Michael Butler, President of Pro-Financial Asset Management (Pro) – one of the fastest growing fund companies in Canada – is excited to announce the launch of Pro’s latest product: the Pro FTSE NA Dividend Index Fund.
The fund will track an index, custom designed and developed by FTSE Group, that applies a screening methodology to focus the index on securities with the highest forecasted dividend yields. Based on the FTSE Custom North American Dividend Index, the new fund is designed to provide monthly income to investors through a portfolio of North American dividend paying securities.
The composition of the fund will include 35 constituents of the FTSE RAFI Canada Index and 15 constituents of the FTSE RAFI US 1000 index, with each security equally weighted on the annual rebalance date. A monthly distribution will be paid as dividend income and return of capital. To minimize currency risk, the fund will hedge its US dollar exposure.
Highlights of the fund include:
“We have enjoyed great success in our partnership with FTSE Group, and we are very proud to launch a new fund based on a custom built index,” said Pro founder + CEO Stuart McKinnon. “The Pro FTSE NA Dividend Index Fund selects the 50 highest forecasted dividend yielding companies from the Canadian and US FTSE RAFI indices. This unique methodology is designed to generate a high level of income, and provide investors with some protection from market bubbles by underweighting overpriced stocks and placing greater emphasis on undervalued companies. We are looking forward to further growth as we continue to meet investor needs in Canada.”
Pro-Financial Asset Management Inc. was founded in 2002 in response to the rapidly changing needs of Canadian investors and the industry professionals who service them. The firm is a pioneer in delivering the award winning FTSE RAFI methodology to Canadian Investors through its Pro-Index Funds and Pro-Guaranteed Funds divisions. This line-up of segregated and index funds ensures that the benefits of fundamental indexing are available to investors through the entire Canadian distribution channel. Pro-Financial Asset Management is fully committed to becoming Canada's leading investment solutions partner and is one of the fastest growing fund families in Canada.
FTSE Group (“FTSE”) is a world leader in the creation and management of indices. With offices in London, Beijing, Dubai, Frankfurt, Milan, Mumbai, Hong Kong, Madrid, New York, Paris, San Francisco, Sydney, Shanghai and Tokyo, FTSE works with investors in 77 countries globally. It calculates and manages a comprehensive range of equity, fixed income, real estate and investment strategy indices, on both a standard and custom basis. The company has collaborative arrangements with a number of stock exchanges, trade bodies and asset class specialists around the world. FTSE indexes are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Any indicated rates of return are historical annual compounded total returns, including changes in share or unit values and reinvestment of all dividends or distributions, and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not covered by the Canada Deposit Insurance Corporation or by any other government insurer. Mutual funds are not guaranteed and their values may change frequently. Past performance may not be repeated.
