5 New Funds Launched
TORONTO, Oct. 16, 2013 /CNW/ - Portfolio Strategies Securities Inc.
(PSSI) has launched five new mutual funds in its Foundation Portfolio
Series. The funds will initially be available through Portfolio
Strategies Securities Inc., the Investment Dealer regulated under
IIROC, and Portfolio Strategies Corporation (PSC), the mutual fund
dealer regulated under the MFDA.
The Foundation Funds are tactically balanced mutual funds primarily
invested in Exchange Traded Funds or ETFs. PSSI will actively manage
the portfolios to include both fixed income investments and equity
oriented ETFs. ETFs will be selected based on their quality, size and
Neil Gilday, Chief Executive Officer, says, "We began developing an
investment practice based on ETFs after identifying a shift in the
investment spectrum. ETFs had been around for many decades but only
became cost effective in building portfolios after their dramatic
increase in popularity following the advent of online discount
brokerage services. Our effort began with assembling data and data
services on the over 1,400 ETFs offered across the various North
American exchanges. After three and a half years of planning,
researching, building, testing and investing, we are excited to be
bringing our Foundation Series Funds to market."
Investing in indexes and enhanced index strategies has been common
practice for decades in many of the largest investment management firms
(pensions in particular). Historically, firms would enlist a trader and
software to best track an index using a representative basket of
securities. ETFs take the labour out of investing in index strategies.
In addition, the ETF universe includes much more than just broad
John Poulter, Chief Investment Officer, explains, "PSSI's actively
managed tactical program will adjust the fund's holdings to ensure that
the portfolio allocation represents both the highest investment value
and the best diversification potential. Our funds are invested globally
and hold ETFs that track major equity and fixed income indexes around
the world. We use a value seeking process to determine index expected
returns which should also ensure that investors will enjoy superior
long term results."
John Poulter expands on this further, "Our funds are different from
other tactical ETF programs as we actively include targeted, specific
securities to enhance our tactical mix. Our objective is to both
improve returns and balance risks that can be embedded in certain
ETFs. We like to think that investors are getting the best of both
worlds of indexation and active securities selections."
Studies show that asset allocation provides a significant portion of any
fund's long term returns. With an effective dynamic asset allocation
program, investors should be confident that the Foundation Series Funds
will provide highly risk-managed and cost effective investment
About Portfolio Strategies
Portfolio Strategies Securities Inc. is an investment dealer
headquartered in Toronto, Ontario and registered from British Columbia
to Quebec. PSSI has retail advisory, corporate finance and asset
management divisions servicing individuals and corporate clients.
SOURCE: Portfolio Strategies Securities Inc.
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Portfolio Strategies Securities Inc.