JovTalisman Fund Will Have Exclusive Access to Ron Meisels' Technical
And Analytical Research
TORONTO, Oct. 14 /CNW/ - JovFunds Management Inc. ("JovFunds"), a
wholly-owned subsidiary of Jovian Capital Corporation ("Jovian") (JOV: TSX),
has called a special meeting of unitholders of the Jov Talisman Fund (the
"Fund") to approve changes to the investment objective and strategies of the
Fund and to approve the conversion of the Fund into an actively managed
Exchange Traded Fund ("ETF"). If approved by unitholders, the fundamental
investment objective of the Fund will be to achieve long-term capital growth
by investing primarily in equity securities that are constituents of the S&P
TSX 60 Index(R).
Ron Meisels has been an active analyst since 1971 and is the president
and founder of Phases & Cycles Inc. ("Phases & Cycles"), a firm specializing
in the independent research of Canadian securities. Mr. Meisels is the editor
for all Phases & Cycles publications including its TOP 60(R) portfolio report,
researching the best candidates among S&P/TSX 60 Index.
"We are excited to gain access to the analytical and technical research
that Ron provides," said Adam Felesky, Chief Executive Officer of JovFunds and
BetaPro Management Inc. "Ron's extensive knowledge and experience in technical
analysis of the S&P/TSX 60 will provide strong support for the Fund's adviser,
JovInvestment, and the launch of this product."
"I am very excited to be working with JovFunds on this new venture and to
have the opportunity to be part of one of Canada's first actively managed
ETFs," added Mr. Meisels.
The meeting will be held on December 1, 2008, and unitholders of record
on November 3, 2008, will be entitled to receive notice of and vote at the
meeting. If approved by unitholders, the Fund will be re-launched, subject to
regulatory approval, in December 2008 through a reorganization of the Series
A, F and I units of the Fund into the newly created series E units, and a name
Upon approval, the Fund will be one of the first actively managed ETFs
offered in Canada listed on the TSX. It will be actively rebalanced, provide
inter-day liquidity and will have a lower MER.
"We are very excited to be taking the next step in the evolution of
exchange traded funds - to active management," said Mr. Felesky.
Additionally, JovFunds and the adviser to the Fund, JovInvestment
Management Inc. ("JovInvestment"), have entered into an agreement with Ron
Meisels, with immediate effect, to provide JovInvestment with exclusive access
to his analytical and technical research services for such purposes. Effective
immediately, Strategic Analysis (1994) Corporation wil cease to be the
sub-adviser of the Fund. JovInvestment will continue to act as portfolio
manager of the Fund.
About Ron Meisels
Prior to founding Phases & Cycles, Mr. Meisels was Vice President and
Director of Technical Research of Nesbitt Thomson (now BMO Nesbitt Burns) from
1982 to 1990 where he was ranked among the top three technical analysts by
Canadian Institutions for six consecutive years in the Brendan Wood Survey.
Mr. Meisels is a regular guest on BNN and is frequently quoted by The Globe
and Mail, The National Post, Bloomberg, Canadian Press and Reuters. He is also
the founder and first President of the CSTA (Canadian Society of Technical
Analysis) and the first Secretary of the International Federation of Technical
About JovFunds Management Inc. (www.jovfunds.com)
JovFunds provides innovative investment solutions for Canadians through
the creation, distribution and management of high quality investment products.
JovFunds manages and distributes in excess of $2.2 billion in client assets
and is wholly owned by Jovian Capital Corporation. JovFunds also provides
exclusive distribution for the Horizons BetaPro ETFs.
About Jovian Capital Corporation (www.joviancapital.com)
Jovian acquires, creates and grows financial services companies
specializing in wealth and asset management. The Jovian group of companies
(MGI Securities Inc., MGI Securities (USA) Inc., Rice Financial Group Inc.,
BetaPro Management Inc., Horizons Funds Inc., JovFunds Management Inc.,
JovFunds Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc.,
T.E. Wealth and Felcom Data Services Inc.) manages $14.0 billion of client
assets ($6.0 billion in assets under management and $8.0 billion in assets
under administration). Additional information is available at
www.joviancapital.com and www.sedar.com.
For further information:
For further information: Steven Hawkins, Managing Partner, JovFunds
Management Inc., (416) 601-2442; Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744