ONE Financial announces fund offering

ONE Financial Corporation has announced the issuance of shares to all investors who have subscribed to date for its All-Weather Profit Global Diversified Fund, the first mutual fund launched from its new All-Weather Profit Family lineup.

The All-Weather Profit Family is different from traditional mutual funds, which can usually profit in only two ways — from stocks or bonds going up. It’s a special class of mutual fund known as a commodity pool. This classification enables it to diversify into four asset classes, and pursue profit in 8 ways — from stocks, bonds, commodities, and currencies, and going up (long investing) or down (short investing).

Previously, long/short investments were generally only available through hedge funds offered to large-scale investors such as institutions, pension funds, and high-net-worth investors. Hedge funds traditionally have high investment minimums, starting in the six-figure range or more. Through the All-Weather Profit Family, all Canadians can access these high-end investment strategies, with investment minimums starting at $500.

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Staff

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