Wealth management company the Professionals' Fund Group has added the Professionals' Dividend Fund to its line of mutual funds.
The objective of the fund is to provide investors with an above-average dividend yield and achieve capital growth over a medium to long-term perspective. The fund, consisting of 30 to 70 securities, invests primarily in a diversified portfolio of shares and income trust units of Canadian corporations, paying a dividend and composed principally of large capitalization issuers. Its management fees is 0.95% per year, which is the lowest in the Canadian market.