MONTREAL, June 14 /CNW Telbec/ - Gestion FERIQUE, Manager of the FERIQUE
Funds, today announced the appointment of MFC Global Investment Management
(Canada), a division of Elliott & Page Limited (MFC Global) as one of the
investment advisers of the FERIQUE BALANCED Fund. The appointment takes effect
on or about June 19, 2007.
MFC Global will share the management of the FERIQUE BALANCED Fund's
Canadian equity portion, which represents about $180 million (as at June 12,
2007), with Foyston, Gordon & Payne. Adding a second Canadian equity
investment adviser aims to provide better investment-style diversification for
the Canadian equity portion of the Fund.
"We constantly seek to provide our investors with access to high-calibre
professional management, as well as quality products that carry a reasonable
level of risk. As such, the size of the BALANCED Fund's Canadian equity
portion is significant enough to justify a greater risk diversification
amongst managers", explained Fabienne Lacoste, Executive Director of Gestion
FERIQUE. "The appointment of MFC Global meets all the criteria which guided
our internal research process - stability in past performance, expertise in
connection with relative risk control and complementarity of style with the
other Canadian equity manager," added Mrs. Lacoste.
MFC Global will therefore invest 50% of the total Canadian equity
portfolio using a strategy that is based on the premise that securities with
the best performance potential share common characteristics which can be
identified and modeled through several factors related to their sector. The
team seeks to select companies with the most interesting combination of
factors through a proprietary quantitative and qualitative analysis.
Overall, five investment advisers are involved in the management of the
FERIQUE BALANCED Fund: Addenda Capital for fixed-income securities, UBS Global
Asset Management (Canada) Co. for US and European equities, Nomura Asset
Management USA Inc. for Asian equities, as well as Foyston, Gordon & Payne and
MFC Global for Canadian equities. With the addition of MFC Global, the FERIQUE
Funds' external management team now includes ten companies recognized in their
respective fields of expertise.
The FERIQUE EQUITY Fund was launched in 1980 and represents over
$617 million in total assets (as at May 31, 2007).
About Gestion FERIQUE
Founded on January 1, 2000, Gestion FERIQUE (www.ferique.com) proudly
manages the FERIQUE Funds, launched in 1974 by the Ordre des ingénieurs du
Québec. This family of eight mutual funds was created primarily for engineers
and their families and includes all asset categories required for sound
diversification. Management of the Funds is entrusted to renowned investment
firms, each with the mandate to outperform its industry median. Gestion
FERIQUE, a not-for-profit corporation, seeks to maximize client assets by
offering high-quality investment products while keeping management fees as low
as possible. FERIQUE Funds have over $1.3 billion in assets under management
and more than 20,000 clients.
About MFC Global Investment Management
MFC Global is part of MFC Global Investment Management
(www.mfcglobal.com), the brand name identifying the diversified investment
management group of Manulife Financial, with investment offices in the United
States, Canada, the United Kingdom, Japan, Hong Kong, and throughout Southeast
Asia. MFC Global Investment Management consists of several companies and has
more than 100 years of experience managing portfolios for The Manufacturers
Life Insurance Company, John Hancock Life Insurance Company, and other major
clients. With more than C$240 billion in assets under management (as at
Dec. 31, 2006), MFC Global Investment Management is a leading global
investment management group.
For further information:
For further information: Manon Duhamel, Gestion FERIQUE, (514) 840-9206,
ext. 3229; Jessie-Kim Malo, AGC Communications, (514) 849-7000, ext. 221