Natixis Global Asset Management Canada (Natixis Canada) is to cap all ultra high net worth series of the NexGen funds and they will no longer be offered for sale.
Also effective immediately, all series of the capital gains classes of each NexGen fund offering such class will also be capped and will no longer be offered for sale.
Current investors can continue to hold their investment in the ultra high net worth series and in each series of the capital gains classes.
Natixis Canada offers several investment options for its NexGen funds, including series of the compound growth class, which could provide investors with similar results to investing in the capital gains class.
The decision to cap these series was made because of the relatively small number of security-holders holding these series. These caps will also help to streamline the line-up of series offered by Natixis Canada.
