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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.



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*: $89,839,668
Number of Securities: 5

Target Asset Mix:

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

*As at May 22, 2020

Portfolio Management


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 March 31, 2020

iShares Core MSCI Emerging Markets ETF JDR 81.20%
iShares MSCI Emerging Markets Index Fund 9.90%
iShares Edge MSCI Min Vol Emerging Markets ETF 4.70%
Vanguard FTSE Emerging Markets ETF 2.70%
Cash and Cash Equivalent 1.60%
Net asset value as at March 31, 2020
85 M $


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 Management Report of Portfolio Performance (Operating Results), as at June 30, 2020.

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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