MONTREAL, May 16, 2016 /CNW Telbec/ - As manager of the FÉRIQUE Funds, Gestion FÉRIQUE announces the launch of the FÉRIQUE Diversified Income Fund, created on May 2. The Fund seeks to provide income and, to a lesser extent, long-term capital appreciation.
The FÉRIQUE Diversified Income Fund invests in a geographically diversified portfolio consisting mainly of fixed-income securities but also of Canadian and global equities. The weightings of the asset classes may vary as a function of the portfolio manager's economic views and market fluctuations. This asset class selection, combined with tactical management, is used to generate income and take advantage of market opportunities.
As a result, the proportion of foreign securities in the new Fund may range from 30% to 100%. The investment strategy is based on a long-term target portfolio consisting of the following:
| Canadian and foreign fixed income securities* |
75% to 95% |
| Canadian and foreign equities* |
5% to 15% |
| Money market securities |
0% to 10% |
* or exchange-traded funds offering such exposure
"Many investors have a significant portion of their assets in Canadian fixed income securities," explained Louis Lizotte, CFA, FRM, Vice-President, Investments, at Gestion FÉRIQUE. "In the current context of strong volatility and low bond yields in Canada, the launch of this Fund is appropriate. It will make it possible to diversify such securities not only with foreign content but also with other types of securities that generate income."
The Fund will be managed by Addenda Capital Inc., which has been one of the managers of the FÉRIQUE Funds since 1998. In performing this mandate, Addenda Capital will be assisted by Rogge Global Partners with respect to global fixed-income securities.
The FÉRIQUE Diversified Income Fund is designed for investors who have a low or medium risk tolerance. It is available for a minimum investment of $500 (or $50 for pre-authorized contributions) and is eligible for all types of accounts. The prospectus and fund facts are available at ferique.com or from the mutual fund representatives of FÉRIQUE Investment Services.
About the manager
Addenda Capital manages over $24.8 billion in investment assets on behalf of pensions, insurance and other institutions as well as high net worth clients. With offices in Montreal, Guelph, Toronto and Regina, it offers clients tailor-made portfolios using a broad range of asset classes and strategies. Its approach to sustainable investment focuses on integrating environmental, social and governance issues into its investment processes. Its mission is to add value through independent research, active management, innovation, discipline and integrity and to nurture genuine partnerships with its clients. It became a signatory to the United Nations-supported Principles for Responsible Investment in 2012 and to the Montreal Carbon Pledge in 2015.
About Rogge Global Partners
Rogge Global Partners is a leading global fixed-income specialist based in London, United Kingdom. The firm was founded in 1984, has 120 employees and manages assets totalling more than US$35 billion from its offices in London, New York, Singapore and Frankfurt.
About Gestion FÉRIQUE
Founded on October 12, 1999, Gestion FÉRIQUE (ferique.com) is the manager of the FÉRIQUE Funds, launched in 1974 by the Ordre des ingénieurs du Québec. It is the only not-for-profit mutual fund company in Canada whose sole purpose is to serve the interests of engineers, engineering graduates and their families. The firm offers 12 mutual funds diversified across all asset classes. Management of the Funds is entrusted to renowned investment firms, handpicked by Gestion FÉRIQUE based on their asset class expertise. FÉRIQUE Funds have more than $2 billion in assets under management and approximately 22,000 unitholders.
Note: FÉRIQUE is a registered trademark of Gestion FÉRIQUE and is used under license by its subsidiary, Services d'investissement FÉRIQUE. Gestion FÉRIQUE is an Investment Fund Manager and assumes management duties in relation to the FÉRIQUE Funds. Services d'investissement FÉRIQUE is a Mutual Fund Dealer and a Financial Planning Firm, as well as the Principal distributor of the FÉRIQUE Funds. There may be brokerage fees, trailing commissions, management fees and expenses associated with investment in the Funds. Please read the prospectus before investing. Mutual funds are not guaranteed, their values fluctuate frequently and past performance may not be repeated.
SOURCE Gestion FÉRIQUE
Maude La Roche, Assistant Director, Marketing, Gestion FÉRIQUE, 514-840-9206, ext. 540, [email protected]
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