SEI changes U.S. Large Cap Synthetic Fund

By Staff | May 24, 2013 | Last updated on May 24, 2013
1 min read

SEI Investments Canada Company, a wholly owned subsidiary of SEI Investments Company, today announced that unitholders of the U.S. Large Cap Synthetic Fund have approved changes to the fund’s investment objectives, which was voted on at the special meeting of unitholders held on May 24, 2013, in Toronto.

The U.S. Large Cap Synthetic Fund, which will be renamed the U.S. Large Cap Index Fund, will aim to achieve a return that is similar to the performance of the S&P 500 Index. To accomplish its investment objective, the fund will seek to replicate the performance of the S&P 500 Index by investing primarily in securities listed in the S&P 500 Index and will generally give the same weight to a given stock as the S&P 500 Index does.

The changes will be implemented on or about July 15, 2013. The U.S. Large Cap Synthetic Fund is a Canadian-based fund; this vote does not impact U.S.-based fund holders of SEI funds.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.