OTTAWA, April 22, 2016 /CNW/ - MD Financial Management Inc. (MD), a wealth management organization owned by the Canadian Medical Association, today announced changes to two funds. These amendments were approved on April 20, 2016, by the MD Financial Management Inc. Board of Directors.
- MD American Growth Fund is adding Janus Capital Management LLC as an asset manager. Janus joins existing managers Jensen Investment Management and CIBC Asset Management.
- MDPIM US Equity Pool is also adding Janus Capital Management LLC as an asset manager. Janus joins existing managers Jensen Investment Management; Barrow, Hanley, Mewhinney & Strauss, LLC; Fiduciary Management Inc.; and CIBC Asset Management.
"Our goal is to offer strong-performing, competitive funds to help our clients—Canadian physicians—meet their financial objectives," said Craig Maddock, Senior Portfolio Manager and Vice President, Investment Management at MD. "These changes are a normal part of our ongoing fund management process. The aim is to position our funds to achieve our expected level of return while at the same time managing risk."
He added, "We chose Janus Capital Management LLC to advise us on the MD American Growth Fund and MDPIM US Equity Pool using MD's patent-pending fund management process, MD PrecisionTM. Janus has a truly experienced investment team. They conduct in-depth research to find businesses with attractive revenue growth opportunities that generate high returns on capital."
For more information, please contact an MD Advisor or call the MD Trade Centre at 1 800 267-2332.
MD Financial Management Inc. wholly owns or has a majority interest in its seven subsidiaries (the MD Group of Companies). It provides financial products and services, is the fund manager for the MD Family of Funds and offers investment counselling services. For a detailed list of the MD Group of Companies, visit md.cma.ca.
MD Precision™ is a trademark of the Canadian Medical Association, used under licence.
About MD Financial Management
Owned by the Canadian Medical Association, MD has the only business imperative to enhance physicians' financial outcomes by focusing on their distinctive needs and operating in their best interests.
MD has more than $40 billion in assets under administration and is dedicated to serving Canada's physicians and their families. MD provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit md.cma.ca.
SOURCE MD Financial Management Inc.
For further information: Media Contacts: Maria Grant, Lead, External Communications, MD Financial Management, email@example.com, 613 809-0657; Deborah Thompson, DT Communications, firstname.lastname@example.org, 416 918-9551