The firm has also added a new income-oriented offering to its alternative lineup
Picton Mahoney Asset Management has announced the addition of ETF class units for its entire Fortified Alternative Fund family. The ETF units are currently available on the TSX.
“We recognize the need for Canadian investors to have choice in how they invest in and access differentiated solutions that can fortify their portfolios,” said David Picton, president and portfolio manager at Picton Mahoney. “It's a perfect time to bolster our family of Fortified Alternative solutions with the benefits of new ETF classes and add a total return income alternative strategy to the line-up.”
Canadian investors will continue to have access Class A, Class F, and Class I units of the Fortified Alternative Funds as conventional mutual fund securities.
The firm has also introduced the Picton Mahoney Fortified Income Alternative Fund, which uses shorting and other hedging strategies to aim for maximized total return to unitholders through income and capital appreciation while mitigating capital loss. Like the other Fortified Alternative Funds, it incorporates the firm’s proprietary, rules-based Fortified Investing approach that manages risk by mitigating downside exposure while seeking to build long-term wealth, regardless of market conditions.
"We're in an environment where investors need to think differently about income investing; with low yields and increasing volatility, traditional bonds will have a hard time delivering,” said Phil Mesman, head of Fixed Income at Picton Mahoney. “Investors need alternative income strategies and tools to augment their income portfolios.”
The firm’s full suite of Fortified Alternative Funds includes:
