OTTAWA, June 19, 2013 /CNW/ - MD Physician Services Inc. (MDPSI) today announced changes to the risk ratings of the MD Dividend Income Fund and the MDPIM Strategic Opportunities Pool in accordance with the required annual filing of the Simplified Prospectus and in alignment with the approach recommended by the Fund Risk Classification Task Force of the Investment Funds Institute of Canada. These changes will be reflected in the Simplified Prospectus to be dated on or about June 20, 2013.
MDPSI has changed the risk rating for MD Dividend Income Fund from "medium" risk to "medium to high" risk, and the risk rating for MDPIM Strategic Opportunities Pool from "medium" risk to "high" risk. The objectives and strategies of the Funds remain unchanged.
MDPSI follows a risk classification methodology using both quantitative and qualitative considerations, conducted on an annual basis, and based on the annual predicted return and annual predicted volatility of the different asset class benchmarks and their relative allocation within each of the MD Funds, MD Precision Portfolios TM and MDPIM Pools.
About MD Physician Services
MD Physician Services, with more than $30 billion in assets under administration, is dedicated to serving physicians and their families. MD Physician Services provides financial products and services, the MD family of mutual funds, private investment counselling services and practice management products and services through the MD Group of companies. For a detailed list of these companies, visit md.cma.ca.
SOURCE: MD Physician Services Inc.
For further information:
Sheila Beehler-Walsh, AVP, Enterprise Marketing, MD Physician Services Inc.
1 800 663-7336, ext. 1390
Cell: 613 759-2195