Fiera expands its fund offering

Montreal-based Fiera Capital Corp. has added two funds to its existing product lineup: Fiera Capital Defensive U.S. Equity Fund and Fiera Capital Defensive Global Equity Fund. Both funds aim to provide long-term capital appreciation by investing primarily in U.S. and global equity securities through the existing Fiera Capital U.S. and Global Equity funds. The new funds employ risk- and portfolio-management techniques to reduce exposure to equities, with the goal of ensuring that downside risks are limited. Advisor commissions are 0%-5% for front-end sales, and 2.5% for the low-load option. There is no deferred option for either fund. Redemption fees begin at 3% in Year 1 and end at zero after Year 3 for the low-load schedule. Trailing commissions are 1% for front end sales; and 0.5% for the first three years of low-load sales, and 1% thereafter. Management fees for Fiera Capital Defensive U.S. Equity Fund are 2% for A-class units and 1% for F-class units; for Fiera Capital Defensive Global Equity Fund, the fees are 2.25% for A-class units and 1.25% for F-class units. Minimum investment for both funds is $5,000.

(cohara@investmentexecutive.com).