VANCOUVER, Oct. 1, 2013 /CNW/ - OceanRock Investments Inc. ("OceanRock")
announced today that it has successfully transitioned the Canadian
equity allocation of the Meritas SRI Funds managed portfolio solutions
to the Meritas Monthly Dividend and Income Fund.
"This transition is part of OceanRock's ongoing efforts to provide value
to our investors and offer the most compelling investment solutions. It
also reinforces the strengths of our sub-adviser research and
monitoring process," said Fred Pinto, CEO, OceanRock Investments Inc.
The Meritas Monthly Dividend and Income Fund is sub-advised by
Jarislowsky Fraser Limited ("JFL"). This enhancement capitalizes on
JFL's core capabilities of effectively providing exceptional income and
capital preservation solutions to investors.
"We believe this change has the potential to enhance portfolio returns,
while preserving capital," said Manmeet Bhatia, chief investment
officer, OceanRock Investments Inc. "Given the current and expected
moderate return environment, we believe that actively managed
strategies, such as the one employed by JFL, will deliver consistent
performance for our investors."
This portfolio position was previously held by the Meritas Jantzi Social
Index® Fund, which OceanRock will continue to offer as stand-alone investment.
OceanRock remains confident in both the screening and security
selection process for the Jantzi Social Index®. Sustainalytics, the provider of the Jantzi Social Index®, continues to be the primary provider of ESG screening and analysis for
This change takes effect immediately.
About Jarislowsky Fraser Limited
Jarislowsky Fraser Limited ("JFL") is a registered investment counseling
firm, managing pension funds, endowment funds, corporate and private
portfolios for clients in North America and overseas. JFL's equity
style emphasizes long-term growth at a reasonable price (GARP), with a
focus on large capitalization stocks. JFL believes that long-term value
and earnings growth can be found by investing in companies capable of
perpetuating earnings growth over the entire economic cycle. Stocks are
purchased when discounted to what JFL assesses as fair value and sold
when they become overvalued relative to their long-term fundamental
About OceanRock Investments Inc.
OceanRock Investments Inc. ("OceanRock") is one of Canada's
fastest-growing investment management organizations, offering a full
range of managed portfolio solutions and individual funds to meet the
needs of individual and institutional investors. OceanRock is dedicated
to offering disciplined, risk-controlled diversified investment
solutions to Canadian individual and institutional investors and has a
core commitment to socially responsible investing (SRI) through its
Meritas SRI Funds.
OceanRock Investments Inc. is a wholly owned subsidiary of Qtrade
Financial Group, a national, award-winning integrated financial
services company with more than $8 billion in assets under management
and administration. Since 1999, Qtrade Financial Group has provided
wealth management services to the retail public and the customers of
more than 180 financial institutions, including credit unions, banks,
trust companies and financial planning companies, across Canada.
SOURCE: Qtrade Financial Group
For further information:
Vice President, Marketing &
Qtrade Financial Group