Front Street Capital has approved a name change and broadened investor access to two of its most successful small-cap funds.
The newly named Front Street Small Cap Canadian Fund and Front Street Special Opportunities Canadian Fund have each added two new series of shares to provide a better fit with the needs of individual investors and greater compensation flexibility for dealers, the Toronto-based company said Tuesday.
Security-holders approved the changes at a special meeting held in Toronto recently. The Front Street Small Cap Canadian Fund had been known as the Multiple Opportunities Fund and the Front Street Special Opportunities Canadian Fund was called the Special Opportunities Fund.
“These funds have consistently produced superior returns over the long haul and, as a result, have become very attractive products for individual investors,” Front Street Capital president Gary Selke said in a statement.” Securities and mutual fund dealers have asked us to structure and market the funds as traditional load mutual funds. “
Front Street Small Cap Canadian Fund was Canada’s top performing equity mutual fund over the 10-year period ended Dec. 31, with a 21.18% average annual return.