OTTAWA, ON, Aug. 2, 2024 /CNW/ - MD Financial Management Inc. (MD) today announced the following sub-advisory changes, to be  effective on or about August 12, 2024:

• LSV Asset Management and Mawer Investment Management Ltd. will be replaced with Pzena Investment Management, LLC as sub-advisors for MDPIM International Equity Pool;
• Mawer Investment Management Ltd. will be replaced with Jarislowsky, Fraser Limited as sub-advisor for MD International Growth Fund; and
• LSV Asset Management and Jarislowsky, Fraser Limited will be replaced with Pzena Investment Management as sub-advisors for MD International Value Fund.

The change will not alter the funds' investment objectives or investment risk levels.

The revised MD Funds sub-advisory structure as of the effective date will be:

For more information, please contact an MD Advisor* or call MD Client Services at 1 800 267-2332.

About MD Financial Management Inc.

With more than 50 years of physician-focused experience, MD Financial Management Inc. (MD) is dedicated to providing financial peace of mind to Canada's physicians and their families, so they can enjoy what matters most to them while achieving their career and life goals. MD had more than $57 billion in assets under management as of April 30, 2024. MD Management Limited was the first of the MD Group of Companies to be founded, in 1969. MD Financial Management Inc. wholly owns MD Management Limited. For a detailed list of the MD Group of Companies, visit md.ca.

* MD Advisor refers to an MD Management Limited Financial Consultant or Investment Advisor (in Quebec) or an MD Private Investment Counsel Portfolio Manager.

SOURCE MD Financial Management Inc.