Creststreet Mutual Funds Ltd. announced today that investors can now directly purchase shares of Creststreet Resource Class through their investment advisor.

Until now the only means by which an investment in the resource fund could be made was by subscribing for units of a Creststreet flow-through share limited partnership offering which, on maturity transfers its assets in exchange for Resource Class shares.

In addition, Creststreet is launching two new fund classes for public investment: the Creststreet Managed Income Class and the Creststreet Managed Equity Index Class.

The Managed Income Class aims provide a stable level of income while emphasizing capital preservation. The fund invests in a diversified portfolio of equity and fixed income securities of primarily Canadian issuers which may include business income trusts, convertible debentures of trusts, oil and gas trusts and real estate investment trusts.

Creststreet says the fund will employ a value-based approach to investing. The fund code for the Creststreet Managed Income Class Fund is CAM200.

The Managed Equity Index Fund’s objective is to provide long-term growth of capital through investment primarily in Index Participation Units of Canadian, U.S. and other foreign stock exchanges and may invest up to 70% of the net assets in S&P/TSX 60 Index Participation Units, S&P 500 Index RSP Participation Units, or MSCI International Equity Index RSP Participation Units. The fund may actively manage up to 30% of the net assets in common stocks and convertible debentures of Canadian and international companies to enhance diversification. The fund code for the Creststreet Managed Equity Index Fund is CAM300.

Investors can switch shares from one Creststreet fund class to another on a tax-deferred “rollover” basis.

All classes of Creststreet Mutual Funds are RRSP eligible.