MONTREAL, Aug. 21, 2014 /CNW Telbec/ - Gestion FÉRIQUE, as the manager of FÉRIQUE Funds, today announced that River Road Asset Management, LLC (River Road) will be appointed as portfolio adviser of FÉRIQUE American Fund on or about August 29, 2014. River Road will replace Aviva Investors Canada Inc. (Aviva), one of the two current managers of the Fund. River Road has acted as Aviva's sub-adviser, responsible for the management of FÉRIQUE American Fund since September 29, 2011. Therefore, this change will have no impact on the investment strategy of the Fund.
Due to this change, similar amendments will also be made to FÉRIQUE Balanced Fund and FÉRIQUE Balanced Growth Fund, which invest, respectively, 15% and 20% of their total assets in FÉRIQUE American Fund.
FÉRIQUE American Fund's structure is based on the multi-adviser approach which characterizes FÉRIQUE Funds, which aims to diversify risk by combining the strengths of portfolio advisers with complementary styles. As such, 65% of the Fund's assets, which total approximately $276 million, as at June 30, 2014, will be managed by Integra Capital Limited and 35% by River Road, currently Aviva's sub-adviser.
Launched on October 20, 1995, FÉRIQUE American Fund is one of 52 funds with more than a 15-year track record in a universe of more than 500 similar funds in Canada. The Fund's management expense ratio was reduced from 1.10% to 1.05% on May 1, 2014, ranking within the industry's least expensive 10th percentile of funds1.
1 PALTrak survey, owned by Morningstar Research Inc., as of June 30, 2014.
About Gestion FÉRIQUE
Founded on January 1, 2000, Gestion FÉRIQUE (www.ferique.com) is the manager of 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 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 over $2 billion in assets under management and close to 22,000 clients.
Note: There may be commissions, trailing commissions, management fees and expenses associated with investment in the Funds. Management expense ratios vary from one year to another. Please read the prospectus before investing. Mutual funds are not guaranteed, their values fluctuate frequently and past performance may not be repeated. FÉRIQUE Funds are distributed by Services d'investissement FÉRIQUE, as Principal distributor. The FÉRIQUE Funds are currently restricted to Quebec and Ontario residents only except for the FÉRIQUE Balanced Growth Fund, which is currently restricted to Quebec residents only. The FÉRIQUE Funds are not suitable for all investor types. Please contact a Services d'investissement FÉRIQUE advisor.
SOURCE: Gestion FÉRIQUE
For further information: Manon Duhamel, Senior Director, Marketing and Communications, Gestion FÉRIQUE, T. 514-840-9206 (Ext. 450), [email protected]