Sprott Asset Management to offer 3 new precious metals related funds

TORONTO (Commodity Online): Sprott Asset Management will launch of three new precious metals-related funds on February 28, 2012. Sprott Silver Equities Class is the first fund of its kind in Canada, while Sprott Silver Bullion Class is the first silver bullion fund to be offered within a mutual fund corporation structure.

Sprott Gold Bullion Class is also being launched to provide investors with greater investment choice within Sprott Corporate Class Inc. ("Corporate Class"), a mutual fund corporation designed to provide greater tax-efficiency for investors. With the addition of these three funds, Corporate Class now offers eleven different share classes for investors to switch between without triggering an immediate taxable event.

"We are pleased to build on our leadership position in the precious metals category", said James Fox, President of Sprott. "With the launch of these new funds, we continue to demonstrate our commitment to developing innovative new products to help our clients achieve their investment objectives."

Sprott's bullion funds are a convenient, liquid and cost-effective way to hold physical gold and silver, while the Sprott Silver Equities Class invests primarily in mining companies that are focused on silver exploration and production. "We strongly believe that investors should have an allocation to precious metals in their portfolios," said Eric Sprott, Chief Investment Officer of Sprott.

Original source

Comments

Post a Comment

Popular posts from this blog

Kyle Bass On Rehypothecation And Other Keynesian Endgame Scenarios

If readers have the sense there has been a deluge of Kyle Bass reading (and viewing) materials on Zero Hedge in the past two weeks, it is because there has been: and why not - after all, unlike all other cheap talking heads, and know-nothing pundits who merely need a suit to make an appearance on one of the TV's financial comedy channels, Kyle has been consistent in the most important thing - telling the truth. Today, he took his resurgent popularity to CNBC which always knows which way the winds blow, and told David Faber more or less everything that Zero Hedge readers know already about Europe's collapse, on why the ECB will print but only after a default, and about the inevitable global debt restructuring. There was a twist: as most regulars here know, the key topic of the past week, of December, and potentially of 2011, is the limitless "fractional Prime Broker lending" of assets-cum-liabilities (and when it comes to the realization that one's gold itself m
Read more

Jim Sinclair - CB’s Trying to Keep Gold from Rising Violently

Today legendary trader and investor Jim Sinclair told King World News that central banks are trying to keep the price of gold from rising violently. Sinclair also believes we are entering a period where currencies will lose their ability to function as money and instead will act more like casino chips, while gold ascends. Here is what Sinclair had to say about the ongoing financial crisis: “What needs to be understood by our listeners, Eric, is when a haircut takes place, what you give with one hand, you take with another. Now the problem becomes the problem of a bank’s asset having been reduced and the bank’s ability to function reduced and the bank’s abilities to positively pass tests of liquidity have been reduced. And the psychology of the stability of a system has been reduced.” Jim Sinclair continues: “When that takes place there has to be something on the other side called liquidity, which is injected into the banks to overcome the haircut reduction. Not only that, but
Read more