MONTREAL, Jan. 27, 2015 /CNW/ - Formula Growth Limited is pleased to announce the recent launch of the Formula Growth Mutual Fund (the "Fund"). The Fund seeks to achieve long-term capital growth through capital appreciation by investing the Fund's portfolio primarily in U.S. equity securities of small to medium capitalization U.S. companies.
The Formula for Capital Growth
Formula Growth employs a bottom-up security selection method supplemented by a number of quantitative and qualitative analytical tools in the process of identifying investment opportunities which it believes are superior. The Fund will invest in equity securities of U.S. growth companies with management teams that Formula Growth identifies as outstanding, have strong brand identity or prospects, have a dedicated customer focus, and have a record of demonstrated financial performance.
The Fund is available for sale through Fundserv in Canadian dollar unhedged and U.S. dollar Series A, F and I.
About Formula Growth Limited
Formula Growth Limited is one of Canada's oldest and most renowned investment firms with a track record spanning over 54 years. Its original mutual fund, the Formula Growth Fund, was founded in 1960 and was recently the subject of a book entitled Up and to the Right by Mr. Craig Toomey. The book, published by the McGill-Queen's University Press, details how the Formula Growth Fund and its founder, the late John W. Dobson, and other original investors invested $10,000 each. Today, that same $10,000 is worth more than $7,000,000. Since its inception in June 1960, the Formula Growth Fund has compounded returns after fees at US$ 12.6% versus 10.1% for the S&P500 total return.
About "Up and to the Right"
In 1960, Montrealer John Dobson launched an informal investment club with a close group of friends and associates, including future Prime Minister John Turner. His Formula Growth Fund would go on to become one of North America's most successful investment funds, consistently outperforming the Dow Jones Industrial Average and attracting the likes of legendary investor Sir John Templeton.
With a foreword by His Excellency the Right Honourable David Johnson, Governor General of Canada, Up and to the Right tells the story behind John Dobson's Investment success as well as his many contributions to entrepreneurial education. The book provides valuable insight into Dobson's unconventional but disciplined investment approach, his uncanny ability to predict winning stocks, and his unwavering faith in the market despite its many ups and downs.
Commissions. trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated
SOURCE Formula Growth Limited
For further information: [email protected], 514-288-5136, 1.844.FGFUNDS