Home Breadcrumb caret Industry News Breadcrumb caret Industry Universitas rebrands, adds to portfolio diversification The RESP dealer, now known as Kaleido, will invest in additional asset classes By Staff | October 31, 2019 | Last updated on October 31, 2019 1 min read © Sorin Alb / 123RF Stock Photo Earlier this week, Quebec City-based Universitas rebranded as Kaleido. On Thursday, the RESP dealer announced that its education savings plans now have access to a broader range of investments. In a release, Kaleido said the Autorité des marchés financiers (AMF) has granted it an exemption allowing it to invest scholarship plan assets in bonds issued and guaranteed by the U.S. government, in addition to corporate bonds, mortgage-backed securities, Canadian and U.S. equities, and index participation units, among other asset classes. Kaleido will amend the investment policy of its Reflex, Universitas and Individual plans to incorporate the new asset classes permitted under the exemption. It will also adjust each plan’s investment strategy. The AMF exemption and the revised investment policy will come into effect in December, when plan prospectuses are renewed. Kaleido is an RESP dealer serving clients in Quebec and New Brunswick. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo