NexGen Financial Limited Partnership has launched the NexGen Canadian Preferred Share Funds (the Preferred Funds) and the NexGen Global Equity Funds (the Global Funds). J. Zechner Associates and Toron AMI International Asset Management (Toron AMI) will act as the sub-advisors of the Preferred Funds and Global Funds, respectively.
The Canadian Preferred Funds’ mandate is to pursue a steady flow of income primarily through investment in Canadian preferred shares and draws on the expertise of the J. Zechner Associates fixed income investment team, led by Jeff Herold.
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Herold and his team have been managing the fixed income components of multiple NexGen Funds including the preferred share allocation of NexGen’s Canadian Diversified Income Fund.
The Global Equity Funds mandate is to seek out global companies with identifiable growth prospects at an attractive valuation level.
oron AMI’s investment team, led by Arthur Heinmaa, has over 10 years of experience in successfully running global portfolios in this fashion.
Laurie Munro, president & CEO of NexGen, said: "We are very excited about the launch of these two new mandates and look forward to working with Toron AMI as a new sub-advisor to NexGen. We believe pairing these two product concepts with NexGen’s proprietary mutual fund structure will give advisors additional tax planning and investment opportunities for their clients."
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