{"id":9709,"date":"2017-06-26T08:30:37","date_gmt":"2017-06-26T12:30:37","guid":{"rendered":"https:\/\/wwwprodaz.fprofessionnels.com\/?p=9709\/"},"modified":"2025-03-28T15:25:14","modified_gmt":"2025-03-28T19:25:14","slug":"pf-announces-changes-to-range-of-funds","status":"publish","type":"post","link":"https:\/\/www.fprofessionnels.com\/en\/pf-announces-changes-to-range-of-funds\/","title":{"rendered":"Professionals\u2019 Financial &#8211; Mutual Funds Inc. announces changes to its range of funds"},"content":{"rendered":"<p><strong>Montreal, June 26, 2017<\/strong> \u2013 Professionals\u2019 Financial &#8211; Mutual Funds Inc. (\u201cFDP\u201d) announces the following changes to its range of funds:<\/p>\n<h5>Appointment of two (2) portfolio sub-managers for the FDP Canadian Dividend Equity Portfolio<\/h5>\n<p>As investment fund manager of the <a href=\"https:\/\/www.fprofessionnels.com\/en\/our-investments\/our-range-of-mutual-funds\/canadian-dividend-equity\/\">FDP Canadian Dividend Equity Portfolio<\/a>, FDP announces the signing of two (2) new portfolio sub-advisory agreements: one with Lincluden Investment Management Limited (\u201cLincluden\u201d) and the other with Manulife Asset Management Limited (\u201cManulife\u201d). As of July\u00a01, 2017, these new sub-managers will each manage part of the assets of the FDP Canadian Dividend Equity Portfolio. Another portion of the assets of the FDP Canadian Dividend Equity Portfolio will remain managed by Professionals\u2019 Financial \u2013 Private Management Inc. (\u201cPrivate Management\u201d), as portfolio sub-manager, and a last portion of the assets of the FDP Canadian Dividend Equity Portfolio will remain managed internally by FDP, as portfolio manager.<\/p>\n<p>Peter C. Chin and James D. Lampard will be the individuals principally responsible for the investment advisory services provided to the FDP Canadian Dividend Equity Portfolio by Lincluden. Alan W. Wicks and Conrad Dabiet will be the individuals principally responsible for the investment advisory services provided to the FDP Canadian Dividend Equity Portfolio by Manulife.<\/p>\n<h5>Change of mutual fund risk classification methodology and risk rating for the FDP Canadian Equity Portfolio and the FDP Emerging Markets Equity Portfolio<\/h5>\n<p>As investment fund manager of the <a href=\"https:\/\/www.fprofessionnels.com\/en\/our-investments\/our-range-of-mutual-funds\/canadian-equity\/\">FDP Canadian Equity Portfolio<\/a> and the <a href=\"https:\/\/www.fprofessionnels.com\/en\/our-investments\/our-range-of-mutual-funds\/emerging-markets-equity\/\">FDP Emerging Markets Equity Portfolio<\/a>, FDP announces that the investment risk rating of the FDP Canadian Equity Portfolio is reduced from \u201cMedium to High\u201d to \u201cMedium\u201d and the investment risk rating of the FDP Emerging Markets Equity Portfolio is increased from \u201cMedium\u201d to \u201cMedium to High\u201d.<\/p>\n<p>These changes stem from the adoption by FDP of the new standardized mutual fund risk classification methodology to identify a mutual fund\u2019s risk rating in fund facts, published by the Canadian Securities Administrators on December\u00a08, 2016.<\/p>\n<p>The new investment risk ratings of the FDP Canadian Equity Portfolio and the FDP Emerging Markets Equity Portfolio will not result in any change to the investment objectives or strategies for these funds.<\/p>\n<h5>Change of management fees for the FDP Canadian Equity Portfolio, the FDP Canadian Dividend Equity Portfolio, the FDP Canadian Bond Portfolio and the FDP Short Term Fixed Income Portfolio<\/h5>\n<p>As investment fund manager of the <a href=\"https:\/\/www.fprofessionnels.com\/en\/our-investments\/our-range-of-mutual-funds\/canadian-equity\/\">FDP Canadian Equity Portfolio<\/a>, FDP intends to increase the management fees for this fund as of October\u00a01, 2017. The annualized management fees payable by the FDP Canadian Equity Portfolio, which are expressed as a percentage of its net asset value, will be increased from 0.95% to 1.10%. This change should enable maintaining a diversified Canadian equity portfolio management through multi-manager operations integrating high caliber external managers.<\/p>\n<p>As investment fund manager of the <a href=\"https:\/\/www.fprofessionnels.com\/en\/our-investments\/our-range-of-mutual-funds\/canadian-dividend-equity\/\">FDP Canadian Dividend Equity Portfolio<\/a>, FDP also intends to increase the management fees relating to the management of this fund as of October\u00a01, 2017. The annualized management fees payable by the FDP Canadian Dividend Equity Portfolio will be increased from 0.95% to 1.10%. This change should enable the addition of high caliber external managers for part of the Fund\u2019s assets.<\/p>\n<p>FDP has submitted these management fee increases to the <a href=\"https:\/\/www.fprofessionnels.com\/en\/about\/governance\/independent-review-committee\/\">Independent Review Committee<\/a> for these funds which, after due diligence, informed FDP that in its opinion these management fee increases achieve a fair and reasonable result for the two (2) funds.<\/p>\n<p>In accordance with the simplified prospectus of these funds and securities regulations, holders of units of the FDP Canadian Equity Portfolio and the FDP Canadian Dividend Equity Portfolio will receive written notice at least sixty (60) days before these management fee increases take effect.<\/p>\n<p>Moreover, as investment fund manager of the <a href=\"https:\/\/www.fprofessionnels.com\/en\/our-investments\/our-range-of-mutual-funds\/canadian-bond\/\">FDP Canadian Bond Portfolio<\/a>, FDP intends to decrease the management fees of this fund as of October\u00a01, 2017. The annualized management fees payable by the FDP Canadian Bond Portfolio fund will be reduced from 0.95% to 0.85%. This change seems advisable given the current context of low interest rates.<\/p>\n<p>Lastly, as investment fund manager of the <a href=\"https:\/\/www.fprofessionnels.com\/en\/our-investments\/our-range-of-mutual-funds\/short-term-fixed-income\/\">FDP Short Term Fixed Income Portfolio<\/a>, FDP intends to decrease the management fees of this fund as of October\u00a01, 2017. The annualized management fees payable by the FDP Short Term Fixed Income Portfolio fund will be reduced from 0.85% to 0.70%. This change seems advisable given the current context of low interest rates.<\/p>\n<p><strong>About Professionals\u2019 Financial<\/strong><\/p>\n<p>Professionals\u2019 Financial offers private management and financial planning products and services, as well as a complete range of mutual funds. Established in 1978 by and for professionals, the Financial is committed to keeping its management fees among the lowest in the Canadian market. It is affiliated with the <a href=\"https:\/\/www.fprofessionnels.com\/en\/about\/our-shareholders-partners\/fmsq\/\">F\u00e9d\u00e9ration des m\u00e9decins sp\u00e9cialistes du Qu\u00e9bec<\/a>, the <a href=\"https:\/\/www.fprofessionnels.com\/en\/about\/our-shareholders-partners\/acdq\/\">Association des chirurgiens dentistes du Qu\u00e9bec<\/a>, the <a href=\"https:\/\/www.fprofessionnels.com\/en\/about\/our-shareholders-partners\/cnq\/\">Corporation de service de la Chambre des notaires<\/a>, the <a href=\"https:\/\/www.fprofessionnels.com\/en\/about\/our-shareholders-partners\/aappq\/\">Association des architectes en pratique priv\u00e9e du Qu\u00e9bec<\/a> and the <a href=\"https:\/\/www.fprofessionnels.com\/en\/about\/our-shareholders-partners\/aqpp\/\">Association qu\u00e9b\u00e9coise des pharmaciens propri\u00e9taires<\/a>. Thanks to this affiliation, the Financial is uniquely positioned in terms of impartiality, representation of its clients\u2019 interests and market performance.<\/p>\n<p>Visit the Professionals\u2019 Financial website at: <a href=\"https:\/\/www.fprofessionnels.com\/en\/\" target=\"_blank\" rel=\"noopener\">www.fprofessionnels.com\u00a0<\/a><\/p>\n<p style=\"text-align: center;\">&#8211; 30 &#8211;<\/p>\n<div class=\"fonds-encadre\">\n<p><strong>Source<\/strong><br \/>\nProfessionals\u2019 Financial \u2013 Mutual Funds Inc.<\/p>\n<p><strong>Information<\/strong><br \/>\nFran\u00e7ois Landry<br \/>\nSenior Vice-President and Chief Investment Officer<br \/>\nProfessionals\u2019 Financial<br \/>\n2 Complexe Desjardins<br \/>\nTour de l&#8217;Est, 31st Floor, P.O. Box 1116<br \/>\nMontreal, Quebec H5B 1C2<br \/>\nTelephone: 514-350-5095<br \/>\nFax: 514-350-5155<br \/>\n<a href=\"mailto:flandry@www.fprofessionnels.com\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5173 size-full content-img\" src=\"\/wp-content\/uploads\/2016\/06\/Picto_icone_enveloppe_mailto.png\" rel='colorbox-img' alt=\"\" width=\"20\" height=\"13\" \/><\/a><br \/>\nFor further information: <a href=\"https:\/\/www.fprofessionnels.com\/en\/\" target=\"_blank\" rel=\"noopener\">www.fprofessionnels.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Montreal, June 26, 2017 \u2013 Professionals\u2019 Financial &#8211; Mutual Funds Inc. (\u201cFDP\u201d) announces the following changes to its range of funds: Appointment of two (2) portfolio sub-managers for the FDP Canadian Dividend Equity Portfolio As investment fund manager of the FDP Canadian Dividend Equity Portfolio, FDP announces the signing of two (2) new portfolio sub-advisory <a class=\"read-more\" href=\"https:\/\/www.fprofessionnels.com\/en\/pf-announces-changes-to-range-of-funds\/\">[&#8230;]<\/a><\/p>\n","protected":false},"author":6,"featured_media":3277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[49],"tags":[],"categorie-profession":[],"class_list":["post-9709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Professionals\u2019 Financial - Mutual Funds Inc. announces changes to its range of funds &#8902; fdp Gestion priv\u00e9e<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fprofessionnels.com\/fdp-annonce-changements-gamme-de-fonds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Professionals\u2019 Financial - Mutual Funds Inc. announces changes to its range of funds\" \/>\n<meta property=\"og:description\" content=\"Montreal, June 26, 2017 \u2013 Professionals\u2019 Financial &#8211; Mutual Funds Inc. (\u201cFDP\u201d) announces the following changes to its range of funds: Appointment of two (2) portfolio sub-managers for the FDP Canadian Dividend Equity Portfolio As investment fund manager of the FDP Canadian Dividend Equity Portfolio, FDP announces the signing of two (2) new portfolio sub-advisory [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fprofessionnels.com\/fdp-annonce-changements-gamme-de-fonds\/\" \/>\n<meta property=\"og:site_name\" content=\"fdp Gestion priv\u00e9e\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Fprofessionnels\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-26T12:30:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-28T19:25:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fprofessionnels.com\/wp-content\/uploads\/2013\/07\/Pastille_CommuniquePresse.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"220\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"No\u00e9mie Dubois\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Fprofessionnels\" \/>\n<meta name=\"twitter:site\" content=\"@Fprofessionnels\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"No\u00e9mie Dubois\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.fprofessionnels.com\/fdp-annonce-changements-gamme-de-fonds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.fprofessionnels.com\/fdp-annonce-changements-gamme-de-fonds\/\"},\"author\":{\"name\":\"No\u00e9mie Dubois\",\"@id\":\"https:\/\/www.fprofessionnels.com\/en\/#\/schema\/person\/f239963664ff421dd6394297fa167f32\"},\"headline\":\"Professionals\u2019 Financial &#8211; 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(\u201cFDP\u201d) announces the following changes to its range of funds: Appointment of two (2) portfolio sub-managers for the FDP Canadian Dividend Equity Portfolio As investment fund manager of the FDP Canadian Dividend Equity Portfolio, FDP announces the signing of two (2) new portfolio sub-advisory [...]","og_url":"https:\/\/www.fprofessionnels.com\/fdp-annonce-changements-gamme-de-fonds\/","og_site_name":"fdp Gestion priv\u00e9e","article_publisher":"https:\/\/www.facebook.com\/Fprofessionnels\/","article_published_time":"2017-06-26T12:30:37+00:00","article_modified_time":"2025-03-28T19:25:14+00:00","og_image":[{"width":220,"height":200,"url":"https:\/\/www.fprofessionnels.com\/wp-content\/uploads\/2013\/07\/Pastille_CommuniquePresse.jpg","type":"image\/jpeg"}],"author":"No\u00e9mie Dubois","twitter_card":"summary_large_image","twitter_creator":"@Fprofessionnels","twitter_site":"@Fprofessionnels","twitter_misc":{"Written by":"No\u00e9mie Dubois","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.fprofessionnels.com\/fdp-annonce-changements-gamme-de-fonds\/#article","isPartOf":{"@id":"https:\/\/www.fprofessionnels.com\/fdp-annonce-changements-gamme-de-fonds\/"},"author":{"name":"No\u00e9mie Dubois","@id":"https:\/\/www.fprofessionnels.com\/en\/#\/schema\/person\/f239963664ff421dd6394297fa167f32"},"headline":"Professionals\u2019 Financial &#8211; 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