MD Financial Management Updates Risk Ratings for the MD Family of Funds and the MDPIM Family of Pools Français
OTTAWA, May 25, 2016 /CNW/ - MD Financial Management Inc. (MD), a Canadian Medical Association (CMA)-owned wealth management organization, today announced that it has updated the risk ratings for the majority of MD Funds and MDPIM Pools which will be reflected in the Fund Facts and related prospectus documents to be dated May 26, 2016.
The ratings for these funds and pools have been revised using The Investment Funds Institute of Canada (IFIC) updated guidelines. IFIC developed these guidelines to provide a consistent approach to the measurement and description of fund volatility risk across the industry. The guidelines standardize terminology, categories and volatility risk descriptions. MD clients' investment risk assessment will remain the same, the underlying risks of the MD Funds and MDPIM Pools have not changed.
"At MD, we are committed to presenting investment information in a clear, concise manner," said Mike Gassewitz, MD's Executive Vice President, Member Solutions. "Revising our risk ratings following IFIC guidelines will make our methodology consistent with that of other fund managers. This will allow MD clients to easily compare volatility risk with other fund companies and to assess historical fund volatility."
Updated risk ratings for the MD Funds and MDPIM Pools are as follows:
Name of Funds |
MD Rating (up to and including May 26, 2016) |
Updated MD Rating |
MD Equity Fund |
Medium to High |
Medium |
MD Growth Investments Limited |
Medium to High |
Medium |
MD Money Fund |
Low |
Low |
MD Bond Fund |
Low to Medium |
Low |
MD American Growth Fund |
Medium to High |
Medium |
MD Balanced Fund |
Medium |
Low to Medium |
MD Dividend Income Fund |
Medium |
Low to Medium |
MD Select Fund |
Medium to High |
Medium |
MD Short-Term Bond Fund |
Low |
Low |
MD International Growth Fund |
Medium to High |
Medium |
MD American Value Fund |
Medium to High |
Medium |
MDPIM Canadian Equity Pool |
Medium to High |
Medium |
MDPIM US Equity Pool |
Medium to High |
Medium |
MD International Value Fund |
Medium to High |
Medium |
MD Dividend Growth Fund |
Medium to High |
Medium |
MD Precision Balanced Growth PortfolioTM |
Medium to High |
Low to Medium |
MD Precision Conservative PortfolioTM |
Medium |
Low to Medium |
MD Precision Maximum Growth PortfolioTM |
Medium to High |
Low to Medium |
MD Precision Moderate Balanced PortfolioTM |
Medium |
Low to Medium |
MD Precision Balanced Income PortfolioTM |
Medium |
Low to Medium |
MD Precision Moderate Growth PortfolioTM |
Medium to High |
Low to Medium |
MD Strategic Opportunities Fund |
High |
Medium |
MD Strategic Yield Fund |
Medium to High |
Low to Medium |
MDPIM Canadian Bond Pool |
Low to Medium |
Low |
MDPIM Canadian Equity Pool |
Medium to High |
Medium |
MDPIM International Equity Pool |
Medium to High |
Medium |
MDPIM US Equity Pool |
Medium to High |
Medium |
MDPIM Dividend Pool |
Medium to High |
Medium |
MDPIM Canadian Long Term Bond Pool |
Medium |
Low to Medium |
MDPIM Strategic Opportunities Pool |
High |
Medium |
MDPIM Strategic Yield Pool |
Medium to High |
Low to Medium |
MDPIM Emerging Markets Equity Pool |
High |
High |
About MD Financial Management
Owned by the Canadian Medical Association, MD'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.
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.
SOURCE MD Financial Management
Media Contact: Maria Grant, Lead, External Communications, MD Financial Management, [email protected], 613 809-0657
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