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Acuity Funds merges two clean environment equity funds to improve liquidity and cut costs.
Acuity Funds Ltd. plans to merge its Clean Environment Global Equity Fund into the Clean Environment Equity Fund to boost liquidity and cut costs, while also adjusting investment objectives for the Growth & Income and Income Trust Funds to include long and short strategies.
The firm, now part of AGF Management Ltd., has seen strong performance from its clean environment fund, though fees and turnover have drawn scrutiny.
Acuity's CEO donated to establish the Ihnatowycz Institute for Leadership at the Ivey School of Business, and the company secured a sustainable investment mandate from CalSTRS.
Meanwhile, Purpose Investments is merging two structured equity yield funds into one, set for completion around November 23.
Acuity Funds fusiona dos fondos de capital de medio ambiente limpio para mejorar la liquidez y reducir los costos.