TORONTO, July 14, 2014 /CNW/ - Sprott Asset Management LP ("Sprott") is pleased to announce the launch of the Sprott Real Asset Class ("the Fund"), a single-investment mutual fund solution providing investors with exposure to the Infrastructure, Timber and Agriculture sectors. The Fund is sub-advised by Capital Innovations LLC with Michael Underhill and Susan Dambekaln serving as lead managers. The Fund will be available for purchase on July 16, 2014.
"Sprott has a long history investing in real assets and the Sprott Real Asset Class offers our clients a convenient means to gain exposure to three attractive sectors through a single investment fund," said John Wilson, CEO of Sprott. "A diversified allocation to real assets within a portfolio has historically offered investors lower risk and the potential for enhanced returns."
As part of Sprott's Corporate Class offerings, the Fund will provide investors with the ability to switch between share classes on a tax-deferred basis. The Fund will invest in a portfolio of mutual funds as well as direct investments in stocks, real estate investment trusts (REITs) and master limited partnerships (MLPs). The sub-advisor has the ability to tactically adjust the Fund's allocation to each sector, within set ranges, in order to maximize risk-adjusted returns.
Sprott currently offers three other real asset funds sub-advised by the same portfolio management team: the Sprott Global Infrastructure Fund, the Sprott Timber Fund and the Sprott Global Agriculture Fund.
About Sprott Asset Management
Sprott Asset Management LP (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), is a fund company dedicated to achieving superior returns for its investors over time. Sprott Asset Management LP manages assets primarily for institutions, endowments and high net worth individuals and is the investment manager of the Sprott Mutual Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if the Sprott Mutual Funds may be sold in their jurisdiction.
SOURCE: Sprott Asset Management LP
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