Calgary, AB (PRWEB) September 24, 2009 -
September 24, 2009: Titan Funds Incorporated (Titan Funds) today announced unitholder approval of a resolution confirming the merger of the Titan Aggressive Equity Portfolio into the Titan Growth Portfolio, resulting in the Titan Growth Portfolio as the continuing fund. The merger is expected to be effective on or about October 1, 2009.
Purchases or transfers into the Titan Aggressive Equity Portfolio in connection with pre-authorized chequing plans or systematic transfer plans will continue into the Titan Growth Portfolio after the merger. The Titan Growth Portfolio, Titan Balanced Growth Portfolio, Titan Balanced Portfolio, Titan Balanced Income Portfolio and Titan Money Market Fund all remain open to new purchases.
The Titan Growth Portfolio seeks to generate long term capital growth and invests primarily in units of the CC&L Growth Portfolio, which employs equity securities to provide capital growth and opportunistically employs fixed income investments to limit overall variability of returns.
Titan Funds employs the Connor, Clark & Lunn Asset Allocation Team to actively manage the asset allocation of Titan Managed Portfolios, including the Titan Growth Portfolio. Titan Managed Portfolios offer a single ticket investment solution providing diversification by asset class, investment manager, investment style, market capitalization, and geographic region. This single ticket approach frees up advisors' time as the investment management portion of their services is actively managed within the Titan Managed Portfolios.
Within the Titan Growth Portfolio, unitholders will continue to benefit from the active asset allocation process employed by the Connor, Clark & Lunn Asset Allocation Team which actively manages the asset allocation of the Portfolios, constantly monitoring, and when needed, adjusting the asset mix to take advantage of, or protect against, current and approaching trends in the domestic and global markets.
About Titan Funds Incorporated: Established in June 2007, Titan Funds offers Titan Managed Portfolios, a suite of structured, optimally-balanced portfolios with a unique active approach to rebalancing that is designed to meet the needs of most investors. Titan Funds has partnered with Connor, Clark & Lunn Private Capital Ltd., who actively manages the asset allocation of the Titan Managed Portfolios. Connor, Clark & Lunn Financial Group is Canada's only multi-boutique asset management firm with approximately $32 billion in assets under management as at August 31, 2009. Titan Managed Portfolios are available exclusively through Partners In Planning Financial Services Ltd. and other selected dealers.
To learn more, please visit http://www.titanfunds.ca.