Fund outperforms S&P/TSX by 3.46%
MONTREAL, July 17, 2012 /CNW Telbec/ - C.F.G. Heward Investment Management Ltd. ("Heward"), a privately-owned provider of discretionary portfolio management services to high net worth individuals, family trusts, estates, holding companies, charitable foundations and financial advisors, today announced that its C.F.G. Heward Canadian Dividend Growth Fund (the "Fund") has outperformed the S&P/TSX Total Return Index over a 1-, 2- and 3-year period, as of June 30, 2012.
For the period of June 30, 2009 to June 30, 2012, the Fund delivered a return of +10.15%. For the same period, the S&P/TSX Total Return Index returned +6.69%. Therefore, the Fund outperformed the Index by +3.46%.
The Fund invests in a portfolio of Canadian companies with strong cash flows and a history of steady and/or increasing dividend payments. Studies have shown that companies that consistently grow their dividends have historically outperformed the S&P/TSX Index.
"The main criteria for inclusion in the Fund are quite simple: companies must have a history of increasing their dividends," says Renato Anzovino CFA, Vice-President and Portfolio Manager, Heward. "Furthermore, companies' management must have a willingness to increase dividends in the future, and the financials must support this. We are very proud of these results, which have been achieved by adhering to a philosophy of delivering high income with low volatility and consistent performance results," continues Mr. Anzovino.
"On behalf of the firm, I'd like to congratulate Renato and his team for the success of the Fund," adds James Heward, President, Heward. "The Fund exemplifies our dedication to the fundamental objectives of capital preservation and long-term growth. As always, by aiming to minimize volatility and deliver a stable stream of income, we continually strive to meet our clients' objectives," concludes Mr. Heward.
About C.F.G. Heward Investment Management Ltd.
Founded in 1981, C.F.G. Heward Investment Management Ltd. ("Heward") is a privately-owned investment management firm serving high net worth individuals, family trusts, estates, holding companies, charitable foundations and financial advisors. The firm adheres to the fundamental objectives of capital preservation and long-term growth. For more information, please visit www.heward.com.
For further information:
For C.F.G. Heward
Tel: (514) 499-9632
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