Past performance does not guarantee future results.
1. Includes Cumberland’s composite of portfolios with investment objectives of 100% capital appreciation invested in global equities. The mandate’s inception was June 2005. Performance to June 2014 includes that of representative portfolio managed by Sukyong Yang at Cumberland and her firm, Concordia Capital. Total returns are annualized, gross of investment management fees but include all other costs.
2. Benchmark is the MSCI World Total Return Index, net of withholding taxes, in Canadian dollars.