Toronto-based Sprott Asset Management LP (SAM) has launched two new funds: Sprott Enhanced U.S. Equity Class and Sprott Global REIT & Property Equity Fund.
Sprott Enhanced U.S. Equity Class is designed to provide exposure to U.S. large-cap equities with the emphasis on reducing downside volatility. It will be primarily available in U.S. dollars for clients seeking to keep their investment in U.S. dollars without the risk and inconvenience of currency exchange. The fund will be managed by John Wilson, CEO, Co-CIO and senior portfolio manager, SAM, and is the sixth fund in Sprott’s core Enhanced Equity Strategy lineup. It will be available for purchase on July 22.
“We see a significant opportunity to offer our investors more U.S. exposure and believe that our strategy will help them capture the upside of that market while limiting downside risk,” says Wilson in a statement.
Sprott Global REIT & Property Equity Fund, is designed to provide stable monthly cash distributions and long-term total return by investing in the global real estate securities market. It is sub-advised by Wisconsin-based Capital Innovations LLC with Michael Underhill and Susan Dambekaln serving as portfolio managers. The fund will be available for purchase on Aug. 4.
“With the addition of this fund, Sprott now offers one of the most comprehensive suites of real asset products in the country,” says James Fox, oresident of SAM.
SAM’s lineup of real asset funds includes Sprott Real Asset Class, Sprott Global Infrastructure Fund, Sprott Timber Fund, and Sprott Global Agriculture Fund.