Ottawa-based MD Financial Management Inc. (MD) has announced on Wednesday that Manulife Asset Management Ltd. and Franklin Templeton Investments Corp., both based in Toronto, are now managing the majority of MD’s fixed-income assets.
“Within a well-defined risk framework, we now have the ability to add further value to portfolios by investing in diversified asset classes with interest rate dynamics that diverge from the domestic-fixed income market,” says William Horton, chief investment officer at MD, in a statement.
“Working with our partners Manulife Asset Management and Franklin Templeton Investments, we can take advantage of their specialist investment teams who have demonstrated the ability to identify superior investment opportunities,” he adds. “Through a dynamic allocation process, across a wide range of asset classes, we look to generate exceptional risk-adjusted returns to help enhance our clients’ financial outcomes.”
Manulife Asset Management and Franklin Templeton are now subadvising MD Short Term Bond Fund, MD Bond Fund, MDPIM Canadian Long Term Bond Pool and MDPIM Canadian Bond Pool.
This is an expansion of MD’s pre-existing relationship with both asset managers.
MD is owned by the Canadian Medical Association and provides wealth-management services to physicians. It has more than $40 billion in assets under administration.