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Fund Overview

This fund is designed for investors who…

  • Want to diversify part of their portfolio geographically.
  • Have a long-term investment horizon and are capital growth-oriented
  • Have a medium risk tolerance.

Investment Objectives

  • Achieve medium- and long-term capital growth through investment diversification.
  • Invest primarily in equity securities of issuers listed on a stock exchange and located in emerging countries or having commercial interests in such countries.

Fund Facts are published once a year. Read them now.

Summary

Volatility:

Average / High

Category: Emerging Markets International Equity Fund
Start Date: April 8,, 2008
RRSP Admissibility: Yes, 100% eligible

Benchmark: MSCI Emerging Markets in Canadian dollar


Assets*: $108,944,748
Number of Securities: 7

Target Asset Mix:

  • Emerging markets equity: 100%
  • Short term: 0%

*As at May 24, 2019

Portfolio Management

Managers

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.

Main Securities as at September 30, 2019

iShares Core MSCI Emerging Markets ETF JDR82,70%
Vanguard FTSE Emerging Markets ETF5,10%
SPDR S&P 500 ETF Trust4,20%
iShares China Large-Cap ETF3,90%
iShares Edge MSCI Min Vol Emerging Markets ETF2,30%
iShares MSCI Chile Investable Market Index Fund0,90%
Cash and Cash Equivalent0,90%
Net asset value as at May 24, 2019
108 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 Managers’ Comments are taken from the Annual Management Report of Portfolio Performance (Operating Results), as at December 31, 2019.

The FDP Emerging Markets Equity Portfolio, Series A posted a net return of 8.8% for 2019, versus -10.1% for 2018. The FDP Emerging Markets Equity Portfolio, Series I posted a net return of 10.3% for 2019.

  • The global stock market, as measured by the MSCI World Index, posted a net return of 12.4% in Canadian dollars for 2019.
  • Despite a positive performance, the slowdown in global economic growth and trade tensions between the United States and China had negative repercussions on emerging markets’ stock market performance in 2019.
However, the announcement in December of a partial trade deal (“Phase One deal”) between the United States and China boosted the Chinese stock market late in the year.

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