Tricycle Asset Management today launched their 11th issue, the Canadian Wheat Board Managed Futures Notes, Series N-11.

Tricycle says it has created a new principal protected issue that provides limited downside in the form of a guaranteed minimum yield along with the upside potential inherent with managed futures, in an industry that has had an average annual rate of return of approximately 13% for two decades.

“We are pleased to be working with the Canadian Wheat Board again to offer Canadians the opportunity to invest in Canada’s only principal-protected managed futures note backed by a AAA-rated issuer,” said Fred Hirshfeld, managing director of Tricycle, in a release. “Series N-11 Notes provide true diversification from traditional assets, allowing investors to diversify their portfolios with a low minimum investment, protect the capital they’ve already accumulated and benefit from proven profit potential.”

CWB Managed Futures Notes, Series N-11 is also tax deferred, and available as a no-charge, stand-alone RRSP or RRIF through Tricycle and The Canada Trust Company, and has a new front-end load option.

Tricycle’s Managed Futures Notes are distributed by financial planners, investment advisors and insurance representatives across Canada. Tricycle currently manages approximately $1 billion in assets through its ten series of Managed Futures Notes.

The Canadian Wheat Board is the largest single seller of wheat and barley in the world, marketing Canadian grains internationally to maximize returns for western Canadian farmers. With annual sales of over $4 billion, the CWB returns all revenue, less the costs of marketing, to western Canadian farmers. The CWB’s debt obligations, including the issue of CWB Managed Futures Notes, Series N-11, are guaranteed by the full faith and credit of the Government of Canada.