MONTREAL, April 11, 2012 /CNW Telbec/ - Professionals' Financial - Mutual Funds Inc. (the "Manager") announces that Fidelity Investments Canada Limited ("Fidelity") and Professionals' Financial - Private Management Inc. ("Professionals' Financial - Private Management") are the sole sub-portfolio managers responsible for managing the assets of the Professionals' Canadian Equity Fund (the "Canadian Equity Fund"), the Manager having terminated the mandate of Scheer, Rowlett & Associates Investment Management Ltd.
Fidelity and Professionals' Financial - Private Management have maintained the same fee for the assets under their management.
In addition, New Star Institutional Managers ("New Star") is the sole sub-portfolio manager responsible for managing the assets of the Professionals' European Equity Fund (the "European Equity Fund"), the Manager having terminated the mandate of AXA Rosenberg Investment Management LLC.
New Star has also maintained the same fee for the assets under its management.
About Professionals' Financial
Professionals' Financial serves, among others, the following shareholder members: the Fédération des médecins spécialistes du Québec, the Association des chirurgiens dentistes du Québec, the Corporation de service de la Chambre des notaires, the Association des architectes en pratique privée du Québec, and the Association québécoise des pharmaciens propriétaires. Members of the Fédération des médecins résidents du Québec and of Médecins francophones du Canada, both partners of Professionals' Financial, also have access to the same services. Initially designed for professionals not covered by a pension plan and their family members, the Financial now offers professionals private management, mutual fund and financial planning services. Its investment solutions are focused on long-term performance and capital protection, and its management and professional fees are among the lowest in Canada. Professionals' Financial has more than 8,000 clients and assets under management of over $2 billion. It is headquartered in Montréal, with offices in Québec City and Sherbrooke.
For further information:
Source: Professionals' Financial
Mr. François Landry,
Vice-president of the Board and Vice-president
Professionals' Financial - Mutual Funds Inc.
2 Complexe Desjardins
East Tower, 31st Floor
P. O. Box 1116
Montréal, Quebec H5B 1C2
More details at www.professionalsf.com