Heward Investment Management, a Montreal-based portfolio management firm, has added three new pooled funds to its offering.
The Heward Income Fund seeks to generate long term capital appreciation and investment income to provide an attractive total investment return with the potential for higher returns and income. The fund will invest in a diversified basket of debt securities, preferred shares, income trusts, real estate investment trusts, hybrid products and common shares.
The Heward Global Leader Fund seeks to generate consistent returns over the long term by identifying high-quality global businesses that are attractively priced, have high defendable barriers to entry, solid management teams, high returns on invested capital and consistent return of capital via dividends. It is suitable for clients seeking conservative blue chip dividend-paying stocks that follow the firm’s "growth-at-a-reasonable-price" investment philosophy.
The longstanding Heward Fund will now concentrate solely on an equity mandate. Focused on global equity investments, it will be renamed the Heward Equity Fund and will seek to achieve a superior long-term rate of return and safety of capital.
The Heward Canadian Dividend Growth Fund will not change its investment policy. It is a portfolio of high quality Canadian equity investments with strong cash flows and a history of increased dividend payments. It offers long term growth and lower volatility, predictable and reliable earnings, and value-added performance and returns. The fund outperformed its benchmark on a five-year basis by posting a return of 11.20 per cent vs 8.05 per cent for the S&P/TSX.
Heward Investment Management will continue to make all the investment decisions as Portfolio manager for the funds, while the role of investment fund manager and the exempt market dealer of the funds will be carried out by Majestic Asset Management. All Heward Funds are open to accredited investors and are available directly through Heward Investment Management or on Fundserv.
"The creation of three new funds allows us to optimise asset allocation and better serve our clients in response to their evolving needs," says James Heward (pictured), president and portfolio manager, Heward. "Our funds offer cost-effective and efficient investment solutions with a competitive fee structure and simplified tax reporting. By working with Majestic and sharing the important administrative functions of fund management, we are creating cost-savings for our clients. We believe that our funds are more attractive than ever and we look forward to discussing opportunities with our existing and prospective clients."
