Stressed and Special Situations

Strategy Overview

Investment approach

Stressed credit and special situation investments are comprised of: credit investments which are expected to go through or are already in the process of a debt restructuring; equity control investments in special situations; and portfolios of stressed assets. Fiera Capital (Asia) generally seeks to create value by leading financial restructurings, often gaining a position of significant influence in companies with sound underlying business fundamentals that have been adversely affected by movements in their industries, or that have balance sheet issues such as excess leverage. Fiera Capital (Asia) selectively uses equity control investments as a way to own hard assets and believes that its ability to invest across the capital structure is an important advantage in exploiting opportunities.

Key Characteristics

  • Sectors - hard asset collateral & visible cash flows
  • Geography - Asia ex-Japan
  • Currency - U.S. dollar denominated instruments
  • Legal jurisdiction - Loan & bond documentation governed by developed country law


Please read the simplified prospectus before investing. The amount of risk associated with any particular investment depends largely on your own personal circumstances including your time horizon, liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their financial advisor before making a decision as to whether this fund is a suitable investment for them.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The rate of return or mathematical table shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the mutual fund or returns on investment in the mutual fund. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns.