OTTAWA, June 12, 2012 /CNW/ - MD Physician Services Inc. (MDPSI) has announced that, effective today, the following MD funds have new names:
|Old name||New name|
|MD Bond and Mortgage Fund||MD Short-Term Bond Fund|
|MD Income & Growth Fund||MD Dividend Growth Fund|
|MD Dividend Fund||MD Dividend Income Fund|
"The new names of these funds more precisely reflect the current primary investment mandate for each fund—as well as align with naming conventions that are standard across the mutual funds industry. The decision to move to new names also demonstrates our commitment to continuously improve how we communicate and present solutions to our clients," said Brian Peters, President and CEO.
Notice of this change was originally provided to unitholders in Q1 2012 statements. For each fund, the investment strategies, objectives, managers and holdings remain the same—these are changes in name only.
The MD Short-Term Bond Fund is a fixed-income fund that seeks to preserve capital and produce income by investing in bonds with a weighted average portfolio duration between 0.5 and 3.5 years.
The MD Dividend Growth Fund is a dividend-yielding equity fund that generates high-yielding eligible dividends while providing long-term capital appreciation.
The MD Dividend Income Fund maintains its objective to generate tax-advantaged income and preserve capital by investing primarily in dividend-producing common shares from Canadian corporations.
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, 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.
For further information:
1 800 663-7336, ext. 4562