MONTREAL, March 4, 2014 /CNW Telbec/ - Gestion FÉRIQUE, manager of FÉRIQUE Funds, announces the launch of its eleventh mutual fund, the FÉRIQUE Balanced Growth Fund, created on February 20. The new fund is available to Quebec clients through Services d'investissement FÉRIQUE advisors. Like all FÉRIQUE products, it is offered to engineers and engineering graduates, their families and their businesses.
The FÉRIQUE Balanced Growth Fund joins the Balanced Fund and the Moderate Balanced Fund as the company's third balanced fund. Compatible with a low to medium risk tolerance, it is designed for investors with a slightly more aggressive risk profile who are investing for the medium or long term.
"We are pleased to enhance our line of balanced funds by adding one that is more oriented towards capital appreciation," says Fabienne Lacoste, CFA, President and CEO of Gestion FÉRIQUE. "Like the other two balanced funds, the Balanced Growth Fund may represent a turnkey solution for investors seeking diversification through a single fund that is automatically rebalanced following market movements."
A "fund of funds" focused on long-term growth
The new fund seeks to maximize long-term capital growth by a policy of diversification among different types of investments. To that end, it invests mainly in mutual funds exposed to Canadian and foreign equities, bond securities and money market securities. The strategy calls for a long-term target portfolio comprising 70% equities and 30% fixed-income securities. It will invest in units of five existing FÉRIQUE funds - Bond (28% of the portfolio), Equity (25%), American (20 %), European (15%) and Asian (10%) - as well as in money market securities (2%).
The FÉRIQUE Balanced Growth Fund is available for a minimum investment of $500 (or $50 for automatic investments) and is eligible to be held in RRSP, RRIF, RESP, DPSP, LIRA, LIF, LRIF and TFSA accounts. In addition, its management fee of barely 1.1% is, like the fees for all FÉRIQUE Funds, among the lowest in the industry. This management expense ratio compares very favourably with other funds in the same category, which have a median expense ratio of 2.46%.1 Among 472 comparable funds in Canada, the FÉRIQUE Balanced Growth Fund is one of the least expensive, ranking in the 7th percentile.
The prospectus and fund facts are available at www.ferique.com or from any Services d'investissement FÉRIQUE advisor.
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 approximately $1.9 billion in assets under management and more than 21,000 clients.
1 Median mutual fund ratios according to PALTrak (Morningstar Research Inc.) at December 31, 2013.
Please 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. This product is currently restricted to Quebec residents only and is not suitable for all investor types. Please contact a Services d'investissement FÉRIQUE advisor.
SOURCE: Gestion FÉRIQUE
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