TORONTO, ONTARIO -- (Marketwire) -- 01/25/13 -- Sentry Investments ("Sentry") announced today that it is changing the names of Sentry Diversified Total Return Fund and Sentry Diversified Total Return Class to Sentry Diversified Equity Fund (the "Fund) and Sentry Diversified Equity Class (the "Class), respectively. The objectives, strategies and other attributes of the Fund and the Class remain the same.
Sentry has also appointed Vice-President and Senior Portfolio Manager Michael Simpson as the lead manager for the renamed Fund and Class. Effective immediately, we regret to announce that the previous manager, John Kim, is no longer with Sentry.
Michael Simpson is the lead manager of several equity products, including Sentry Canadian Income Fund and Sentry Canadian Income Class which have a combined AUM (assets under management) of $2.9 billion. He also co-manages Sentry Conservative Balanced Income Fund and Sentry Conservative Balanced Income Class with fixed-income manager James Dutkiewicz.
Michael is a two-time Brendan Wood International Canadian TopGun Award winner and was recently honoured at the 2012 Morningstar Canadian Investment Awards when Sentry Canadian Income Fund was recognized as the Best Canadian Dividend & Income Equity Fund. Michael is also a senior member of the Sentry equity team that was recognized as Canada's Best Equity Funds Group at the 2011 and 2012 Lipper Fund Awards.(1)
"We are very pleased to appoint Michael as lead manager for these funds," said Dennis Mitchell, Executive Vice-President and Chief Investment Officer. "Michael has been with Sentry since 2002 and has a tremendous record of investment success. This appointment provides an opportunity for Michael to apply Sentry's unique and proven investment philosophy to funds with a broader investment mandate than our Canadian equity income products."
Sentry Investments is a Canadian asset management company with approximately $9 billion in assets under management on behalf of Canadian investors. Sentry Investments offers a diverse range of investment products including mutual funds and flow-through limited partnerships. Sentry Investments was recognized as Canada's Best Equity Funds Group at the 2011 and 2012 Lipper Fund Awards(1) and is one of only three firms to receive four consecutive Brendan Wood International TopGun Asset Management Team Awards (2009 to 2012).
(1) Lipper and Lipper corporate marks are proprietary trademarks of Lipper, a Thomson Reuters Company. © 2013 Thomson Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content is expressly prohibited without the prior written consent of Thomson Reuters.
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Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect," "intend," "will" and similar expressions to the extent they relate to Sentry. The forward-looking statements are not historical facts but reflect Sentry's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although Sentry believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Sentry undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. For a complete disclosure record of the Sentry Group of Funds, please visit their profiles at www.sedar.com.
Sentry Investments Inc.Commerce Court West199 Bay Street, Suite 4100P.O. Box 108Toronto, ON M5L 1E2Tel: 416-364-9297Fax: 416-364-1197
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