Unit of Manulife named adviser to MD Dividend Fund
TORONTO, May 4 /CNW/ -- MFC Global Investment Management has been
selected as investment adviser for the MD Dividend Fund, a mutual fund offered
by MD Funds Management Inc., of Ottawa. Funding for the approximately $1
billion combined equity and fixed income mandate was finalized today.
"We are extremely pleased to be chosen as investment manager by MD
Funds," said J-F Courville, President of MFC Global Investment Management.
"This important mandate reflects the confidence that was placed in MFC Global
Investment Management's strong investment management and servicing
capabilities. I am proud that the members of our team were given this
opportunity to express their collective talent and commitment to MD Funds and
to the investors that will benefit from this."
In managing the MD Dividend Fund, MFC Global Investment Management is
employing a team approach, led by Alan Wicks, senior portfolio manager and
head of the Toronto-based Large Cap Value equity team, and by Terry Carr,
managing director and head of Canadian fixed income.
The MD Dividend Fund's investment objective is to maximize dividend
income in a manner consistent with capital conservation. The Fund invests in
dividend producing common shares (including income trusts) as well as high
quality preferred shares of Canadian corporations, bonds and short-term debt
"The MD Dividend Fund has provided investors with an excellent source of
tax-efficient income for nearly two decades. Preserving this performance was
important and MFC Global Investment Management impressed us with their rich
process and passion for investment selection. We look forward to our
relationship with MFC Global Investment Management as they contribute to our
clients' investment goals," said J. Craig Maddock, CFA, Assistant Vice
President - Investment Management, MD Funds Management.
About MD Funds Management Inc.
MD Funds Management Inc. is a member of MD Financial, CMA companies,
wholly owned by the CMA Holdings Incorporated. MD Financial had assets under
management of more than $21 billion as at March 31, 2009. MD Financial has
been helping Canadian physicians and their families achieve their most
important financial goals for nearly 40 years. Our clients benefit from truly
personalized investment strategies supported by leading global investment
managers. More information about MD Financial's comprehensive financial
services may be found at www.mdfinancial.cma.ca.
About MFC Global Investment Management(R)
MFC Global Investment Management(R) is the asset management division of
Manulife Financial. MFC Global Investment Management's diversified group of
companies provides comprehensive asset management solutions for institutional
investors, investment funds and individuals in key markets around the world.
This investment expertise extends across a full range of asset classes
including equity, fixed income and alternative investments such as oil and
gas, real estate, timber, farmland, as well as asset allocation strategies.
MFC Global Investment Management has investment offices in the United
States, Canada, the United Kingdom, Japan, Hong Kong, and throughout Asia. As
of December 31, 2008, assets managed exceeded C$284 billion. Additional
information about MFC Global Investment Management may be found at
MFC Global Investment Management(R), Manulife and the block design are
trademarks of The Manufacturers Life Insurance Company and are used by it and
its affiliates including Manulife Financial Corporation.
For further information:
For further information: Beth McGoldrick for MFC Global Investment
Management, +1-617-663-4751, email@example.com Web Site: