Four FERIQUE funds pass the 35-year mark



    
    A rare achievement for a Canadian mutual fund
    

    MONTREAL, Aug. 31 /CNW Telbec/ - Four FERIQUE Funds (Short-Term Income,
Bond, Equity and Balanced) have just celebrated 35 years in operation, a
milestone that puts them in a select club in the investment world.
    The achievement is all the more remarkable given that the median age of
mutual funds in Canada is estimated at barely 4.5 years, according to the
PALTrak survey (owned by Morningstar Research Inc.) at July 31, 2009. That
sets these four FERIQUE Funds apart from no fewer than 4,722 other funds
operating in the country.
    FERIQUE Funds were established in 1974 by the Ordre des ingénieurs du
Québec to offer members a unique approach to investing, along with exclusive
tools to help them build financial success. Of the four fund families for
professionals currently operating in Quebec, FERIQUE was the very first.
    "Some of our clients have been investing with us since the very
beginning," notes Pierre Desjardins, Chairman of Gestion FERIQUE. "Thirty-five
years is a great accomplishment that illustrates the kind of confidence
engineers have in our organization," adds Mr. Desjardins.
    Over those 35 years, the four funds have also performed most
impressively: the FERIQUE Short-Term Income Fund has earned investors a 6.8%
return, the Bond Fund, 8.6%, the Equity Fund, 10.8% and the Balanced Fund,
8.6% (annualized returns since inception, as at July 31, 2009). Over a 25-year
horizon, these four funds all rank in the top decile of the industry.
    "On average, more than 300 mutual funds are created and terminated every
year in Canada," says Fabienne Lacoste, Executive Director of Gestion FERIQUE.
"Funds that perform poorly or have little success are often closed or merged
after a certain amount of time, and their performance history is no longer
available for comparison purposes. Thus, the longer the period over which
returns are compared, the more you are comparing with the cream of the crop,
or at least with the 'survivors'," concludes Ms. Lacoste.

    About Gestion FERIQUE

    Founded on January 1, 2000, Gestion FERIQUE (www.ferique.com) manages the
FERIQUE Funds, launched in 1974 by the Ordre des ingénieurs du Québec. FERIQUE
is the only not-for-profit mutual fund company in Canada whose sole purpose is
to serve the interests of engineers and their families. The firm offers eight
mutual funds diversified across all asset classes. Management of the funds is
entrusted to renowned investment firms which are hand-picked by Gestion
FERIQUE, based on their superior asset class expertise. FERIQUE Funds have
more than $1.2 billion in assets under management and nearly 23,000 clients.




For further information:

For further information: Caroline Couillard, (514) 289-8688, ext. 233,
C. (514) 755-5729


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890