Sprott Asset Management LP Announces Launch of Tax-Efficient Corporate Class Funds and Sprott Resource Class
17 Ottobre 2011 - 1:00PM
PR Newswire (Canada)
TORONTO, Oct. 17, 2011 /CNW/ - Sprott Asset Management LP
("Sprott") is pleased to announce the launch of Sprott Corporate
Class Inc. ("Corporate Class"), a mutual fund corporation designed
to provide greater tax-efficiency for investors. Corporate Class
will initially offer eight share classes, seven of which are
patterned after existing Sprott funds. "We are pleased to offer our
clients a more tax-efficient way to invest in Sprott's
award-winning funds and portfolio managers," said James Fox,
President of Sprott. As part of the Corporate Class launch, a new
fund, Sprott Resource Class ("The Fund"), will also be offered. The
Fund's investment team will be comprised of a number of Sprott's
resource experts including: Eric Sprott, Rick Rule, Paul Wong,
Charles Oliver, Jamie Horvat and Eric Nuttall. Paul Wong will
oversee the Fund's overall allocations to resource sub-sectors and
companies, consistent with the team's macro and sector views. The
Fund will also serve as the rollover vehicle for Sprott's
Flow-Through LPs. "The addition of Rick Rule and Paul Wong to our
firm earlier this year has enhanced our investment management
capabilities and added depth to our resource team," said Peter
Grosskopf, CEO of Sprott Inc. "We have assembled an
industry-leading team to manage Sprott Resource Class and expect
our clients to benefit from the combined investment expertise and
stock picking abilities of the Fund's managers." Rick Rule will act
as an Investment Strategist to the Fund. Mr. Rule is the Founder of
Global Resource Investments ("Global"), a company that was acquired
by Sprott Inc. in February 2010. At Global, Rick leads a team of
technical professionals with deep experience evaluating resource
investment opportunities. Paul Wong's education and background as a
Petroleum Geologist also adds to Sprott's growing team of technical
specialists. Mr. Wong has more than 20 years of experience in the
investment industry. Prior to joining Sprott, he was a Portfolio
Manager with Natcan Investment Management, where he managed three
top-performing, natural resource-related funds with more than $350
million in combined assets. Share classes of Sprott Corporate Class
Inc. include: Sprott Canadian Equity Class Sprott Diversified Yield
Class Sprott Energy Class Sprott Gold and Precious Minerals Class
Sprott Resource Class Sprott Short-Term Bond Class Sprott Small Cap
Equity Class Sprott Tactical Balanced Class About Sprott Asset
Management LP Sprott Asset Management LP (www.sprott.com), a wholly
owned subsidiary of Sprott Inc. (www.sprottinc.com), is a fund
company dedicated to achieving superior returns for its investors
over time. Sprott Asset Management LP manages assets primarily for
institutions, endowments and high net worth individuals and is the
investment manager of the Sprott Funds. Commissions, trailing
commissions, management fees and expenses all may be associated
with mutual fund investments. Please read the prospectus before
investing. Mutual Funds are not guaranteed, their values change
frequently and past performance may not be repeated. The
information contained herein does not constitute an offer or
solicitation by anyone in the United States or in any other
jurisdiction in which such an offer or solicitation is not
authorized or to any person to whom it is unlawful to make such an
offer or solicitation. Prospective investors should consult their
financial advisor to determine if these Funds may be sold in their
jurisdiction. Sprott Asset Management LP CONTACT: For further
information on Sprott Asset Management LP and SprottCorporate Class
Funds, please visit www.sprott.com/corporateclass orcall us at
(866) 299-9906 or email us at invest@sprott.com
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