{"url":"https://newsforagent.com/news/2026-10-30/canada-life-counsel-fund-merger-approval","markdown_url":"https://newsforagent.com/news/2026-10-30/canada-life-counsel-fund-merger-approval.md","title":"Canada Life Fund Merger Clears Investor Vote","headline":"Canada Life Investors Approve Counsel U.S. Growth Fund Merger and Objective Changes","description":"Canada Life Investment Management investors approved merging Counsel U.S. Growth Equity into Counsel U.S. Growth, effective November 13, 2026.","section":"Mergers & Acquisitions","published_at":"2026-10-30T20:27:24+00:00","modified_at":"2026-10-30T20:27:24+00:00","author":"News Desk","key_takeaways":["Investors approved merging Counsel U.S. Growth Equity into Counsel U.S. Growth, effective on or about November 13, 2026.","Counsel Short Term Bond becomes Counsel Laddered Bond on or about November 20, 2026, shifting to global laddered bonds.","Canada Life Diversified Fixed Income Portfolio becomes a pool on or about November 23, 2026, with PIMCO Canada Corp. as sub-advisor."],"companies":[{"name":"Canada Life Investment Management","is_primary":true,"profile_url":null,"website":"https://www.canadalife.com"}],"source":{"publisher":"Newswire","title":"Canada Life Investment Management Ltd. announces results of special meetings on fund merger and investment objective changes","url":"https://www.newswire.ca/news-releases/canada-life-investment-management-ltd-announces-results-of-special-meetings-on-fund-merger-and-investment-objective-changes-804890911.html"},"other_sources":[],"tags":["Mergers & Acquisitions","Canada Life Investment Management"],"body_markdown":"Canada Life Investment Management Ltd. Investors approved a fund merger and several investment objective changes at special meetings held on October 30, 2026, Newswire [reported](https://www.newswire.ca/news-releases/canada-life-investment-management-ltd-announces-results-of-special-meetings-on-fund-merger-and-investment-objective-changes-804890911.html). The merger combines Counsel U.S. Growth Equity into Counsel U.S. Growth. Canada Life Investment Management is an investment management firm offering wealth management products and services for individuals, families and business owners, and a subsidiary of The Canada Life Assurance Company.\n\n## Canada Life's Counsel U.S. Growth Merger\n\nThe terminating fund is Counsel U.S. Growth Equity and the continuing fund is Counsel U.S. Growth. The merger is expected to be effective on or about November 13, 2026. The changes were previously announced on September 9, 2026.\n\nFive funds also received approval for investment objective changes. Counsel Short Term Bond moves on or about November 20, 2026, from investing primarily in Canadian fixed income securities to fixed income securities of issuers anywhere in the world, with a strategy focused on global bonds laddered into groupings with staggered maturity dates; it will be renamed Counsel Laddered Bond.\n\nCounsel Monthly Income Portfolio changes on or about November 20, 2026, to a combination of equity and fixed income securities of issuers anywhere in the world, seeking a moderate level of income while preserving capital and liquidity. Its asset mix moves to 40%-60% equity and 40%-60% fixed income from 45%-65% equity and 35%-55% fixed income.\n\nCanada Life Diversified Fixed Income Portfolio changes on or about November 23, 2026, to a diversified portfolio of global fixed income securities, is renamed Canada Life Diversified Fixed Income Pool, and sees its risk rating rise from low to low-to-medium. PIMCO Canada Corp. Assumes sub-advisory responsibility.\n\nCounsel Global Real Estate changes on or about January 25, 2027, to a broader portfolio of real assets seeking long-term capital growth and maximized real returns during inflationary environments. It is renamed Counsel Diversified Real Assets, Cohen & Steers Capital Management, Inc. Becomes sub-advisor, and the risk rating falls from medium to low-to-medium.\n\nCanada Life Foreign Equity Fund changes on or about January 25, 2027, removing the emerging markets restriction and protection of capital, with its risk rating rising from low-to-medium to medium.\n\n## Earlier Canada Life Fund Changes\n\nCanada Life Investment Management announced reduced management fees and updated Management Fee Reduction rates for select Counsel Portfolios effective November 2, 2026, applying to Counsel ETF, Visio and Strategic Portfolios, with no investor paying a higher net fee, Newswire reported.\n\nOn September 29, 2026, the firm announced risk rating changes for three mutual funds, downgrading the Emerging Markets Large Cap and Sustainable Emerging Markets funds to Medium, the Financial Post reported.\n\nCanada Life Investment Management changed sub-advisors and investment strategies for two mutual funds effective May 12, 2026, Newswire reported.\n\n## Canada Life's January 2027 Effective Dates\n\nThe Counsel Global Real Estate and Canada Life Foreign Equity Fund objective changes take effect on or about January 25, 2027. The firm's fund information is available on [its website](https://www.canadalife.com).\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}