Gestion FÉRIQUE, the manager of FÉRIQUE Funds, said Monday tthe portion of FÉRIQUE Equity Fund that is currently managed by Natcan Investment Management Inc. will be managed by Fiera Sceptre Inc. as of April 30.
This change follows the announcement by National Bank of Canada and Fiera that they have entered into an asset purchase agreement under which Fiera will acquire Natcan’s business from National Bank of Canada. Natcan’s operations will be fully integrated into Fiera’s existing business. Fiera shareholders will voted on the agreement on March 29. Upon closing of the transaction, the firm will change its name to Fiera Capital.
Related changes will be made to FÉRIQUE Balanced Fund and FÉRIQUE Moderate Balanced Fund, which both invest in the FÉRIQUE Equity Fund in a proportion of 15% and 10% of their total assets, respectively.