated from its benchmark by more than 2.5%.

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