RE: RE: RE: RE: RE: RE: WHY?Sprott Asset Management Expands its Industry Leading Family ofPrecious Metals Funds with First Silver Bullion Mutual Fund in Canada
By Canada NewsWire| May 09, 2011
TORONTO, May 9 /CNW/ - Sprott Asset Management LP ("Sprott") is pleasedto announce that it has expanded its industry leading family ofprecious metals funds with the addition of the Sprott Silver BullionFund.
Sprott now offers five different precious metals funds including, SprottGold & Precious Minerals Fund, Sprott Gold Bullion Fund, Sprott SilverBullion Fund, as well as the exchange-traded Sprott Physical Gold Trustand Sprott Physical Silver Trust.
"We have been very early and active investors in precious metals and westrongly believe that all investors should have an allocation toprecious metals in their portfolios. With our newest fund, investorswill have greater choice as to how they choose to gain exposure to thisasset class." says James Fox, President of Sprott Asset Management.
The Sprott Silver Bullion Fund is an innovative offering, being thefirst mutual fund in Canada to invest primarily in unencumbered, fullyallocated silver bullion. The Fund's objective is to seek to provide asecure and liquid investment for investors seeking exposure to silverbullion without the inconvenience associated with direct investment.