Business News • MarketWire • Hesperian Announces Investment Objective Change for Norrep Global Class and Lowering of Mutual Fund Risk Ratings for Norrep Global Class, Norrep High Yield Class and Norrep Short Term Income Fund |
Hesperian Announces Investment Objective Change for Norrep Global Class and Lowering of Mutual Fund Risk Ratings for Norrep Global Class, Norrep High Yield Class and Norrep Short Term Income Fund |
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Hesperian Announces Investment Objective Change for Norrep Global Class and Lowering of Mutual Fund Risk Ratings for Norrep Global Class, Norrep High Yield Class and Norrep Short Term Income Fund
CALGARY, ALBERTA--(Marketwired - June 20, 2014) - Hesperian Capital Management Ltd. ("Hesperian"), the manager of a strategically focused group of public mutual funds and limited partnerships (the "Norrep Group of Funds"), announced today that it has received shareholder approval to change the investment objective of Norrep Global Class of Norrep Opportunities Corp. ("Norrep Global Class"). The change to the investment objective (the "Investment Objective Change") was approved at a special meeting of shareholders of Norrep Global Class held earlier today and will be effective as of June 20, 2014. The new investment objective allows Norrep Global Class to invest in a broader range of global equity securities, permitting the fund to invest in companies with the strongest prospects, as determined by Hesperian, and those with a larger market capitalization. The benchmark index for Norrep Global Class has also been changed from S&P Developed Small Cap Total Return Index in Local Currencies to MSCI World Index (net).
View More : http://www.marketwired.com/mw/release.do?id=1923057&sourceType=3
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