MONTREAL, Jan. 30, 2014 /CNW Telbec/ - Fiera Capital Corporation (TSX:
FSZ) ("Fiera" or "the Firm"), a leading Canadian investment management
firm, is pleased to announce the addition of the Fiera High Yield Bond
Fund (the "Fund") to its existing suite of fixed income strategies
available to institutional and private wealth investors.
"High yield bonds represent an attractive active investment solution in
the current environment for investors looking for the potential to
generate equity-like returns with less volatility, obtain higher
yields, and increase their portfolio diversification," said Sylvain
Roy, Chief Investment Officer and Executive Vice President, Alternative
Strategies at Fiera. "Historically, high yield funds have been
particularly resilient during periods of rising interest rates so the
time is right to add this complementary strategy to traditional fixed
income portfolios," added Mr. Roy.
Balancing the preservation of capital with yield enhancement
Available to accredited investors, the Fund will consist of conservative
high yield securities framed by strict risk control parameters.
Top-down and bottom-up approaches will be combined to pursue attractive
risk-adjusted returns through varying market environments.
Specifically, the investable universe will consist of securities rated
B and higher, and exclude all securities with a credit rating of CCC,
consistent with the portfolio management team's conservative approach
to credit analysis and securities selection. The U.S. market, which
presents vast investment opportunities, will be predominantly
represented in the portfolio. This U.S. market exposure will be hedged
for currency risk.
The Fund will be managed by Christopher Laurie and Derek Brown, both
senior portfolio managers at Fiera, and benefiting from a combined 36
years of investment experience.
"Thanks to the rigorous fundamental research and the depth of expertise
of our fixed income team, Fiera is well-positioned to offer the
potential for higher returns for investors looking to diversify their
portfolios while balancing the preservation of capital with yield
enhancement. We are pleased to further expand our fixed-income
strategies offering as we seek to continually anticipate and meet the
needs of our clients," added Sylvain Roy.
About Fiera Capital Corporation
Fiera Capital is a leading publicly traded, independent investment
management firm. The Firm is one of only a handful of full service,
multi-product investment firms in Canada, offering clients a proven top
tier track record in equity and fixed income management as well as
depth and expertise in asset allocation and alternative investments.
This document may contain certain forward-looking statements. These
statements relate to future events or future performance, and reflect
management's expectations or beliefs regarding future events, including
business and economic conditions and Fiera Capital's growth, results of
operations, performance and business prospects and opportunities. Such
forward-looking statements reflect management's current beliefs and are
based on information currently available to management. In some cases,
forward-looking statements can be identified by terminology such as
"may", "will", "should", "expect", "plan", "anticipate", "believe",
"estimate", "predict", "potential", "continue", "target", "intend" or
the negative of these terms, or other comparable terminology.
By their very nature, forward-looking statements involve inherent risks
and uncertainties, both general and specific, and a number of factors
could cause actual events or results to differ materially from the
results discussed in the forward-looking statements. In evaluating
these statements, readers should specifically consider various factors
that may cause actual results to differ materially from any
These factors include, but are not limited to, market and general
economic conditions, the nature of the financial services industry, and
the risks and uncertainties detailed from time to time in Fiera
Capital's interim and annual consolidated financial statements, and its
Annual Report and Annual Information Form filed on www.sedar.com. These forward-looking statements are made as of the date of this
document, and Fiera Capital assumes no obligation to update or revise
them to reflect new events or circumstances.
PDF available at: http://stream1.newswire.ca/media/2014/01/30/20140130_C6196_DOC_EN_36052.pdf
SOURCE: Fiera Capital Corporation
For further information:
Mélanie Tardif, CPA, CMA
Director, Corporate Communications and Investor Relations
Fiera Capital Corporation
Additional information relating to the Company, including the Company's annual information form, is on SEDAR at www.sedar.com.