Professionals' Fund Group announces changes to its family of mutual funds



    MONTREAL, Aug. 19 /CNW Telbec/ - Professionals' Fund Group today
announced the repositioning of its Professionals' Asian Equity Fund and the
creation of the Professionals' Emerging Markets Equity Fund, both of which are
aimed at delivering long-term investor benefits.

    Repositioning: Professionals' Asian Equity Fund

    The Professionals' Asian Equity Fund retains the same objective, namely
medium- to long-term capital growth through investment in a diversified
portfolio of common shares of Asian companies. As a result of its
repositioning, the Fund will invest in companies listed on the stock exchange
in Japan as well as in the entire Pacific Basin, particularly Australia,
Hong Kong, Singapore, China, Malaysia, South Korea and Taiwan. The Fund's
annual management fees will be reduced to 1.15%, making them among the lowest
in Canada.

    New: Professionals' Emerging Markets Equity Fund

    In the coming weeks, Professionals' Fund - Mutual Funds Inc.
(Professionals' Fund) will add an 11th fund to its family of mutual funds: the
Professionals' Emerging Markets Equity Fund. The Fund's investment objective
will be medium- to long-term capital growth through investment in a
diversified portfolio of common shares of foreign companies. The Fund will
invest in companies listed on the stock exchange in emerging countries,
particularly Asia, Latin America, Europe, Africa and the Middle East. Its
annual management fees will be 1.25%-among the lowest in Canada.
    State Street Global Advisors, Ltd. ("State Street") will be the external
securities sub-advisor for the Professionals' Asian Equity Fund and the
Professionals' Emerging Markets Equity Fund. As the portfolio manager,
Professionals' Fund - Mutual Funds Inc. will remain responsible for
implementing the investment strategy of these funds.

    About Professionals' Fund Group

    Professionals' Fund Group serves the following shareholder members: the
Fédération des médecins spécialistes du Québec, the Association des
chirurgiens dentistes du Québec, the Corporation de service des notaires du
Québec, the Association des architectes en pratique privée du Québec and the
Association québécoise des pharmaciens propriétaires. The members of the
Fédération des médecins résidents du Québec and the Fédération des étudiants
en médecine du Québec, which are partners of Professionals' Fund Group, also
have access to the same services. Initially designed for professionals not
covered by a pension plan and their family members, Professionals' Fund Group
today offers complete, personalized mutual fund, private wealth management and
financial, estate and retirement planning services. The Group's investment
solutions are focused on long-term performance and protecting capital, and its
management and professional fees are among the lowest in Canada. The Group
actively manages assets of over $1.9 billion for more than 8,500 clients. It
is headquartered in Montreal, with offices in Québec City and Sherbrooke.




For further information:

For further information: Lison Couture, Chief Compliance Officer,
Professionals' Fund Group, (514) 350-5169, 1-888-377-7337, Fax: (514)
350-5055, lcouture@groupefdp.com; Gail Snyder, Vice-President, Communications
and marketing, Professionals' Fund Group, (514) 350-5086, 1-888-377-7337, Fax:
(514) 350-5060, gsnyder@groupefdp.com; www.groupefdp.com, Source:
Professionals' Fund Group

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