New funds expand product offering to better serve evolving client needs
MONTREAL, Nov. 1, 2016 /CNW Telbec/ - Heward Investment Management Inc. (Heward), a Montreal-based portfolio management firm, today announced the addition of three new pooled funds.
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 our "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 successful 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 continues to perform well, outperforming its benchmark on a five-year basis by posting a return of 11.20% vs 8.05% for the S&P/TSX.
Heward Investment Management Inc. will continue to make all the investment decisions as Portfolio Manager for the Funds, while the role of Investment Fund Manager ("IFM") and the Exempt Market Dealer ("EMD") of the Funds will be carried out by Majestic Asset Management LLC ("Majestic"). All Heward Funds are open to accredited investors and are available directly through Heward Investment Management or on "Fundserv" if an investor wishes to use another financial institution.
"The creation of three new funds allows us to optimize asset allocation and better serve our clients in response to their evolving needs," says James Heward, 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."
About Heward Investment Management Inc.
Heward has been providing client-focused portfolio management services since 1981. The firm's independence and disciplined investment management approach have made Heward a trusted partner by providing clients with value-added performance. For more information, please visit www.heward.com.
About Majestic Asset Management LLC
Founded in 2006, Majestic is known for its Fund Platform which provides cost-effective solutions to manage investment funds. The Fund Platform offers economies of scale at various levels and serves as a facilitator for portfolio managers wishing to manage funds.
SOURCE Heward Investment Management Inc.
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