Fund Overview
This fund is designed for investors who…
- Want to invest in foreign markets.
- Prefer a unified global approach to investment in global equities rather than establishing separate strategies for the United States, Europe and Asia.
Investment Objectives
- Achieve long-term capital growth through investment diversification.
- Invest primarily in equity securities of issuers worldwide, including Canada and emerging markets.
Fund Facts are published once a year. Read them now.
Summary
Volatility:
Category: Global Equity
Start Date: April 29, 2005
RRSP Admissibility: Yes, 100% eligible
Benchmark: MSCI World (Net Dividend) in Canadian dollar
Assets*: $1,500,645,293
Number of Securities: 170
Target Asset Mix:
- Emerging Markets Equity: 0%
- Global Equity: 100%
- Short Term: 0%
*As at April 30, 2024
Portfolio Management
Managers
- MFS Investment Management Canada Inc., Professionals’ Financial – Mutual Funds Inc.
The Funds’ Investment Policies are developed by the Fund Manager’s Investment Committee, which meets regularly to make any necessary changes. The Committee includes both internal and external investment experts, as well as representatives of professional association shareholders.
Principaux titres au 30 septembre 2025
| Microsoft Corporation | 4,2 % |
| iShares S&P 500 Growth ETF | 2,7 % |
| SPDR S&P 500 ETF Trust | 2,4 % |
| Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR | 2,3 % |
| Charles Schwab Corp | 2,0 % |
| Becton, Dickinson and Company | 1,8 % |
| Aon PLC Class A | 1,8 % |
| Schneider Electric SE | 1,6 % |
| Tencent Holdings Ltd | 1,6 % |
| UBS Group AG | 1,5 % |
| NatWest Group PLC | 1,5 % |
| NVIDIA Corporation | 1,5 % |
| Visa Inc. Class A | 1,5 % |
| Accenture PLC Class A | 1,2 % |
| Eaton Corp. PLC | 1,2 % |
| Agilent Technologies, Inc. | 1,1 % |
| Capgemini SE | 1,1 % |
| Medtronic PLC | 1,1 % |
| Mitsubishi UFJ Financial Group, Inc. | 1,1 % |
| Apple Inc. | 1,1 % |
| HDFC Bank Ltd. Sponsored ADR | 1,0 % |
| STERIS plc | 1,0 % |
| Johnson & Johnson | 1,0 % |
| Bank of America Corp | 1,0 % |
| Amphenol Corporation Class A | 1,0 % |
| Valeur liquidative totale au 30 septembre 2025 | 1 596 M $ |
Returns
Returns *
* Returns for the first and last year are not annualized
* Non annualized return
$1,000 Invested Amount since inception
Note that the results shown are for information purposes only. Commissions, trailing commissions, management fees and expenses all may be associated with investments ins FDP Portfolio’s. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns, including changes in portfolio value and reinvestment of all distributions, but do not take into account sales, redemption, distribution or optional charges or income taxes payable by an investor that would have reduced returns. References to indices are for information purposes only. Comparisons with indices may vary according to the portfolio size, investment timing, and mandate objective. The funds’ securities are not insured by the Canada Deposit Insurance Corporation. Mutual funds are not guaranteed, their value changes frequently, and past performance may not be repeated.
Managers' Comments
The FDP Global Equity Portfolio, Series A posted a net return of 1.6% for the first six months of 2025, versus 19.0% for 2024. The FDP Global Equity Portfolio, Series I posted a net return of 2.2% for the first six months of 2025.
The global stock market, as measured by the MSCI World Index, posted a moderate return of 3.9% in Canadian dollars for the first half of 2025. This performance was aided by falling interest rates in a number of large economies and by inflation that was mostly contained but remained under close watch. The Canadian dollar slightly appreciated against the U.S. dollar, which adversely affected returns for Canadian investors holding U.S. dollar-denominated assets.
Unlike in 2023 and 2024, value stocks outperformed their growth counterparts in the first half of 2025. This market rotation is mainly due to waning investor enthusiasm for large-cap technology stocks, combined with the revaluation of cyclical and defensive sectors such as Energy, Financials and Consumer Staples. The U.S. stock market, as measured by the S&P 500 Index, posted a modest return of 0.8% in Canadian dollars for the first half of 2025. The “Magnificent 7” group of the largest U.S. technology companies have seen their influence wane in recent months, paving the way for broader market leadership and a more balanced allocation among sectors.
Eurozone and Asia-Pacific stock markets also generated positive returns, reflecting the economic recovery underway in both regions despite persistent geopolitical tensions.
