BMO closes three notes, raises more than $40 million
Deposit notes offer access to global markets; degree of exposure to be determined by asset-allocation strategy
- By: IE Staff
- August 25, 2006 August 25, 2006
- 09:59
Deposit notes offer access to global markets; degree of exposure to be determined by asset-allocation strategy
Fund aims to maximize capital growth by investing its assets primarily in equities of Canadian natural resource companies
Company has primarily attracted investments from several well-established family offices and financial institutions
CIBC Mellon to act as trustee and custodian
Notes linked to Signature Income & Growth Fun
Re-opening the fund will allow investors to rollover their existing investment
ABN AMRO affiliate to provide advice on Far East markets
Changes to investment objectives also approved
Rapid growth in assets prompts closing
Rates to drop by 0.1% to 0.25%
Business sold to former owner
Impax Venture Fund, Impax Venture Income Fund
Fund will be managed by Lazard's Haynes
Fund invests in companies trading in Hong Kong, Taiwan, Singapore and China
New auditors, fee structure and investment objectives
A new way to benefit from energy investments
Changes made to Advantage benchmarks and timing of quarterly rebalancing
Unitholders are expected to benefit from cost savings and increased efficiencies
Fund closes with $70 million in capital commitments
Some fund names also changed to focus on risk profile
Notes have 100% principal repayment guarantee and exposure to hedge funds
New class allows investors to pay a fee rather than a sales charge
Fund will now have more flexibility to invest in large-cap Canadian equities
Fees replace with tiered increase in management and administration fees