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: 170
Target Asset Mix:
- Emerging Markets Equity: 0%
- Global Equity: 100%
- Short Term: 0%
*As at May 24, 2019
- 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, 2019
|iShares MSCI World Index ETF||14,50%|
|Accenture PLC Cl. A||2,00%|
|Aon PLC Cl. A||1,80%|
|Comcast Corporation Cl. A||1,70%|
|Taiwan Semiconductor Manufacturing Company, Ltd. ADR||1,60%|
|Alphabet Inc. Cl. A||1,60%|
|Texas Instruments Incorporated||1,50%|
|Cash and Cash Equivalent||1,40%|
|Roche Holding AG||1,30%|
|PPG Industries Inc.||1,20%|
|Reckitt Benckiser Group PLC||1,20%|
|Pernod Ricard SA||1,20%|
|Union Pacific Corporation||1,10%|
|The Sherwin-Williams Company||1,10%|
|JPMorgan Chase & Co.||1,00%|
|Fidelity National Information Services, Inc.||1,00%|
|Johnson & Johnson||1,00%|
|Thermo Fisher Scientific Inc.||1,00%|
|Compass Group PLC||0,90%|
|Analog Devices, Inc.||0,90%|
Net asset value as at May 24, 2019
|462 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 Interim Management Report of Fund Performance (Operating Results), June 2019.
The FDP Global Equity Portfolio, Series A posted a net return of 13.3% for the first six-month period of 2019, versus -0.5% for 2018. The FDP Global Equity Portfolio, Series I posted a net return of 14.0% for the first half of the year.
- The global stock market, as measured by the MSCI World Index, posted a net return of 11.9% in Canadian dollars over the first half of 2019.
- Featuring a significant exposure to IT securities, the growth-style approach outperformed its value-style counterpart during
the period, posting a 15.9% return in Canadian dollars compared to 8.0%.
- Supported by positive economic growth, an economy at full employment and the U.S. Federal Reserve’s (Fed) shift in rhetoric, the U.S. stock market, as measured by the S&P 500, posted a net return of 13.4% in Canadian dollars.
Despite the slowdown in the manufacturing sector in Germany and Japan, eurozone markets yielded positive returns of 10.8% in Canadian dollars, while Asian markets also grew by 5.8% in Canadian dollars.
The slowdown in global economic growth, exacerbation of trade tensions between the United States and China and a moderate inflation rate led central banks, including the U.S. Federal Reserve and the European Central Bank in particular, to implement a new approach and adopt a more accommodative monetary policy.