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Fund Overview

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.

Investment Objectives

  • 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.

Summary

Volatility:

Average

Category: Global Equity
Start Date: April 29, 2005
RRSP Admissibility: Yes, 100% eligible

Benchmark: MSCI World in Canadian dollars


Assets*: $1,037,902,592
Number of Securities: 162

Target Asset Mix:

  • Emerging Markets Equity: 0%
  • Global 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 EAFE ETF 3.4%
Invesco S&P 500 Equal Weight ETF 3.4%
Invesco QQQ Trust, Series 1 3.2%
iShares Russell 2000 Index Fund ETF 2.5%
Cash and Cash Equivalent 2.1%
Alphabet Inc., Cl. A 1.9%
Aon PLC, Cl. A 1.8%
Nestlé SA Registered Shares 1.7%
Accenture PLC, Cl. A 1.7%
Microsoft Corporation 1.7%
SPDR S&P 500 ETF Trust 1.7%
Comcast Corporation, Cl. A 1.6%
The Charles Schwab Corporation 1.4%
Alibaba Group Holding Limited 1.3%
Roche Holding AG 1.3%
Texas Instruments Incorporated 1.2%
Canadian Pacific Railway Limited 1.2%
Diageo PLC 1.2%
Boston Scientific Corporation 1.2%
Fiserv, Inc. 1.2%
Taiwan Semiconductor Manufacturing Company, Ltd., ADR 1.1%
Johnson & Johnson 1.1%
Medtronic Public Limited Company 1.1%
Reckitt Benckiser Group PLC 1.1%
Adidas AG 1.0%
Net asset value as at March 31, 2021 1007 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 Global Equity Portfolio, Series A posted a net return of 11.5% for 2020, versus 23.5% for 2019. The FDP Global Equity Portfolio, Series I posted a net return of 12.9% 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 the fourth quarter, positive news about COVID-19 vaccines, central banks’ intention to  maintain an  accommodating monetary policy for an extended period and the U.S. President-elect’s plan to introduce additional stimulus contributed to market performance and caused the Energy, Financials and Industrials sectors to rebound.

The global stock market, as measured by the MSCI World Index, posted a net return of 13.9% in Canadian dollars for 2020. Featuring a significant exposure to IT securities, the  growth-style approach outperformed its value-style counterpart during the period, posting a 34.0% return, compared to -1.6%.

The U.S. stock market, as measured by the S&P 500 Index, posted a net return of 16.3% in Canadian dollars, in part due to the performance of large cap growth stocks such as Amazon, Apple, Microsoft, Alphabet and Facebook. The growth-style approach outperformed its value-style counterpart during the year, with each posting a 33.9% and a 0.5% return, respectively.

All eurozone markets yielded positive returns of 3.5%, while Asian markets also climbed by 17.6% in Canadian dollars.

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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