Sprott Launches Silver Mutual Fund.He is also launching the 1st Silver Bullion Mutual Fund in Canada.
Sprott launches first silver bullion mutual fund in Canada
List of firm’s precious metals funds climbs to five
Monday, May 9, 2011
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Sprott Asset Management LP is expanding its familyof precious metals funds with the addition of the Sprott Silver BullionFund, the company said Monday.
Sprott now offers five differentprecious metals funds including, Sprott Gold & Precious MineralsFund, Sprott Gold Bullion Fund, Sprott Silver Bullion Fund, as well asthe exchange-traded Sprott Physical Gold Trust and Sprott PhysicalSilver Trust.
“We have been very early and active investors inprecious metals and we strongly believe that all investors should havean allocation to precious metals in their portfolios. With our newestfund, investors will have greater choice as to how they choose to gainexposure to this asset class,” says James Fox, president of Sprott AssetManagement.
Sprott Silver Bullion Fund is the first mutual fundin Canada to invest primarily in unencumbered, fully allocated silverbullion. The fund’s objective is to seek to provide a secure and liquidinvestment for investors seeking exposure to silver bullion without theinconvenience associated with direct investment.