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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 March 31, 2019

iShares Core MSCI Emerging Markets ETF JDR 83.40%
iShares China Large-Cap ETF 8.30%
Vanguard FTSE Emerging Markets ETF 6.20%
Cash and Cash Equivalent 1.10%
iShares MSCI Chile Investable Market Index Fund 1.00%
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 Management Report of Fund Performance (Operating Results), December 2018.

The FDP Emerging Markets Equity Portfolio, Series A posted a net return of -10.1% for 2018, versus 23.1% for 2017. The FDP Emerging Markets Equity Portfolio, Series I posted a net return of -8.9% for 2018.

Despite the positive growth of the global economy, markets across emerging countries struggled due to the resurgence of volatility after posting excellent returns in 2017.

Threats of a trade war with China, the unique political climate in certain emerging countries, as well as tightening monetary policies in the U.S. and the U.K., among other nations, had more negative repercussions on emerging markets than their developed counterparts.

Yield gaps among the emerging markets index’s component countries reflect the disparity between current economic and political conditions.

  • On the one hand, some countries, including Russia (9.6%) and Brazil (8.8%), posted positive returns.
  • On the other, China (-13.0%), impeded by an unfavourable political environment, and South Korea (-14.1%), which together represent 39.7% of the total weight of the index, further detracted from performance.
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