Fiera Capital enhances its mutual fund lineup

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Fiera Capital enhances its mutual fund lineup

Canada NewsWire

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES/

MONTREAL, Sept. 7, 2017 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or the "Firm") announced today improvements to its lineup of mutual funds. Fiera Capital, as manager of the mutual funds, regularly conducts reviews of its product shelf to ensure they continue to meet the evolving needs of advisors and investors.

"We made a number of enhancements to our funds lineup in direct response to the increasing need of Canadian investors who are looking for quality of choice and accessibility." said Julie Lalonde, Executive Vice President, Retail Markets and Strategic Investment Partnerships. "These enhancements are consistent with our plan to develop our Retail Markets business and to offer Fiera Capital's differentiated investment solutions to financial advisors and their clients."

The following changes have been made in the Fiera Capital Mutual Funds' simplified prospectus.

Lower Management Fee on Series F

Fiera Capital has lowered management fees on Series F for the following funds:

 


Current Management Fee

New Management Fee

Fiera Capital Income and Growth Fund

1.00%

0.85%

Fiera Capital High Income Fund

1.00%

0.85%


 

These lower Management Fees are expected to result in lower Series F Management Expense Ratios (MERs) for the above-mentioned funds. These reductions are effective since August 29, 2017.  

Fund name changes

The following funds have been renamed. Fiera Capital believes the new fund names more clearly reflect the funds' investment mandate.

 

Previous Fund Name

New Fund Name

Fiera Capital Bond Fund

Fiera Capital Diversified Bond Fund

Fiera Capital Balanced Fund

Fiera Capital Income and Growth Fund

 

 

 

The name change has no impact on the funds' investment objectives.

Distribution policy changes

Starting September 2017, distribution policies will be changed on Fiera Capital's income-oriented funds to better reflect their investment mandate.

 


Current Distribution Policy

New Distribution Policy




Fiera Capital Diversified Bond Fund

Semi-annual & Variable

Quarterly & Variable




Fiera Capital Income and Growth Fund

Monthly & Variable

Current Target: 4% annual rate

Paid Monthly




Fiera Capital High Income Fund

Monthly & Variable

Current Target: 5% annual rate

Paid Monthly

 

"These funds can now better serve income-seeking investors with a more predictable and potentially tax efficient cash flows." said Julie Lalonde. The monthly distribution will generally consist of net income and/or return of capital.

New currency hedged series offering

Fiera Capital provides investors greater flexibility in choosing currency exposure by enhancing its currency hedged series offering on Fiera Capital Defensive Global Equity Fund.

 


New Currency Hedged Series

Fiera Capital Defensive Global Equity Fund

AH, FH

 

 

Available today, the hedged series will provide flexibility for Canadian investors to invest in global equities while hedging their exposure to foreign currency.

Fiera Capital Defensive Global Equity Fund is co-managed by Fiera Capital's award winning Global Equity team led by Nadim Rizk, for which only the best performing and highest-conviction investment ideas are selected, and by Fiera Capital's Systematic Investments Strategies team as they apply an innovative and disciplined defensive risk-management overlay.

About Fiera Capital Corporation

Fiera Capital is a leading independent asset management firm with more than C$125 billion in assets under management as of June 30, 2017. The Firm provides institutional, retail and private wealth clients with access to full-service integrated money management solutions across traditional and alternative asset classes. Clients and their portfolios derive benefit from Fiera Capital's depth of expertise, diversified offerings and outstanding service. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. www.fieracapital.com

In the U.S., asset management services are provided by the Firm's U.S. affiliates, Bel Air Investment Advisors LLC and Fiera Capital Inc., investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC). Further, Charlemagne Capital (UK) Limited and Charlemagne Capital (IOM) Limited are both registered as investment advisers with the SEC. Charlemagne Capital (UK) Limited is authorized and regulated by the Financial Conduct Authority in the United Kingdom and Charlemagne Capital (IOM) Limited is licenced by the Isle of Man Financial Services Authority. Registration with the SEC does not imply a certain level of skill or training.

 

SOURCE Fiera Capital Corporation

View original content: http://www.newswire.ca/en/releases/archive/September2017/07/c6759.html

Copyright CNW Group 2017

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