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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*: $143,698,757
Number of Securities: 9

Target Asset Mix:

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

*As at May 21, 2021

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, 2021

iShares Core MSCI Emerging Markets ETF 76.2%
iShares MSCI Emerging Markets Index Fund 11.6%
iShares MSCI South Korea ETF 3.6%
iShares MSCI Taiwan Capped ETF 2.6%
iShares MSCI India ETF 2.2%
iShares MSCI Brazil Capped ETF 2.1%
Cash and Cash Equivalent 1.9%
iShares MSCI Malaysia ETF 0.6%
Net asset value as at March 31, 2021 143 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, 2020.

The FDP Emerging Markets Equity Portfolio, Series A posted a net return of 13.7% for 2020, versus 8.8% for 2019. The FDP Emerging Markets Equity Portfolio, Series I posted a net return of 15.3% for 2020. Emerging markets’ stock market, as measured by the MSCI Emerging Market Index, posted a net return of 16.2% in Canadian dollars for 2020.

In the context of a global economy weakened by a pandemic, governments and central banks introduced unprecedented fiscal and monetary measures, which relieved markets and economies. Markets rebounded to new highs from the lows reached in March.

In Asian emerging countries, Chinese equities grew by 28.1%. China’s economic recovery continued to lead other emerging countries due in part to the successful containment of the virus and ambitious infrastructure spending programs.

In the fourth quarter, positive news about COVID-19 vaccines and central banks’ intention to maintain an accommodating monetary policy for an extended period allowed Emerging Markets to post positive returns.

Despite markets generally rebounding from their March 2020 lows, the impact of the pandemic on the global economic recovery remains uncertain. Vaccines’ efficacy and speed of rollout will significantly impact investors’ confidence in financial markets.

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