RE:RE:16% yield normal ?????
I'd be very carefull with any investment offered by quadravest, for years the industry view of them is amazement. The best quote I know is that they have lost more money for investors than any other investment firm in Canada and are still in business today. If you look back at many of their issues over the last 10 years and read the prospectus you will see they have always over estimated their income from option writing and always under estimated market volitility. They have issued warrants on units that dilute the fund values for the sole purpose of increasing mangement revenues. So if the market value has bid them a 16% yield take it as a warning, and bare in mind the financial share values in Canada have gone nowhere in 6 months but again volitility have been greater than 7%.