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Fiera Capital Corporation Announces Risk Level Change to the Hedged Series of Fiera Capital Defensive Global Equity Fund, Merger of Fiera Capital Equity Growth Fund and Capping of Series A of Fiera Capital Core Canadian Equity Fund
Fiera Capital Corporation Announces Risk Level Change to the Hedged Series of Fiera Capita...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n\n\n\nFiera Capital Corporation Announces Risk Level Change to the Hedged Series of Fiera Capital Defensive Global Equity Fund, Merger of Fiera Capital Equity Growth Fund and Capping of Series A of Fiera Capital Core Canadian Equity Fund\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Nov. 2, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES ORDISSEMINATION IN THE UNITED STATES/\n MONTREAL, Nov. 2, 2018 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) (\"Fiera Capital\" or the \"Company\") today announced the following changes to certain of the Fiera Capital Mutual Funds:\nChange of Investment Risk Level of the Hedged Series of Fiera Capital Defensive Global Equity Fund\nFiera Capital today announced that the investment risk level of the series AH and FH (the \"hedged series\") of Fiera Capital Defensive Global Equity Fund has been changed from \"medium\" to \"low to medium\". \nThis change will be reflected in the amendments to the simplified prospectus, annual information form and fund facts of the Fiera Capital Mutual Funds that will be filed on or about November 2, 2018.\nThis change results from the application of the industry wide updated risk classification methodology introduced by the Canadian Securities Administrators to determine the investment risk level of investment funds (the \"CSA Methodology\"), and is not a result of any changes to the investment objectives, strategies or management of the hedged series. More specifically, because the hedged series have been in existence for less than 10 years, the CSA Methodology requires that the standard deviation of the hedged series used to determine their risk level be calculated by using the return history of the hedged series and imputing the return history of a reference index for the remainder of the 10-year period. In accordance with the CSA Methodology, Fiera Capital's most recent calculation of the risk level of the hedged series spans over a more recent 10-year evaluation window which no longer includes the four months of 20...