MONTREAL, Oct. 21, 2015 /CNW Telbec/ - Gestion FÉRIQUE, as the manager of the FÉRIQUE Funds, announced today that MFS Investment Management Canada Limited (MFS) has been appointed as one of the three portfolio advisors of the FÉRIQUE Equity Fund. This change will take effect on or about November 3, 2015, ending the mandate of portfolio advisor Hexavest Inc., which manages one-third of the Fund.
The portfolio advisor MFS uses a bottom-up stock selection process and a rigorous approach to investment risk management. It invests in Canadian companies that offer a good relative value compared to their peers, proven financial strength and a sustainable business model. Any catalyst that can influence the price of corporate securities is also considered an important security selection factor.
The FÉRIQUE Equity Fund's assets, which stand at nearly $515 million, will be managed as follows: 35% of the assets by MFS Investment Management Canada Limited, 35% by Connor, Clark & Lunn Investment Management Ltd. and 30% by Montrusco Bolton Investments Inc. Previously, the Fund's assets were divided equally between the three portfolio advisors. The FÉRIQUE Equity Fund's structure was modified to enhance its flexibility throughout market cycles. This modification led to the change in portfolio advisor.
Launched on August 16, 1974, the FÉRIQUE Equity Fund is one of 16 funds with a track history of over 25 years in a universe of more than 300 similar funds in Canada. The Fund, which has a management expense ratio of 0.90%, ranks in the industry's least expensive quartile of funds (according to Morningstar® Advisor Workstation™, as of August 31, 2015).
About MFS Investment Management Canada Limited
Established in 1924, MFS is an active, global investment manager with research offices in Boston, Hong Kong, London, Mexico City, São Paulo, Singapore, Sydney, Tokyo and Toronto. With more than 90 years of active management experience, their results and investment expertise reflect an unwavering commitment to finding the best, most durable investment opportunities for their clients in the years ahead. They employ a uniquely collaborative approach to build better insights for their clients. Drawing on the three core tenants of their global research platform, they offer a broad range of investment solutions across geographies and asset classes. Their investment approach is driven by: integrated research, global collaboration and active risk management.
About Gestion FÉRIQUE
Founded on October 12, 1999, Gestion FÉRIQUE (www.ferique.com) is the manager of the FÉRIQUE Funds (Fonds d'épargne et de retraite des ingénieurs du Québec), 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 11 mutual funds diversified across all asset classes. Management of the Funds is entrusted to renowned investment firms, handpicked by Gestion FÉRIQUE based on their asset class expertise. FÉRIQUE Funds have more than $2 billion in assets under management and over 22,000 clients.
Note: FÉRIQUE is a trademark of Gestion FÉRIQUE and is used under license by its subsidiary, Services d'investissement FÉRIQUE. Gestion FÉRIQUE is an Investment Fund Manager and assumes management duties in relation to the FÉRIQUE Funds. Services d'investissement FÉRIQUE is a Mutual Fund Dealer and a Financial Planning Firm, as well as the Principal distributor of the FÉRIQUE Funds. There may be brokerage fees, trailing commissions, management fees and expenses associated with investment in the Funds. Please read the prospectus before investing. Mutual funds are not guaranteed, their values fluctuate frequently and past performance may not be repeated. FÉRIQUE Funds pay management fees to Gestion FÉRIQUE allowing it to assume the fees of the portfolio managers, the fees relating to the marketing or distribution of the FÉRIQUE Funds and the administration fees of the manager of the FÉRIQUE Funds. Management expense ratios vary from one year to another. Each of the FÉRIQUE Funds pays all of its own operating expenses. No commissions are payable by the unitholders for a subscription in the FÉRIQUE Funds if such subscription is made through Services d'investissement FÉRIQUE, the Principal distributor; brokerage fees could however be payable should the subscription be made through another broker.
SOURCE Gestion FÉRIQUE
For further information: Maude La Roche, Senior Consultant, Marketing and Communications, Gestion FÉRIQUE, at 514-840-9206 (ext. 540) or [email protected]