OTTAWA, May 22, 2015 /CNW/ - MD Financial Management Inc. (MD), a Canadian Medical Association (CMA)-owned wealth management organization, today announced that, as a result of an annual risk review for MD funds, it is changing the following risk rating disclosures:
| Product |
2014 Risk Classification |
2015 Risk Classification |
| MDPIM Canadian Bond Pool |
Low |
Low to Medium |
| MDPIM Strategic Yield Pool |
Medium |
Medium to High |
| MD Strategic Yield Fund |
Medium |
Medium to High |
| MD Precision Moderate Growth Portfolio |
Medium |
Medium to High |
The changes will be reflected in the Simplified Prospectus dated May 25, 2015. The investment objectives and strategies of the funds or pools remain unchanged.
MD follows a risk classification methodology similar to the approach recommended by the Investment Funds Institute of Canada using both quantitative and qualitative considerations conducted on an annual basis. MD's methodology considers the annual predicted return and annual predicted volatility, rather than historical values, of the different asset class benchmarks and their relative allocation within each of the MD Funds, MD Precision Portfolios™ and MDPIM Pools.
For more information, contact an MD Advisor or call the MD Service Centre at 1 800 267-2332.
About MD Financial Management
Owned by the Canadian Medical Association, MD's only business imperative is to enhance physicians' financial outcomes by focusing on their distinctive needs and operating in their best interests.
MD Financial Management has more than $41 billion in assets under administration and is dedicated to serving Canada's physicians and their families. MD provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit md.cma.ca.
SOURCE MD Financial Management Inc.
Media Contacts: Maria Grant, Manager, External Communications, MD Financial Management, [email protected], 613 809-0657; Deborah Thompson, DT Communications, [email protected], 416 918-9551
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