For its outstanding performance…
Winner of a FundGrade A+® Award in 2019 at Fundata’s annual Evening of Excellence, in the Global equity funds category, competing against 1100 other funds.
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.
- 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.
Category: Global Equity
Start Date: April 29, 2005
RRSP Admissibility: Yes, 100% eligible
Benchmark: MSCI World in Canadian dollars
Number of Securities: 172
Target Asset Mix:
- Emerging Markets Equity: 0%
- Global Equity: 100%
- Short Term: 0%
*As at May 22, 2020
- Internal managers
- External manager: MFS Investment Management Canada 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.
Main Securities as at March 31, 2020
|iShares MSCI World Index ETF||13.80%|
|Invesco QQQ Trust Series 1||2.80%|
|Cash and Cash Equivalent||2.40%|
|Accenture PLC Cl. A||1.80%|
|Aon PLC Cl. A||1.70%|
|Alphabet Inc. Cl. A||1.60%|
|Comcast Corporation Cl. A||1.50%|
|Roche Holding AG||1.50%|
|iShares MSCI World ETF||1.30%|
|Taiwan Semiconductor Manufacturing Company, Ltd. ADR||1.20%|
|Texas Instruments Incorporated||1.20%|
|Becton, Dickinson and Company||1.20%|
|Johnson & Johnson||1.20%|
|Fidelity National Information Services, Inc.||1.00%|
|Reckitt Benckiser Group PLC||1.00%|
|Thermo Fisher Scientific Inc.||1.00%|
|The Sherwin-Williams Company||0.90%|
|Canadian Pacific Railway Limited||0.90%|
Net asset value as at March 31, 2020
|570 M $|
* 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.
The Managers’ Comments are taken from the Annual Management Report of Portfolio Performance (Operating Results), as at December 31, 2019.
The FDP Global Equity Portfolio, Series A posted a net return of 23.5% for 2019, versus -0.6% for 2018. The FDP Global Equity Portfolio, Series I posted a net return of 25% for 2019.
- The global stock market, as measured by the MSCI World Index, posted a net return of 21.2% in Canadian dollars for 2019.
- Featuring a significant exposure to IT securities, the growth-style approach outperformed its value-style counterpart during the period, posting a 26.9% return, compared to 15.6%.
- Supported by positive economic growth, an economy at full employment and the U.S. Federal Reserve’s (Fed) shift in rhetoric and adoption of a more accommodative monetary policy, the U.S. stock market, as measured by the S&P 500 Index, posted a net return of 24.8% in Canadian dollars.
Despite the weakening in the manufacturing sector in Germany and Japan, eurozone and Asian markets yielded positive returns of 17.5% and 13.3%, respectively, in Canadian dollars.
Central banks are adopting more accommodative monetary policies in reaction to trade tensions, the global economic growth slowdown and a moderate inflation rate, which will likely benefit stock markets.