TORONTO, Jan. 19, 2021 /CNW/ - United Corporations
Limited (TSX: UNC) (TSX: UNC.PR.A)
(TSX: UNC.PR.B) (TSX: UNC.PR.C) ("United") announces that it has
appointed Comgest Asset Management International Limited,
("CAMIL"), an international asset manager, to provide portfolio
management services for a portion of its assets in their Comgest
Global Equity Strategy.
Macquarie Investment Management Europe S.A ("Macquarie") will no
longer provide portfolio management services to United.
As part of the transition in portfolio management services, the
Macquarie portfolio will be allocated to Comgest, the Causeway
Global Value Equity Strategy ('Causeway'), and to the Harding
Loevner Global Equity Strategy ("Harding Loevner").
Additionally, during the month of January, United's investments
in the Burgundy Emerging Markets Equity Fund and the LSV Emerging
Markets Small Cap Equity Fund will also be redeemed.
Following these transitions, Comgest will manage approximately
40% of United's assets, Harding Loevner approximately 40%, and
Causeway 20%.
CAMIL is part of the Comgest group which is an independent,
international asset management group, with headquarters in
Paris and offices in Amsterdam, Boston, Brussels, Dublin, Düsseldorf, Hong Kong, Milan, Singapore, Tokyo and a representative office in
London. Since inception in 1985,
Comgest has pursued a long-term 'Quality Growth' investment style
with the objective of selecting quality companies with solid
prospects for sustainable growth. With more than 180 employees of
30 different nationalities, Comgest serves a diverse global client
base and manages assets of over $39
billion (estimated data as of 31
December 2020).
SOURCE United Corporations Limited