Picton Mahoney Asset Management celebrates the successful one-year anniversary of Fortified Funds, liquid alt solutions for all investor portfolios. Français
TORONTO, Nov. 7, 2016 /CNW/ - The funds are designed as core holdings that offer investors more protection when investing in traditional asset classes to make it easier to stay invested and grow wealth over time.
"We're pleased that Fortified Funds have done what they were designed to do: protect and grow wealth in changing market conditions," explains President and Lead Canadian Portfolio Manager David Picton. "This past year has provided several tests of our strategy, including the momentum unwind that loomed over the first two months of 2016. Thanks to their rules-based hedging layer, our Fortified Funds were able to mitigate losses during the extended global equity market downturn."
"Brexit was another opportunity for our funds to shine," continued Fortified Multi-Asset Portfolio Manager Michael White. "We were well hedged for tail risk going into the vote and benefitted from portfolio 'insurance' both ways as the market recovered fairly swiftly."
"What we've learned this year is that our hedging expertise can be transferred successfully to a prospectus-based product," added Lead Income Portfolio Manager Phil Mesman. "The Fortified Income Fund has shown tremendous resilience during the rising rate environment we've seen this year and has strongly outperformed its benchmark since US 10 YR rates bottomed in July."
Each Fortified Fund combines wealth generation (the investment team's best long and short ideas) with protection (a hedging options overlay to protect against market downturns and other risks associated with their respective asset class). With a minimum level of protection in place at all times, the funds are geared towards making it more comfortable for investors—including retirees—to grow their wealth by staying invested.
ABOUT PICTON MAHONEY
We believe the better the risk management, the more you can think ahead and stay ahead. Founded in 2004 and 100% employee-owned, Picton Mahoney Asset Management is entrusted with over $7 billion in client assets (as at Oct 31, 2016). Over the years, we have earned our reputation as a trusted source of unbiased facts. As people who do what they say they'll do. We think and act differently, investing alongside clients in our funds. We specialize in precision-engineered volatility management—a skill we've honed over the years and through difficult markets.
| ANNUALIZED PERFORMANCE (as at Oct 31, 2016) |
1 YR |
SINCE |
| FORTIFIED INCOME FUND (CLASS F) |
13.45% |
13.34% |
| Benchmark (BofA Merrill Lynch Global High Yield Index–hedged |
9.24% |
9.20% |
| FORTIFIED MULTI-ASSET FUND (CLASS F) |
10.41% |
10.33% |
| Benchmark (S&P/TSX Composite TRI (15%), MSCI World Index |
6.85% |
6.28% |
| FORTIFIED EQUITY FUND (CLASS F) |
3.01% |
2.99% |
| Benchmark (S&P/TSX Composite Total Return Index (25%), |
5.32% |
4.41% |
Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Class F units of the Fortified Funds have a lower management fee rate than Class A units, and are available to investors who are enrolled in a dealer-sponsored fee for service or wrap program and who are subject to an annual asset based fee rather than commissions on each transaction.
SOURCE Picton Mahoney Asset Management
Picton Mahoney Asset Management, Tel: (416) 955-4108, Web site: www.pictonmahoney.com, Email: [email protected]
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