Montreal, October 28th, 2020 - As the manager of the FÉRIQUE Funds, Gestion FÉRIQUE announced today the addition of a second portfolio sub-manager to the FÉRIQUE European Equity Fund.
On or around November 23rd, 2020, Walter Scott & Partners Limited will join Lazard Asset Management (Canada) as sub-manager of the FÉRIQUE European Equity Fund. Following this change, Walter Scott & Partners Limited will manage approximately 30% to 50% of the Fund and the current portfolio sub-manager, Lazard Asset Management (Canada), will manage approximately 50% to 70% of the Fund. The investment objective of the FÉRIQUE European Equity Fund will remain unchanged.
Also announced today, starting January 1st, 2020, Gestion FÉRIQUE will charge a transfer fee of $150 plus applicable sales taxes for all full transfers of registered plans to another financial institution.
About Gestion FÉRIQUE
Founded on October 12, 1999, Gestion FÉRIQUE (www.ferique.com) is the manager of the FÉRIQUE Funds. FÉRIQUE is the only not-for-profit mutual fund company in Canada whose sole purpose is to serve the interests of engineers, engineering graduates and their families. The firm offers 15 mutual funds, including 5 portfolios diversified across all asset classes. Management of the Funds is entrusted to renowned investment firms, handpicked by Gestion FÉRIQUE based on their asset class expertise. FÉRIQUE Funds have more than $3 billion in assets under management and over 22,500 clients as of September 30, 2020.