MONTREAL, Oct. 2, 2014 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or "the Firm"), a leading Canadian investment management firm, is pleased to announce the addition of two new funds to its existing product offering: the Fiera Capital Defensive U.S. Equity Fund and the Fiera Capital Defensive Global Equity Fund (collectively, the "Defensive Funds").
"Given the outstanding success of Fiera Capital's traditional U.S. and global equity mutual funds, we are thrilled to add these new versions which include an overlay strategy designed to capture the benefits of equity-like returns, while focusing on capital preservation," said Sylvain Roy, Chief Investment Officer and Executive Vice President, Alternative Strategies at Fiera Capital.
Aim to Enhance Returns While Reducing Overall Risk
Available to all types of investors, the Defensive Funds aim to provide long-term capital appreciation by investing primarily in US and Global equity securities through the existing Fiera Capital U.S. and Global Equity Funds. The Defensive Funds then employ risk and portfolio management techniques to reduce equity exposure with the goal of ensuring that downside risks are limited. Such techniques include purchasing put options to limit downside risk, writing call options to enhance long-term returns and reduce hedging costs, risk exposure targeting, and currency hedges, as well as implementing stop loss limits to reduce equity exposure.
"In the context of high price-to-earnings ratios and with volatility at historical lows, the Defensive Funds represent a timely and attractive opportunity for investors seeking downside protection while being fully invested throughout the equity market cycles. Complementary to our traditional equity portfolios, these new strategies also bring additional depth to Fiera Capital's overall offering," added Mr. Roy.
The simplified prospectus and other disclosure documents relating to the Defensive Funds are available upon request by contacting your representative; or by contacting Fiera Capital Corporation at 416 360-4826, toll free at 1 800 265-1888, at [email protected], or you may visit our website at www.fieracapital.com. A copy of the simplified prospectus can also be found on SEDAR at www.sedar.com.
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 non-traditional 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.