NCM Asset Management Ltd. announces portfolio manager change

October 19, 2021

CALGARY, Alberta  – NCM Asset Management Ltd. (“NCM”), the manager of a strategically focused group of public mutual funds, alternative investment funds, and related products and services, announced plans to appoint Cidel Asset Management Inc. (“Cidel”) sub-advisor to NCM Core Income Fund (the “Fund”), effective November 1, 2021. Gary Morris, responsible for the overall management of the fixed income team at Cidel, has been named lead portfolio manager. NCM continues as portfolio manager and there are no material changes to the investment objective or strategy of the Fund.

Gary has been part of Canada’s fixed income community for over 30 years and has a 25-year track record as a lead bond manager.

“Gary’s excellent track record and utilization of fundamental, technical and non-systematic factors makes him a great fit for the NCM Core Income Fund,” said Wan Kim, Senior Vice President, National Sales and Marketing.

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About NCM – NCM Asset Management Ltd.

For over 20 years, NCM has been one of Canada’s leaders in actively managed investment products. With a family of actively managed funds, NCM has earned multiple awards recognizing its investment success. NCM is an independent Canadian investment firm with offices in Calgary and Toronto, distributing retail mutual funds and related products and services to Canadian investors, through a third-party distribution channel. 

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Brad DimitroffInvestment Operations Manager

Brad is Investment Operations Manager at NCM Investments. Based in Toronto, he has been with the firm since 2015. His responsibilities include the management and oversight of NCM’s vendor relationships, as well as providing day-to-day operational support for all areas…

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Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management’s control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.