Toronto-base Sprott Asset Management LP Monday announced the launch of the Sprott Real Asset Class, a single-investment mutual fund product providing investors with exposure to the infrastructure, timber and agriculture sectors.
The fund is sub-advised by Wisconsin-based Capital Innovations LLC with Michael Underhill and Susan Dambekaln serving as lead managers. The fund will be available for purchase on July 16.
“Sprott has a long history investing in real assets and the Sprott Real Asset Class offers our clients a convenient means to gain exposure to three attractive sectors through a single investment fund,” says John Wilson, CEO of Sprott. “A diversified allocation to real assets within a portfolio has historically offered investors lower risk and the potential for enhanced returns.”
As part of Sprott’s Corporate Class offerings, the fund will provide investors with the ability to switch between share classes on a tax-deferred basis. The fund will invest in a portfolio of mutual funds as well as direct investments in stocks, real estate investment trusts (REITs) and master limited partnerships (MLPs). The sub-advisor has the ability to tactically adjust the fund’s allocation to each sector, within set ranges, in order to maximize risk-adjusted returns.
Sprott currently offers three other real asset funds sub-advised by the same portfolio management team: Sprott Global Infrastructure Fund, Sprott Timber Fund and Sprott Global Agriculture Fund.