*** Renato Anzovino, CFA, Vice President, Portfolio Manager and Director of Research, Heward Investment Management, Available for Comment ***
MONTREAL, Nov. 28, 2017 /CNW Telbec/ - As Portfolio Manager of the Heward Investment Management Inc. (Heward) Canadian Dividend Growth Fund (the Fund), Renato Anzovino, CFA, is well positioned to comment on issues related to dividend growth in Canada.
The current investment climate is characterized by factors that contribute to general uncertainty, including: fluctuations in interest rates, currency volatility and an uncertain outlook on energy prices.
As evidenced by successful dividend growth investment strategies, the following indicators may identify opportunities in the Canadian market that offer higher returns and reduced risk:
- Companies with experienced management teams, compelling valuations, strong fundamentals and solid track records of earnings visibility and predictability.
- Companies with free cash flows and strong balance sheets.
- Companies that continue to grow dividends.
"In addition to the issues discussed, there is another point that may be somewhat underestimated: immigration," says Renato Anzovino, Portfolio Manager, Heward. "Canada is expected to admit about one million new immigrants in the next three years. The benefits that this demographic growth will deliver are expected to be very significant. Experts have identified immigration as the best way to offset our declining birth rate, aging population and accelerated retirements. The landscape for Canadian investors may be fairly daunting but there are bright spots, as the performance of our Fund suggests."
The Fund outperformed its benchmark by more than 3%, with growth of 14.69% for the year ending October 31, 2017 – compared to 11.48% growth for the S&P/TSX, for the same period.
About Renato Anzovino, CFA
Renato Anzovino has 20 years of experience in portfolio management. Prior to joining Heward in 2003, he was a Vice President at a prominent investment management firm. His previous experience extends to the Royal Trust and Royal Bank Financial Group, where he was a portfolio manager in the private client division. Renato is an active member of the Montreal Society of Financial Analysts.
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.
SOURCE Heward Investment Management Inc.
For further information: To schedule an interview with Mr. Anzovino, please contact: Mark Lowe, PRagmatic Communications, [email protected], (514) 499-9632, (514) 576-2519