Montréal, October 31, 2014 – FÉRIQUE Funds highlighted their 40th anniversary yesterday with an event at the Montréal Science Centre that included the unveiling of the company’s new logo.
Offered to engineering graduates, their families and their businesses, FÉRIQUE Funds – which stands for Fonds d’épargne et de retraite des ingénieurs du Québec – were created in 1974 by the Ordre des ingénieurs du Québec to provide their members with retirement solutions adapted to their needs. Forty years later, the FÉRIQUE Fund family includes 11 mutual funds held by close to 22,000 clients, for a total of over $2 billion in assets under management.
For the last 15 years, the funds have been managed by Gestion FÉRIQUE, a financial institution which is independent from the Order but is committed to serving the interests of engineering professionals in Quebec. Gestion FÉRIQUE, which is celebrating its own 15th anniversary this year, acts as a “manager of managers,” setting the investment policies for its funds and hiring nationally and internationally recognized investment firms to manage the funds accordingly.
“FÉRIQUE Funds were the very first funds created specifically for professionals in Quebec, and they
opened the way for a number of other professions,” said Jacques Laparé, Eng., Chairman of the Board at Gestion FÉRIQUE. “Our business model stands out in the financial world since Gestion FÉRIQUE reinvests all profits for the sole benefit of its clients. This allows us to ensure some of the lowest fees in the mutual funds industry, and, through our subsidiary Services d’investissement FÉRIQUE, to offer clients advisory services for all their financial needs, at no extra charge.”
Forty years after their founding, FÉRIQUE Funds have developed far beyond retirement savings plans. Clients can build an integrated financial strategy using a variety of investment accounts, including TFSAs, RESPs, LIRAs, RRIFs and LIFs. The funds are also available to eligible businesses in the form of Group RRSPs.
“We celebrate our 40th anniversary under the theme Proud of the past, present for the future, because we are built on a solid foundation and our strategy for the future is to be present for our clients, offering them first-rate guidance at every stage of their lives,” says Fabienne Lacoste, CFA, President and CEO of Gestion FÉRIQUE. “Over the next few years, we will continue to deploy this strategy with a three-pronged approach: continuously improve our value proposition, strengthen distribution, and enhance the client experience.”
To reflect its evolution and vision for the future, FÉRIQUE will now adopt a new visual identity that establishes strong and unique branding across the organization while evoking the concepts of growth, openness and long-term prospects. It also reflects the scope of its value proposition through two companies solidly established in their respective roles: Gestion FÉRIQUE as a fund manufacturer, and Services d’investissement FÉRIQUE as a mutual fund dealer offering comprehensive investment and financial planning advisory services. To unveil its new logo and highlight its full range of services, the company has launched a new video, which can be viewed here (available in French only).
Ms. Fabienne Lacoste, CFA, CEO, Gestion FÉRIQUE and Mr. Jacques Laparé, Eng., MBA, Chairman of the Board, Gestion FÉRIQUE
About Gestion FÉRIQUE
Founded on October 12, 1999, Gestion FÉRIQUE (www.ferique.com) is the manager of FÉRIQUE Funds, launched in 1974 by the Ordre des ingénieurs du Québec. Gestion 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 11 mutual funds 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 over $2 billion in assets under management and almost 22,000 clients.
About Services d’investissement FÉRIQUE
Services d’investissement FÉRIQUE, a wholly owned subsidiary of Gestion FÉRIQUE, is registered as a mutual fund dealer and financial planning firm since April 24, 2007. The company offers FÉRIQUE Funds clients personalized advisory services, at no extra charge, via telephone representatives and a team of experts who travel across Quebec to meet with people at home or at work.
Note: FÉRIQUE is a trademark of Gestion FÉRIQUE and is used under license by its subsidiary, Services d’investissement FÉRIQUE. Gestion FÉRIQUE is an Investment Fund Manager, manager of the FÉRIQUE Funds. Services d’investissement FÉRIQUE is a Mutual Fund Dealer and a Financial Planning Firm, as well as the Principal distributor of the FÉRIQUE Funds. There may be commissions, trailing commissions, management fees and expenses associated with investment in the Funds. Management expense ratios vary from one year to another. Please read the prospectus before investing. Mutual funds are not guaranteed, their values fluctuate frequently and past performance may not be repeated. FÉRIQUE Funds are distributed by Services d'investissement FÉRIQUE, as Principal distributor. FÉRIQUE Funds pay management fees to Gestion FÉRIQUE allowing it to assume the fees of the portfolio managers, the fees relating to the marketing or distribution of the FÉRIQUE Funds and the administration fees of the manager of the FÉRIQUE Funds. Each of the Funds pays all of its own operating expenses. No commissions are payable by the unitholders for a subscription in the FÉRIQUE Funds if such subscription is made through Services d'investissement FÉRIQUE; brokerage fees could however be payable should the subscription be made through a representative’s firm.