The International Scholarship Foundation (ISF), the sponsor and promoter of the USC Education Savings Plans, today announced the appointment of two new investment managers for the USC Family Group Education Savings Plan.

The ISF has appointed Fiera Capital Inc. as an investment manager of the plan. Along with Addenda Capital Inc. and Guardian Capital LP, who continue to be investment managers for the plan, Fiera will actively manage a portion of the plan.

As well, ISF has appointed TD Asset Management Inc. to manage a portion of the plan using an indexed investment management approach.

ISF says these changes to the plan are not expected to have a significant impact on the overall level of risk associated with an investment in the plan, which “remains a conservative investment fund suitable for investors focusing on a long term savings program.”

“The plan’s investment philosophy, style and method remain the same,” it adds.

Fiera was also appointed investment manager for the USC Family Multiple Student Education Savings Plan, the USC Family Multiple Student Education Savings Plan – Grandfathered, the USC Family Single Student Education Savings Plan and the USC Family Single Student Education Savings Plan – Grandfathered.

USC Education Savings Plans Inc., a wholly owned subsidiary of the ISF, has been distributing RESPs for more than 40 years and administers more than $2.3 billion.