MD Financial Management Inc. Proposes Changes to Two of Its Funds

March 8, 2019
MD Financial Management Inc. (MD) today announced proposed changes to the investment objectives of the MDPIM Canadian Bond Pool and the MDPIM Canadian Long Term Bond Pool on or about May 31, 2019, subject to receipt of unitholder approval. A special meeting of unitholders will be held on April 23, 2019, for unitholders of record as of March 13, 2019, to approve the following recommended proposals: 
  1. For the MDPIM Canadian Bond Pool, to invest in Government of Canada, provincial, municipal, corporate and asset-backed bonds with, on average, short terms of maturity, rather than short to mid-terms of maturity. This will help to reduce portfolio volatility during unexpected market conditions, while continuing to provide income.
  2. For the MDPIM Canadian Long Term Bond Pool, to invest in Government of Canada, provincial, municipal, corporate and asset-backed bonds with a full range of maturities, rather than, on average, longer terms of maturity. This will help improve capital preservation, mitigate the risk of loss in a portfolio when interest rates are increasing, and diversify risk.
“We are confident these changes will add to the strength and breadth of the MDPIM Fixed Income Pools. They support our commitment to always looking out for our clients’ best interests,” said Mike Gassewitz, MD’s Executive Vice President, Client Solutions.
If unitholders vote in favour of these proposed changes, MD may adjust the investment strategies of the MDPIM Canadian Bond Pool and the MDPIM Canadian Long Term Bond Pool to implement the new investment objectives. If quorum is not met on April 23, the meeting will be adjourned to on or about May 7, 2019.
Once these changes are approved and implemented, MD will change the names as follows to more accurately reflect the new investment objectives:
  • MDPIM Canadian Bond Pool will be renamed MDPIM Short-Term Bond Pool.
  • MDPIM Canadian Long Term Bond Pool will be renamed MDPIM Bond Pool. 
Following approval and implementation of the changes, MD Private Investment Counsel clients’ portfolios will be rebalanced as necessary to ensure they continue to align with clients’ personal investment objectives. 
Should they have any questions, clients are encouraged to contact their MD Advisor or MD Client Services at 1 800 267-2332. Unitholders who are entitled to vote will receive information about the special meeting of unitholders (including how to vote) via mailings scheduled to be sent out on or about March 22, 2019.
About MD Financial Management Inc.
With 50 years of physician-focused experience, MD has one main goal: to help Canada’s physicians achieve financial well-being.
MD has more than $49 billion in assets under administration and is dedicated to serving Canada’s physicians and their families. MD provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit
Media contact
Katie O’Dell
Lead, External Communications
647 472-5857
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