Montreal-based Heward Investment Management Inc. has three new pooled funds.
The Heward Income Fund seeks to generate long-term capital appreciation and investment income. The fund invests in a diversified basket of debt securities, preferred shares, income trusts, real estate investment trusts, hybrid products and common shares.
Read: What to know about investing within a trust
The Heward Global Leader Fund seeks to generate consistent returns over the long term by identifying high-quality, attractively priced global businesses with high barriers to entry, solid management teams, high returns on invested capital and consistent dividends.
The Heward Fund, now called the Heward Equity Fund, will now concentrate solely on global equities. It seeks a superior long-term rate of return and safety of capital.
Read: Most advisors bullish on stocks for Q4
All Heward funds are available to accredited investors directly through the firm or on Fundserv.
As portfolio manager for the funds, Heward makes all investment decisions, while the roles of investment fund manager and exempt market dealer are carried out by Majestic Asset Management.
Also read: Are client portfolios ready for P2P lending?