Global Innovation Fund

Global Innovation Fund

Global Fund Objective

The fund invests in the innovation economy. By utilizing long and short strategies, the fund’s objective is to capture the upside returns of the technology, clean energy, and the innovation sectors while reducing volatility on the downside. The funds’ investing guidelines are focused on both public and private companies with the opportunity to invest up to 15% of capital (at cost) in a single investment.

Portfolio Strategy

The manager uses disciplined conservative fundamental analysis to determine both asset allocation and stock selection. Once a stock has been selected, technical analysis is used to assist in the timing of the purchase or sell. Asset allocation weighting is determined by sectoral growth rates, visibility and macro trend analysis. Once asset allocation is determined, individual stock selections are analyzed for their strength in three components: management, science and value. Firstly, the experience of management and their track records are thoroughly reviewed prior to any investment. Not as much an issue with large cap companies, differences in management capabilities are very apparent in small to mid cap opportunities. Secondly, the portfolio focuses on companies with scientific intellectual property that can be leveraged in the marketplace. Semiconductors, optical networking, switching equipment, amongst others are investigated for strength in technology and their patent portfolio. And finally, the stocks must be attractively valued. Traditionally, companies are purchased at a low valuation and held until a target sell price is reached.  The portfolio invests in approximately 15 to 20 companies.

Subscriptions

Subscriptions and redemptions are available monthly.

Management Fees

Fees up to 2.5% per annum management fee plus a 20% profit participation with high watermark.  All fees are paid quarterly.

Transfer Agent 

Tera Capital Corporation

Auditors

Goodman & Associates LLP

Legal Council

Baldwin Sennecke Halman LLP (Toronto)

Back Office and Custodian

Scotia Itrade