Tradex changes subadvisor on bond fund

Tradex Management has named Foyston, Gordon & Payne Inc. as the new portfolio manager of the Tradex Bond Fund, replacing TD Asset Management, effective March 1, 2011.

Tradex will also hold a special meeting of the bond fund’s unitholders to vote on changes to the mandate’s investment objectives. These changes would allow up to 30% of the portfolio to be invested in income producing equity securities. That meeting will be held April 27, 2011.

If the change is approved, the new investment objectives will become effective immediately following the meeting.

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