Newport Investment Counsel Inc.

Newport Investment Counsel Inc.

April 11, 2006 12:12 ET

Newport Investment Counsel Engages Canso to Manage Fixed Income Portfolios

TORONTO, ONTARIO--(CCNMatthews - April 11, 2006) - Newport Investment Counsel Inc., manager and trustee of the Newport Funds, today announced the appointment of Canso Investment Counsel Ltd. ("Canso") as sub-advisor to The Newport Fixed Income Fund and The Newport Yield Fund. Established in 1997 by Mr. John Carswell, Canso specializes in the management of corporate bond portfolios. Mr. Carswell has more than 20 years of experience in the analysis of bonds and the management of bond portfolios. Canso's approach to business encompasses extensive bottom up research on each issuer, utilizing the collective experience of the team to assess credit and ascertain prospective cash flows.

Canso will manage a component of The Newport Fixed Income Fund with a directive to invest in investment grade corporate bonds, and a component of The Newport Yield Fund with a directive to invest in a broad portfolio of corporate bonds.

About Newport

Newport Investment Counsel Inc. is a Toronto-based firm wholly owned by Newport Partners LP. Newport provides personal and corporate wealth management to individuals and families and currently has $1.2 billion of assets under management.

Contact Information

  • Newport Partners LP
    Kelly Willis
    (416) 867-7555