Tangerine Investments Launches New Dividend Portfolio

November 3, 2016 

Launching today, Tangerine’s Dividend Portfolio provides investors with a combination of capital appreciation and dividend income while maintaining the key features of Tangerine’s four existing portfolios: smart, low-cost and long-term investing through an indexing strategy. This new Dividend Portfolio joins a lineup of award-winning funds that are among the top investing products in Canada*.

“For nearly a decade, we’ve used our digital platform and indexing strategy to deliver high-performing and low-cost funds to help our Clients reach their long-term financial goals,” said David McGann, Director, Tangerine Investments. “Our Funds give our Clients an alternative to the high fees that actively-managed mutual funds typically charge.”

Tangerine Investment Funds use an indexing strategy, which is an alternative to traditional, active management where someone is picking and choosing individual investments that they hope will outperform the market. History has shown that over the long term, most actively managed funds don’t outperform the market**, so indexing can be a smarter approach for long-term growth potential, no matter what phase of life you’re in.

They are also low-cost. Tangerine Investment Funds have a Management Expense Ratio (MER) of 1.07%, which is about half the industry average***, and the funds don’t charge many of the typical fees Clients see with other providers, such as annual administration fees, transaction fees and Deferred Sales Charges.

The new Tangerine Dividend Portfolio maintains this low-cost indexing approach while seeking to provide capital appreciation and dividend income by investing in equity securities of companies from around the world that are expected to have a high dividend yield. The Fund follows a prescribed allocation among three distinct asset classes: Canadian dividend equity, U.S. dividend equity, and international dividend equity.

For more information on Tangerine Investment Funds, please visit tangerine.ca/en/investing.

About Tangerine Investment Funds 
Tangerine Investment Funds are managed by Tangerine Investment Management Inc. (formerly known as ING DIRECT Asset Management Limited) and are available by opening an Investment Fund Account with Tangerine Investment Funds Limited (formerly known as ING DIRECT Funds Limited). Both firms are wholly-owned subsidiaries of Tangerine Bank. With more than $2 billion in assets under management, Tangerine Investment Funds Limited is the principal distributor of Tangerine Investment Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. All securities, including mutual funds present a risk of loss of capital. To understand risk better, you may also want to look at the specific risks for mutual funds and how they could affect their value. The principal risk factors for the Tangerine Investment Funds include Index Risk, Equity Risk, Foreign Investment Risk, Foreign Currency Risk and Fixed Income Investment Risk. For a full list of the Funds' risk factors and details about them, see the What Are the Risks of Investing in a Mutual Fund Generally section of the Funds' Simplified Prospectus.

About Tangerine 
Tangerine is a direct bank that delivers simplified everyday banking to Canadians. With more than 2 million Clients and close to $38 billion in total assets, we’re Canada's leading direct bank. Tangerine offers banking that is flexible and accessible, products and services that are innovative, fair fees, and award-winning Client service. From no-fee daily chequing and high-interest savings accounts, GICs, RSPs, TFSAs, mortgages and mutual funds, Tangerine has the everyday banking products Canadians need. With over 1,000 employees in Canada, our presence extends beyond our website and Mobile Banking app to our Cafés, Pop-Up Locations, Kiosks and 24/7 Contact Centres. Tangerine was launched as ING DIRECT Canada in 1997. In 2012 it was acquired by Scotiabank, and operates independently as a wholly-owned subsidiary.

Follow us on Twitter @TangerineBank.

For more information, visit tangerine.ca