|
|
|
| |
| Additional information |
| |
| Tradex Management Inc. |
| |
| |
Mission statement:
To provide past and present public sector employees and their families with an unbiased, cost-effective, trustworthy source for a complete range of consistent, high-performance mutual funds and related services. |
|
 |
|
Vision:
Being the best informed, approachable, no fee mutual fund dealer available to past and present public sector employees and their families. |
|
|
|
History:
At Tradex, we’re proud of our long and successful history of serving the investment needs of public sector employees and their families. Founded in 1960, Tradex is one of Canada’s oldest mutual fund companies. We’re unique since we are 100% investor owned and operate on an "at cost" basis for the benefit of our members.
A humble beginning
Tradex was founded through the efforts of five members of Canada’s foreign service who wanted to invest in stocks at low cost and with confidence while posted abroad. To avoid any conflict of interest, they proposed that professional investment counsel be engaged to manage the portfolio. They were able to convince the Privy Council Office of the merits of their proposal and thus the first Tradex no-load mutual fund was created in 1960. Initially, the Fund was restricted to employees of the former Federal Departments of Trade and Commerce and External Affairs, hence the “Tradex” name.
Twelve months after the first stocks had been purchased, there were 147 Tradex Members and total assets amounted to $119,000. There was no office and no employees, just a telephone number and a ten-member volunteer Board of Directors who met monthly.
Years of rapid growth and innovation
In the 1970’s, the Tradex fund became available to all past and present federal government employees and their families and in subsequent steps also to provincial and municipal government employees, including employees of Crown Corporations.
For almost 30 years, Tradex consisted of only one mutual fund, a Canadian equity fund. In order to give members greater diversification, a bond fund was launched in 1989. Subsequently, we added a global equity fund and a high-yield daily interest savings account. Also, we began offering labour sponsored venture capital funds. Then, in 1999, Tradex expanded the choice yet again to offer GICs and a wide variety of mutual funds managed by other fund companies.
Tradex today—strong and still growing
Today, Tradex Management Inc. has over 3,700 investors with approximately $150 million in assets under administration. In Ontario, Quebec and British Columbia, Tradex is also a licensed mutual fund dealer (regulated by the provincial securities commissions and the Mutual Fund Dealers Association of Canada). Because of this, past and present public sector employees and their families living in these provinces can purchase, commission free, the three proprietary Tradex Funds as well as hundreds of other mutual funds through us. In addition, Tradex offers GICs issued by a number of banks and trust companies and very competitive high-yield daily interest savings accounts.
In addition to being a member of the Mutual Fund Dealers Association of Canada (MFDA) and MFDA Investor Protector Corporation, Tradex is also a member of the Investment Funds Institute of Canada (IFIC) and Registered Deposit Brokers Association of Canada (RDBA). |
|
|
|
|
|
|
|
 |
|
 |
|
|
