Sprott launches corporate class, new fund

Sprott Asset Management has launched Sprott Corporate Class Inc., a mutual fund corporation which will allow investors to switch between investment mandates without triggering a taxable disposition.

As part of the launch, the company is also offering a new mandate, the Sprott Resource Class, which will be managed by Eric Sprott, Rick Rule, Paul Wong, Charles Oliver, Jamie Horvat and Eric Nuttall. The fund will also serve as the rollover vehicle for Sprott’s Flow-Through limited partnerships.

“The addition of Rick Rule and Paul Wong to our firm earlier this year has enhanced our investment management capabilities and added depth to our resource team,” said Peter Grosskopf, CEO of Sprott Inc. “We have assembled an industry-leading team to manage Sprott Resource Class and expect our clients to benefit from the combined investment expertise and stock picking abilities of the Fund’s managers.”

Share classes of Sprott Corporate Class Inc. include:

• Sprott Canadian Equity Class
• Sprott Diversified Yield Class
• Sprott Energy Class
• Sprott Gold and Precious Minerals Class
• Sprott Resource Class
• Sprott Short-Term Bond Class
• Sprott Small Cap Equity Class
• Sprott Tactical Balanced Class

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.