MONTREAL, June 13, 2012 /CNW Telbec/ - As manager of FÉRIQUE (Fonds
d'épargne et de retraite des ingénieurs du Québec) Funds, Gestion
FÉRIQUE announced today that Hexavest will become one of the three
portfolio advisers for FÉRIQUE EQUITY Fund. This change, effective on
or about June 29, 2012, will result in the termination of the mandate
of Fiera Capital Corporation, which had recently acquired Natcan
The responsibility for managing FÉRIQUE EQUITY Fund will be shared
equally between Hexavest Inc. and the two other portfolio advisers,
BlackRock Asset Management Canada Limited and Montrusco Bolton
Investments Inc., which have managed the Fund since, respectively, 2002
"Our EQUITY Fund was the first of our 10 funds to adopt a
multi-management structure that aims to combine the expertise of
several portfolio advisers with complementary styles. This is a recipe
that has served us well in the past and has been applied to most of our
investment products," explained Fabienne Lacoste, CFA, President and
CEO of Gestion FÉRIQUE. "Our goal is to better diversify the risk of
our funds through market cycles to protect capital and maximize
returns." added Ms. Lacoste.
Founded in 2004, Hexavest (www.hexavest.com) is an independent, Montreal-based firm that specializes in the
investment management of equities and tactical asset allocation. The
company manages over $10 billion in assets for more than 100 clients in
Canada, the United States, Asia and Europe. Hexavest uses a top-down
management approach that takes into account macroeconomic conditions,
with a favourable bias to a more defensive positioning.
"Hexavest was unanimously selected from a list of 180 candidates, mainly
due to the complementary style that it will bring to our trio of
managers," said Louis Lizotte, Director of Investments at Gestion
FÉRIQUE. "This choice also allows us to encourage a Quebec-based
company, a factor that we always consider in our selection process,"
added Mr. Lizotte. "Hexavest has an experienced team that has developed
a rigorous approach over time and proven itself in every economic
environment, particularly in difficult markets," concluded Mr. Lizotte.
As at May 31, 2012, FÉRIQUE EQUITY Fund's assets stood at more than $460
million. Launched in 1974, the Fund was recognized by the industry for
the second year in a row in 2012, winning the Lipper Award for Best
Canadian Equity Fund over five years. FÉRIQUE EQUITY Fund has a
management expense ratio of 0.84%, compared to 2.42% for the average
Canadian fund in the same class.
About the Lipper Awards
The Lipper Fund Awards are formally announced each year at ceremonies
which take place in 23 countries in Asia, Europe, MENA, and the
Americas. The Lipper Fund Awards are part of the Thomson Reuters Awards
for Excellence, a global family of awards that celebrate exceptional
performance throughout the professional investment community. The
Thomson Reuters Awards for Excellence recognize the world's top funds,
fund management firms, sell-side firms, research analysts and investor
relations teams. The Thomson Reuters Awards for Excellence include the
Extel Survey, StarMine Analyst and StarMine Broker Ranking Awards. For
more information, please contact email@example.com or visit excellence.thomsonreuters.com.
SOURCE Gestion Férique Inc.
For further information:
Manon Duhamel, Gestion FÉRIQUE, 514-840-9206 (Ext. 450), firstname.lastname@example.org