TORONTO, Sept. 29, 2017
TORONTO, Sept. 29, 2017 /CNW/ - The Board of Directors of United Corporations Limited (TSX:UNC) (TSX:UNC.PR.A) (TSX:UNC.PR.B) (TSX:UNC.PR.C) ("United") announces that it plans to allocate $100 million of its assets to emerging markets mandates; $50 million will be invested in LSV Emerging Markets Small Cap Equity Fund, LP and $50 million in Burgundy Emerging Markets Equity Fund.
The LSV mandate is managed by LSV Asset Management, a value equity manager whose head office is in Chicago, Illinois. The Burgundy mandate is managed by Burgundy Asset Management, a fundamental value-driven investment manager whose head office is in Toronto.
The $100 million will be sourced equally from the two global mandates managed by Jarislowsky Fraser Limited and ValueInvest Asset Management S.A.
SOURCE United Corporations Limited
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Frank J. Glosnek, Treasurer, Telephone: (416) 947-2578, Fax: (416) 362-2592, www.ucorp.caCopyright CNW Group 2017