Moving to a multi-manager solution designed to improve risk-adjusted returns through market cycles
OTTAWA, Nov. 27, 2015 /CNW/ - MD Financial Management Inc. (MD), a Canadian Medical Association (CMA)-owned wealth management organization, today announced a realignment of portfolio management responsibilities with respect to two equity mandates. These simplified prospectus amendments were approved on November 24, 2015 by the MD Financial Management Inc. Board of Directors.
| Fund or Pool |
Revised Portfolio Advisors Structure |
| MD International Growth Fund |
Mawer Investment Management Ltd.; and Walter Scott & Partners Limited |
| MDPIM International Equity Pool (growth mandate) |
Mawer Investment Management Ltd.; and Walter Scott & Partners Limited |
"To help ensure our clients' long-term financial well-being, we continually look for ways to enhance risk-adjusted returns through full market cycles", said William R. Horton, Jr., Chief Investment Officer at MD. "Using MD's patent-pending fund management process, we will build our international growth mandates using a combination of advice from Walter Scott & Partners and Mawer. Using both as advisors allows us to manage a portfolio of securities that will offer attractive risk and return characteristics in most market conditions. Our combined solution is designed to achieve better results than using either advisor alone."
MD has worked with Walter Scott & Partners for more than 10 years managing various mandates. Over the past 10 years the securities selected by Walter Scott have provided positive performance while keeping volatility well below that of comparable international equity managers. The securities selected by Mawer position MD's international growth mandates to perform well, particularly when markets are strong. Importantly, each team's process and long-term philosophy is well defined, and consistent with MD's goals for the portfolio and client outcomes.
For more information, contact an MD Advisor or call the MD Service Centre at 1 800 267-2332.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed. Their values change frequently and past performance may not be repeated. To obtain a copy of the prospectus, please call your MD Advisor, or the MD Trade Centre at 1 800 267-2332. The MD Family of Funds is managed by MD Financial Management Inc., a CMA company.
About MD Financial Management
Owned by the Canadian Medical Association, MD Financial Management's only business imperative is to enhance physicians' financial outcomes by focusing on their distinctive needs and operating in their best interests.
MD has more than $40 billion in assets under administration and is dedicated to serving Canada's physicians and their families. MD provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit md.cma.ca.
SOURCE MD Financial Management Inc.
Media Contacts: Maria Grant, Lead, External Communications, MD Financial Management, [email protected], 613 809-0657; Deborah Thompson, DT Communications, [email protected], 416 918-9551
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