OTTAWA, June 20, 2014 /CNW/ - MD Physician Services Inc. (MD), a Canadian Medical Association (CMA)-owned financial management organization, today announced that, as a result of an annual risk review for MD funds, it is changing the risk rating disclosure of the MD Dividend Income Fund from "medium to high" risk, to "medium" risk. The change will be reflected in the Simplified Prospectus dated June 20, 2014. The investment objectives and strategies of the Fund remain unchanged.
MD follows a risk classification methodology based on the approach recommended by the Investment Funds Institute of Canada using both quantitative and qualitative considerations conducted on an annual basis. MD's methodology also considers the annual predicted return and annual predicted volatility of the different asset class benchmarks and their relative allocation within each of the MD Funds, MD Precision Portfolios™ and MDPIM Pools.
About MD Physician Services
MD Physician Services, with more than $36 billion in assets under administration, is a wholly-owned subsidiary of the Canadian Medical Association. MD is dedicated to serving physicians and their families. MD Physician Services provides financial products and services, the MD family of mutual funds, private investment counselling services and practice management services through the MD Group of companies. For a detailed list of these companies, visit mdm.cma.ca.
SOURCE: MD Physician Services Inc.
For further information: Media Contacts: Maria Grant, Communications Manager, MD Physician Services Inc., firstname.lastname@example.org, 613-809-0657; Deborah Thompson, DT Communications, email@example.com, 416-918-9551