Gestion FÉRIQUE announces some changes to the structure of FÉRIQUE BOND, BALANCED and MODERATE BALANCED Funds

MONTREAL, Nov. 16, 2011 /CNW Telbec/ - Gestion FÉRIQUE (, as Manager of FÉRIQUE Funds, announced today that it will now use a multi-management structure for the bond strategy of its Funds. This decision reflects the philosophy of the company, which seeks to provide consistent, above-average returns — with lower-than-average risk — relative to funds in the same class on the market.

Given this decision, FÉRIQUE BOND Fund's management will be shared by its current portfolio adviser, State Street Global Advisors, Ltd. (SSgA), and a second portfolio adviser, Addenda Capital Inc. (Addenda), on about a 60%-40% basis, respectively. This appointment will take effect on or about December 6, 2011.

At the same time, the fixed income portfolio of FÉRIQUE BALANCED Fund, which is currently managed by Addenda, will be transferred to FÉRIQUE BOND Fund and replaced by an investment in units of FÉRIQUE BOND Fund. This change will make FÉRIQUE BALANCED Fund one of the major unitholders of FÉRIQUE BOND Fund, whose assets will increase from $307 million, as at October 31, 2011, to approximately $508 million on the date of the transaction. Related changes will be made to FÉRIQUE MODERATE BALANCED Fund to reflect the addition of a second portfolio adviser to FÉRIQUE BOND Fund, in which FÉRIQUE MODERATE BALANCED Fund invests.

"The scope of our FÉRIQUE BOND Fund allows us to divide its management between two leading companies with complementary styles," said Fabienne Lacoste, Executive Director of Gestion FÉRIQUE. SSgA uses an "index plus" approach that consists of managing the allocation and selection of securities within certain sectors of the bond market. Addenda focuses more on the active management of portfolio duration relative to the index."

"While our bond fund has an excellent track record relative to the industry average, outperforming its peers 10 times over the past 11 years, we've noticed greater return volatility in recent years," added Louis Lizotte, Director of Investments at FÉRIQUE. "A multi-management structure will enable us to better control portfolio risk and, in turn, improve long-term performance."

Launched in 1974, FÉRIQUE BOND Fund is one of 119 funds with more than a 25-year history in a universe of 6,591 Canadian funds. The Fund's management fee ratio is currently 0.52%, ranking in the first decile of the industry's least expensive bond funds.

About Gestion FÉRIQUE
Founded on January 1, 2000, Gestion FÉRIQUE ( is manager of the FÉRIQUE Funds, launched in 1974 by the Ordre des ingénieurs du Québec. FÉRIQUE is the only not-for-profit mutual fund company in Canada whose sole purpose is to serve the interests of engineers, engineering graduates and their families. The firm offers ten mutual funds diversified across all asset classes. Management of the funds is entrusted to renowned investment firms which are hand-picked by Gestion FÉRIQUE, based on their superior asset class expertise. FÉRIQUE Funds have $1.6 billion in assets under management and over 23,000 clients.


For further information:

Manon Duhamel, Gestion FÉRIQUE, 514-840-9206, ext. 450

Profil de l'entreprise


Renseignements sur cet organisme


Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .


Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.


Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.