Sprott USA Launches New Managed Accounts Platform

Oct 26, 2011, 07:00 ET from Sprott Asset Management USA Inc.

TORONTO, Oct. 26, 2011 /PRNewswire/ - Sprott Asset Management USA Inc. ("Sprott USA") is pleased to announce the launch of its new managed account platform. For the first time, investors in the U.S. will have access to the combined investment experience of renowned resource investors Eric Sprott and Rick Rule, as well as the other members of Sprott's investment team.

"We are very excited to offer our first Sprott-branded products through Sprott USA," said Rick Rule, President of Sprott USA. "Investors in our new managed accounts platform will gain exposure across the natural resource universe through investments in precious and base metals, energy and agriculture. They will also benefit from the collective expertise of the Sprott Group's investment team."

The Sprott Group of Companies has a team of portfolio managers, market strategists, technical experts, and analysts that is widely recognized for its investment expertise, performance and unique investment approach, based on in-depth research to develop unique macroeconomic, sector and company insights.

Sprott USA offers managed accounts specifically tailored to meet investors' needs. Sprott USA currently offers four unique programs:

  • Sprott Global Diversified Resource, managed by Rick Rule
  • Sprott Global Precious Metals, managed by Rick Rule and sub-advised by Eric Sprott
  • Sprott Global Energy, managed by Rick Rule and sub-advised by Eric Nuttall
  • Sprott Global Resource Income, managed by Jeff Howard

About Sprott Asset Management USA Inc.

Sprott Asset Management USA is a wholly owned subsidiary of Sprott Inc., a publicly traded asset manager listed on the Toronto Stock Exchange (SII-TSX). Sprott Inc., along with Sprott USA and Global Resource Investments (Sprott USA's sister company), employs more than 130 professionals and manages in excess of $10 billion in resource-related investments.

SOURCE Sprott Asset Management USA Inc.