Interview Opportunity - Recession-Proof Your RSP with Resources and Dividends says GGOF



    TORONTO, Feb. 15 /CNW/ -

    
    WHY:
    ----
    The RSP season of 2008 may be better remembered for market volatility and
    recession fears than the usual discussions about long-term investing and
    retirement planning. However, as we approach the RSP deadline, Guardian
    Group of Funds (GGOF) and its leading international fund managers offer
    perspective and advice on where Canadian investors should consider
    putting their money this year. GGOF points to the impact of the growth in
    Asia as well as dividend paying stocks as a way of managing market
    volatility, as well as protecting against inflation and a possible U.S.
    recession.

    "In Asia the shift of more than 300 million people into the middle class
    has been creating a domino effect of unprecedented demand for raw
    materials and commodities. Resources, such as oil, gas and base metals
    are not only needed to satisfy consumer appetites for TVs, cell phones
    and cars, but to build the infrastructure of an increasingly
    consumer-driven society," said David Harding, Managing Director at
    Matthews International Capital Management, the sub-advisor firm which
    manages GGOF Asian Growth and Income Fund.

    "This surging domestic demand will protect the Chinese economy and buoy
    their demand for resources even in the face of a U.S. slowdown," added
    Harding.

    With the fear of a U.S. recession looming and the return of inflation
    driven by higher fuel and food prices as well as rising rents, stocks
    with a dividend attached should also be considered by Canadian investors.

    "In fact, when looking at the S&P /TSX composite index over the last
    10 years, stocks with a dividend outperformed their non-dividend
    counterparts. In terms of the current market environment, high dividend
    yields, particularly on large, blue-chip companies such as the banks, can
    often foretell strong stock performance for the next 12 months," said
    Michael Stanley, lead manager of GGOF Dividend Growth Fund and GGOF
    Canadian Equity Fund.

    According to Gavin Graham, Chief Investment Officer for Guardian Group of
    Funds, market ups and downs are inevitable and downturns offer a great
    opportunity to buy.

    "No one ever said it was going to be easy, and investors need to
    understand there will be volatile days. While it may seem boring, the
    long-term approach really is the best way of achieving financial
    success," said Graham. "At GGOF we feel that investors should consider
    buying a mutual fund that holds good profitable blue-chip companies with
    dividends that grow over time. This kind of investment provides a steady
    income stream as well as a dividend-tax credit. As part of a well
    diversified portfolio, Canadians should look at taking advantage of the
    growth in Asia; this includes global investing opportunities as well as
    looking at sectors such as resources, right here in our backyard."

    WHAT:
    -----
    GGOF experts are available to discuss:
        -  Buying opportunities that capitalize on the growth in Asia
        -  A review of dividend paying stocks
        -  Strategies to help investors to deal with market volatility and
           protect against a recession
        -  U.S. and Canadian interest rates
        -  The return of inflation
        -  U.S. impact on the Chinese and other international economies
        -  China and the "Olympic Effect"
        -  An overview of Canadian equities during the last year
        -  Outlook for energy prices
    WHO:
    ----
    -  Gavin Graham, Chief Investment Officer, GGOF
    -  David Harding, Managing Director at Matthews International Capital
       Management, the sub-advisor firm which manages GGOF Asian Growth and
       Income Fund GGOF Asian Growth and Income Fund
    -  Michael Stanley, lead manager of GGOF Canadian Equity Fund and GGOF
       Dividend Growth Fund
    





For further information:

For further information: Media Contacts: JoAnne Hayes, Toronto,
joanne.hayes@bmo.com, (416) 867-3996; Laurie Grant, Vancouver,
laurie.grant@bmo.com, (604) 665-7596; Lucie Gosselin, Montreal,
lucie.gosselin@bmo.com, (514) 877-1101

Organization Profile

BMO GUARDIAN FUNDS

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890