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 September 30, 2020
|Invesco QQQ Trust Series 1||3.7%|
|Accenture PLC Cl. A||2.2%|
|Alphabet Inc. Cl. A||2.1%|
|Aon PLC Cl. A||2.1%|
|Alibaba Group Holding Limited ADR||2.0%|
|Cash and Cash Equivalent||2.0%|
|Comcast Corporation Cl. A||2.0%|
|Roche Holding AG||1.5%|
|Taiwan Semiconductor Manufacturing Company, Ltd. ADR||1.5%|
|Texas Instruments Incorporated||1.4%|
|Canadian Pacific Railway Limited||1.3%|
|Johnson & Johnson||1.3%|
|Fidelity National Information Services, Inc.||1.2%|
|Tencent Holdings Limited||1.2%|
|Reckitt Benckiser Group PLC||1.1%|
|Becton, Dickinson and Company||1.1%|
|The Sherwin-Williams Company||1.1%|
|Net asset value as at September 30, 2020||754 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 Management Report of Portfolio Performance (Operating Results), as at June 30, 2020.
The FDP Global Equity Portfolio, Series A posted a net return of -2.2% for the first six-month period of 2020, versus 23.5% for 2019. The FDP Global Equity Portfolio, Series I posted a net return of -1.6% for the first six-month period of 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 during the second quarter, offsetting in part the lows reached in March 2020.
The global stock market, as measured by the MSCI World Index, posted a net return of -1.0% 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 an 11.8% return, compared to -13.6%.
The U.S. stock market posted a net return of 1.8% in Canadian dollars, in part due to the performance of large cap growth stocks such as Amazon, Apple, Microsoft, Google and Facebook, and to the weakening of the Canadian dollar by 4.8% relative to the U.S. dollar.
All eurozone markets yielded negative returns of -8.4%, while Asian markets also fell by -1.7% in Canadian dollars.
Despite markets generally rebounding from their March 2020 lows and many economies partially reopening, the impact of the pandemic on the economic recovery remains uncertain.
The 2020 U.S. election will have repercussions on investor confidence in financial markets.