|
The Fund's objective is to maximize long-term total return.
The Fund primarily invests in equities, equity-related securities and
fixed-income securities of Canadian issuers. The Fund's asset mix varies
depending on market conditions and expected returns for each asset
class.
We remain focused on investing in the securities of high
quality issuers that generate sufficient dividends or interest payments to
allow the Fund to achieve its investment objectives, as well as units of equity
income securities that are undervalued and/or may be acquired at a premium to
their respective market prices.
2011 is the year in which all income trusts except REITs
became taxable entities and, as a result, virtually all have converted into
dividend paying corporations. While high unemployment and government debt
levels are expected to continue to challenge global economic growth over the
next 12 to 24 months, we believe the natural resource and equity income sectors
continue to be attractive areas for investment. Furthermore, companies offering
high levels of sustainable dividends will continue to attract significant
investor interest and achieve premium valuations as demographics change and
interest rates remain low.
The Fund is authorized to issue series of shares designated
as Series A and F. |
|
|