Global Wealth Management Fund Files Preliminary Prospectus



    /THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
    DISTRIBUTION TO U.S. NEWS WIRE SERVICES./

    TORONTO, April 2 /CNW/ - frontierAlt Investment Management Corporation
("frontierAlt"), the manager of Global Wealth Management Fund (the "Fund"), is
pleased to announce that it has filed and has received a receipt from the
securities regulators of all the Canadian provinces and territories for the
preliminary prospectus dated March 28, 2007 relating to the initial public
offering of units (the "Units") of the Fund.
    The Fund has been created to provide investors with exposure to an
actively managed, global, diversified portfolio of publicly traded issuers
involved in the wealth management business (the "Global Wealth Managers").
Global Wealth Managers include those issuers engaged in the mutual fund,
brokerage, private banking and insurance businesses; issuers engaged in
alternative asset management, including the management of private equity,
infrastructure and hedge funds; as well as issuers whose business is related
to the provision of services to the foregoing, such as securities exchanges
and custodians.
    MFC Global Investment Management (Canada), a division of Elliott & Page
Limited, a Manulife Company ("MFC Global"), will act as the investment advisor
to the Fund and will actively manage the portfolio on behalf of the Fund. The
net proceeds of the offering will be invested in a portfolio comprised
primarily of common shares and other equity securities ("Equity Securities")
of Global Wealth Managers selected by MFC Global. MFC Global expects that the
resulting portfolio will be comprised of the Equity Securities of
approximately 40-60 Global Wealth Managers diversified by geography.
    The Fund's investment objectives are (a) to provide holders of Units with
quarterly cash distributions, initially targeted to yield 6% per annum, based
on the issue price of $10.00 per Unit; and (b) to preserve and enhance net
asset value.
    The syndicate of agents for this offering is being co-led by CIBC World
Markets and RBC Capital Markets, and includes BMO Capital Markets, National
Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord
Capital Corporation, Dundee Securities Corporation, HSBC Securities (Canada)
Inc., Raymond James Ltd., Blackmont Capital Inc., Richardson Partners
Financial Limited, Wellington West Capital Inc., Berkshire Securities Inc. and
Desjardins Securities Inc.
    Based in Toronto, frontierAlt specializes in the manufacturing and
distribution of structured products, flow-through limited partnerships and
mutual funds.
    MFC Global, one of North America's largest and most experienced asset
managers, and its affiliates provide investment advisory and portfolio
management services to institutional clients and investment funds and, as of
December 31, 2006, had over $240 billion in assets under management.

    A preliminary prospectus relating to these securities has been filed with
securities commissions or similar authorities in each of the provinces and
territories of Canada but has not yet become final for the purpose of a
distribution to the public. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be any sale or
any acceptance of an offer to buy these securities in any province or
territory of Canada prior to the time a receipt for the final prospectus or
other authorization is obtained from the securities commission or similar
authority in such province or territory.




For further information:

For further information: Asif Khan, Chairman & CEO, frontierAlt
Investment Management Corporation, Tel: (416) 623-3161, Fax: (416) 360-6202,
e-mail: akhan@frontieralt.com; Kurankye Sekyi-Otu, Executive Vice-President,
frontierAlt Investment Management Corporation, Tel: (416) 623-3171, Fax: (416)
360-6202, e-mail: ksekyiotu@frontieralt.com; www.frontieralt.com

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GLOBAL WEALTH MANAGEMENT FUND

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