Aston Hill Launches New Liquid Alternative Mutual Funds
TORONTO, March 27, 2015 /CNW/ - Aston Hill Asset Management Inc. (the "Manager" or "Aston Hill") today announces the launch of two new mutual funds, Aston Hill U.S. Growth Fund and Aston Hill Corporate Bond Fund (formerly Build America Investment Grade Bond Fund). Both funds align with Aston Hill's objective of providing Liquid Alternative mutual funds to Canadian investors.
Aston Hill U.S. Growth Fund aims to achieve long-term capital growth by investing primarily in U.S. equity securities, and may also invest, to a lesser extent, in non-U.S. equity securities. Managed by Co-Chief Investment Officer, Jeff Burchell, the U.S. Growth Fund combines fundamental equity research with a variety of option strategies designed to generate income, enhance returns and provide downside protection. The portfolio manager may also employ shorting strategies, within regulatory limitations, to help reduce volatility. The U.S. Growth Fund intends to remain between 80 – 95% invested in equities, providing investors with a means to access Mr. Burchell's U.S. equity strategy in a more fully-invested, higher exposure version of his Aston Hill Capital Growth Fund, which typically allocates between 20 – 70% to risk-free assets, including cash.
Aston Hill Corporate Bond Fund aims to generate income and the potential for capital appreciation by investing primarily in investment grade Canadian corporate bonds that are rated BBB- or above, and may also invest, to a lesser extent, in other Canadian and non-Canadian issuers of fixed income securities including high yield corporate debt, floating rate notes, bank loans, convertible debentures, bonds backed by mortgages and other income securities. The Corporate Bond Fund will also employ alternative investing strategies, including derivatives and shorting, within regulatory limitations. The Corporate Bond Fund will be managed by Barry Morrison, CEO of Aston Hill Institutional Partners (a division of the Manager) who has over 30 years of experience managing income-focused portfolios.
"We are launching these funds in response to advisors seeking non-traditional equity and fixed income strategies that provide investors with a unique risk-reward profile regardless of the market environment," said Ben Cheng*, President & Co-Chief Investment Officer. "We believe our approach to using alternative strategies combined with fundamental and quantitative analysis, provides a unique product that addresses the need for lower risk, less correlated portfolios. These two new funds, along with our Liquid Alternative Funds franchise, are intended to be a complement within clients' portfolios that can help lower the overall volatility."
To learn more about Liquid Alternatives, visit Aston Hill's Liquid Alternatives Education Centre.
About Aston Hill
The Manager is a wholly-owned subsidiary of Aston Hill Financial Inc. (TSX: AHF). Aston Hill Financial Inc. is a diversified asset management company with a suite of retail mutual funds, closed end funds, private equity funds, hedge funds and segregated institutional funds. Aston Hill Financial has offices in Calgary, Toronto and Halifax.
*Ben Cheng does not act as portfolio manager for any Aston Hill investment funds. The above is for informational purposes only and is not, and under no circumstances shall be construed as an offering of the Funds mentioned herein or any other securities or as investment advice. Investors should read the simplified prospectus of the Funds for information about the Funds' investment objectives, strategies and the risks associated with an investment in the Funds before investing. Investors should discuss the suitability of the Funds with their investment advisor before making any investment decisions. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SOURCE Aston Hill Asset Management Inc.
Share this article