Bringing you live news and features since 2006 

Announcement

Marquest sells mutual funds to Stone Investment Group

RELATED TOPICS​

Marquest Asset Management is to sell 14 of its retail mutual funds to Stone Investment Group.

The funds to be sold are: Marquest Monthly Pay Fund; Marquest American Dividend Fund; Marquest Covered Call Canadian Bank Plus Fund; Marquest Global Balanced Fund; Marquest Monthly Pay Fund – Corporate Class; Marquest American Dividend Growth Fund – Corporate Class; Marquest Covered Call Canadian Bank Plus Fund – Corporate Class; Marquest Canadian Resources Fund; Marquest Small Companies Fund; Marquest Canadian Bond Fund; Marquest Canadian Fixed Income Fund; Marquest Money Market Fund; and Marquest Canadian Resource Fund – Corporate Class; Marquest Short Term Income Fund – Corporate Class.
 
The transaction is expected to close on 31 August 2018, subject to the receipt of regulatory and securityholder approvals. An information circular will be mailed to securityholders of the Funds in the near future.
 
“Stone could not be more excited about this acquisition because many of these Funds are an excellent complement to our firm’s Pure Total Return and Pure Growth mandates,” says Stone Founder and Chief Executive Officer, Richard Stone. “Through our firm’s disciplined investment process, we can create additional value for investors and advisors by expanding Stone’s fund family within a framework that aligns with our values and expertise.”

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by