Fund outperforms S&P/TSX by 3.51%
MONTREAL, July 24, 2013 /CNW Telbec/ - Heward Investment Management Inc.
("Heward"), a Montreal-based portfolio management firm, today announced
that its Heward Canadian Dividend Growth Fund (the "Fund") marked its
fourth year on June 30, 2013 and has outperformed the S&P/TSX Total
Return Index over a one-, two-, three- and four-year period (also as of
June 30, 2013).
For the period of June 30, 2009 to June 30, 2013, the Fund delivered a
return of +10.50%. For the same period, the S&P/TSX Total Return Index
returned +6.99%. Therefore, the Fund outperformed the Index by +3.51%.
The Fund invests in a portfolio of 25 - 35 Canadian companies with
strong cash flows and a history of dividend payments. Independent
research shows that companies that grow their dividends typically
outperform the Index, over a 25-year cycle. Similarly, dividend-paying
companies have been shown to be significantly less volatile than other
"Now into its fifth year, I am pleased to say that the Fund has
consistently delivered value for our clients," says Renato Anzovino
CFA, Vice-President and Portfolio Manager, Heward. "The investment
philosophy that we presented four years ago has been validated and
remains unchanged. We look for high levels of predictability,
businesses we understand, products based on consumer needs - not wants,
free cash flows, low debt levels and proven management teams. The logic
behind dividend-based investing is very compelling and the success of
our Fund supports this approach. While the long term stability benefits
may be widely appreciated, our Fund has also shown its resilience in
the short term. For example, in the second quarter of this year, the
Index was down by more than 4%, whereas our Fund was only down by 1.5%,
in the same period. Unlike other funds that focus on companies that
pay-out a higher dividend, we focus on companies that are growing
dividends. So, unlike high-yield dividend funds, the Fund is designed
to do well in any environment," continues Mr. Anzovino.
"On behalf of the entire team, I'd like to congratulate Renato on the
continued performance of the Fund," notes Jamie Heward, President,
Heward. "The Fund's performance exemplifies our approach to portfolio
management and our emphasis on understanding client needs. Like many
investors, our clients want long-term growth with lower volatility.
Based on its performance, we are pleased to say that the Fund delivers
on these key objectives," concludes Mr. Heward.
About Heward Investment Management Inc.
Heward Investment Management has been providing client-focused portfolio
management services since 1981. The firm's independence and disciplined
investment management approach have made Heward Investment Management a
trusted partner by providing clients with value-added performance. For
more information, please visit www.heward.com.
SOURCE: Heward Investment Management Inc.
For further information:
For Heward Investment Management
Tel: (514) 499-9632
Mobile: (514) 576-2519