AlphaDelta Funds on Monday announced the launch of AlphaDelta Tactical Growth Class Fund. This is the third mutual fund launch from the Vancouver-based mutual fund group.
The new fund is a non-traditional investment fund that seeks to provide exposure to mid-to-larger capitalization companies in North America, according to the firm’s announcement.
This fund will be subadvised by 23-year investment industry veteran Barry Hirowatari of Toronto-based Aventine Management Group. Hirowatari employs a proprietary tactical momentum strategy for selecting securities, as well as for setting sector and asset class weights. He has been managing this tactical growth strategy for foive years.
The new fund joins two previous launches from AlphaDelta:
> AlphaDelta Canadian Prosperity Class Fund, launched February 2015 and sub-advised by Chris Page of Laurus Investment Counsel; and
> AlphaDelta Growth of Dividend Income Class Fund sub-advised by John Schmitz, of SciVest Capital Management.
“We are really excited to be adding Barry and the fund he sub-advises to our line-up,” says Victor Therrien, CEO of AlphaDelta, in a statement. “That’s the real coup here — a proven manager, a proven strategy and no one else is offering it as a mutual fund choice for Canadian investors.”
AlphaDelta has at least three more fund launches planned for 2016 and 2017.