Professionals’ Financial – Mutual Funds Inc. announces changes to the management of FDP Emerging Markets Equity Portfolio
Montréal, November 23, 2018 – Professionals’ Financial – Mutual Funds Inc. (“FDP”), the investment fund manager and portfolio manager of FDP Emerging Markets Equity Portfolio (the “Fund”) announces the internalisation of the portfolio management of the Fund’s assets and changes to the investment strategies of the Fund.
Internalisation of the Fund’s portfolio management
Since August 2008, the Fund’s assets were entrusted to sub-manager State Street Global Advisors, Ltd. (“State Street”). FDP today announces the internalisation of the portfolio management of the assets of the Fund. Mr. Yann Furic, Portfolio Manager, Asset Allocation and Alternative Strategies at FDP, will be the individual principally responsible for the investment advisory services provided by FDP to the Fund
Changes to the investment strategies of the Fund
Concurrently with the internalisation of the Fund’s portfolio management, FDP also today announces changes to the investment strategies of the Fund. The changes will aim at reducing the volatility of the Fund’s returns and improve the added value perspectives
About Professionals’ Financial
Professionals’ Financial offers private management products and services, financial planning solutions, as well as a complete range of mutual funds. Established in 1978 by and for professionals, the Professionals’ Financial is committed to keeping its management fees among the lowest in the Canadian market. It is affiliated with the Fédération des médecins spécialistes du Québec, the Association des chirurgiens-dentistes du Québec, the Corporation de service des notaires, the Association des architectes en pratique privée du Québec and the Association québécoise des pharmaciens propriétaires. Thanks to this affiliation, Professionals’ Financial is uniquely positioned in terms of impartiality, representation of its clients’ interests and market performance.