The FTQ Solidarity Fund “held up” during the trade war

The action of the FTQ Solidarity Fund “held up”, despite the trade war, while its value increased by 1.3 % for the period from December to May. Consequently,

Posted at 5:22 p.m.

The FTQ fund updated on Monday, the value of its action, at $ 64.52, which represents an increase of $ 0.81 compared to the last revision in December. Therefore,

Over a year, he posted a yield of 9.2 %, which represents a global result of 1.9 billion for the financial year ended on May 31. Furthermore,

The year took ftq solidarity fund “held up” place “in two stages” with a higher yield during the first half of the financial year. In addition, a more modest increase for the second part, explained its president and head of management, Janie Béïque, president and head of management, in a press release.

Over a longer period, the fund recorded a yield of 7 % over 3 years, 7.8 % over 5 years and 6.9 % over 10 years.

These data do not take into account the federal and provincial tax credit. A subscription to a worker fund can give the right to a combined tax credit of 30 %. a maximum of $ 1,500 for a contribution of $ 5,000.

The fund claims to have deployed 1.9 billion in investment during the financial year.

He finished the exercise with 808,000 shareholders-salaries and a net asset of 21.9 billion.

The FTQ fund has also announced that it will reveal the details of its next random selection. allowing new contributions by unique or automatic banking samples, during “of the next months”.