MONTREAL, Jan. 30, 2014 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera" or "the Firm"), a leading Canadian investment management firm, is pleased to announce the addition of the Fiera High Yield Bond Fund (the "Fund") to its existing suite of fixed income strategies available to institutional and private wealth investors.
"High yield bonds represent an attractive active investment solution in the current environment for investors looking for the potential to generate equity-like returns with less volatility, obtain higher yields, and increase their portfolio diversification," said Sylvain Roy, Chief Investment Officer and Executive Vice President, Alternative Strategies at Fiera. "Historically, high yield funds have been particularly resilient during periods of rising interest rates so the time is right to add this complementary strategy to traditional fixed income portfolios," added Mr. Roy.
Balancing the preservation of capital with yield enhancement
Available to accredited investors, the Fund will consist of conservative high yield securities framed by strict risk control parameters. Top-down and bottom-up approaches will be combined to pursue attractive risk-adjusted returns through varying market environments. Specifically, the investable universe will consist of securities rated B and higher, and exclude all securities with a credit rating of CCC, consistent with the portfolio management team's conservative approach to credit analysis and securities selection. The U.S. market, which presents vast investment opportunities, will be predominantly represented in the portfolio. This U.S. market exposure will be hedged for currency risk.
The Fund will be managed by Christopher Laurie and Derek Brown, both senior portfolio managers at Fiera, and benefiting from a combined 36 years of investment experience.
"Thanks to the rigorous fundamental research and the depth of expertise of our fixed income team, Fiera is well-positioned to offer the potential for higher returns for investors looking to diversify their portfolios while balancing the preservation of capital with yield enhancement. We are pleased to further expand our fixed-income strategies offering as we seek to continually anticipate and meet the needs of our clients," added Sylvain Roy.
About Fiera Capital Corporation
Fiera Capital is a leading publicly traded, independent investment management firm. The Firm is one of only a handful of full service, multi-product investment firms in Canada, offering clients a proven top tier track record in equity and fixed income management as well as depth and expertise in asset allocation and alternative investments.
This document may contain certain forward-looking statements. These statements relate to future events or future performance, and reflect management's expectations or beliefs regarding future events, including business and economic conditions and Fiera Capital's growth, results of operations, performance and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target", "intend" or the negative of these terms, or other comparable terminology.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. In evaluating these statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement.
These factors include, but are not limited to, market and general economic conditions, the nature of the financial services industry, and the risks and uncertainties detailed from time to time in Fiera Capital's interim and annual consolidated financial statements, and its Annual Report and Annual Information Form filed on www.sedar.com. These forward-looking statements are made as of the date of this document, and Fiera Capital assumes no obligation to update or revise them to reflect new events or circumstances.
SOURCE: Fiera Capital Corporation
For further information:
Mélanie Tardif, CPA, CMA
Director, Corporate Communications and Investor Relations
Fiera Capital Corporation
Additional information relating to the Company, including the Company's annual information form, is on SEDAR at www.sedar.com.