OTTAWA, Sept. 21 /CNW Telbec/ - MD Funds Management Inc. (MDFM), the
manager of the MD Family of mutual funds, announced the unitholders of MD US
Large Cap Growth Fund and MD US Large Cap Value Fund voted strongly in favour
of the recommended changes to the investment objectives of the Funds. As a
result, MDFM will appoint the following Investment Advisors to the newly named
MD American Growth Fund, formerly the US Large Cap Growth Fund:
- Goldman Sachs Asset Management will remain and advise the
Fund primarily in respect of large capitalization growth securities.
- New Amsterdam Partners, LLC will advise the Fund primarily in respect
of large capitalization growth securities.
- Calamos Advisors, LLC will advise the Fund primarily in respect of
growth securities with a broad range of market capitalizations.
- Westfield Capital Management Company LLC will advise the Fund primarily
in respect of small capitalization growth securities.
In addition, the assets of the MD US Small Cap Growth Fund will be merged
with the assets of MD American Growth Fund after the close of business
Sept 21, 2007. Once the merger is completed the MD US Small Cap Growth Fund
will be closed.
With the approved change to the investment objectives, the MD Large Cap
Value Fund will be renamed to MD American Value Fund with Lord Abbett & Co.,
LLC continuing as the Investment Advisor for the Fund.
MDFM is confident these changes will enhance the diversification within
the funds and boost the potential for increased fund performance.
For further information:
For further information: Susan Murphy, Secretary, MD Funds Management,
Inc., (613) 731-8610, ext. 2330