Ninepoint Alternative Health Fund Now Available on NEO Connect - Insurance News | InsuranceNewsNet

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October 17, 2018 Newswires
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Ninepoint Alternative Health Fund Now Available on NEO Connect

Business Wire

NEO Connect Welcomes Canada’s Second PTF Provider

TORONTO--(BUSINESS WIRE)-- NEO Connect, Canada’s first and only fund distribution platform for purchasing and redeeming mutual funds as simply as ETFs, is pleased to welcome Ninepoint Partners LP (“Ninepoint”) to the NEO family. Series PTF securities of the Ninepoint Alternative Health Fund are now available under the symbol ALTHE. This Platform Traded Fund™ (PTF™) invests primarily in equity securities of companies engaged in nutrition, nutraceuticals and new forms of medicines and pharmaceutical solutions, including Canadian licensed producers of marijuana and related service providers.

“In today’s world, we see increasing demand for alternative healthcare, especially driven by aging demographics and today’s legalization of Cannabis in Canada,” said James Fox, Co-CEO and Managing Partner at Ninepoint Partners. “Our Alternative Health PTF gives investment advisors and their clients access to an early stage growth sector, while aiming to reduce the fund’s volatility risk through the active management of our Faircourt Asset Management sub-advisor team. We are thrilled to forge a new relationship with a forward-thinking partner like NEO, so we can make our Alternative Health Fund – Canada’s top performing fund on a one-year basis – available to its expansive dealer network.”

Ninepoint, an independent investment manager with approximately $3 billion in assets under management, is the fourth fund manufacturer to distribute its products on the NEO Connect platform and the second PTF provider. As an efficient vehicle for actively managed mutual funds, PTFs allow for bulk trading and require no minimum investment. Using NEO Connect, investment advisors can purchase and redeem the Ninepoint Alternative Health Fund with the same ease and efficiency as they trade ETFs. They look up the symbol using their existing equity trading tools, choose the number of units they want and hit “buy”. The order executes at the end of the day at NAV, without any bid/ask spreads. The resulting position is automatically integrated into their client accounts – it’s that simple. PTF market data is available on all main market data platforms used by investment advisors.

“The Ninepoint Alternative Health PTF is the first PTF with exposure to the Cannabis market, and it is exclusively available on our NEO Connect platform,” added Jos Schmitt, President & CEO, NEO. “We very much welcome this outside-the-box thinking from Ninepoint and are pleased we can make their innovative product available to our ever-growing community of NEO Connect users. Once again, we are on the forefront of one of North America’s growth sectors and thrilled to have a flourishing partnership with Ninepoint. Innovative thinking, and the ability to transform it into real-world solutions, is what defines both Ninepoint and NEO.”

NEO Connect now distributes 48 funds from four asset managers across 15 dealer networks, with close to $600 million in total assets serviced.

About Ninepoint Partners
Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $3 billion in assets under management. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies including North American Equity, Global Equity, Real Assets & Alternative Income.

About NEO Connect
NEO Connect is Canada’s new fund distribution platform launched in May 2016 within the Aequitas Innovations Inc. group of companies. NEO Connect is a complementary offering to the NEO Exchange, Canada’s next generation stock exchange that puts the needs of investors, businesses looking to raise capital and dealers first.

NEO Connect is available to all investment dealers at no cost and streamlines the fund purchase and redemption process, making it easier and more cost-effective for advisors to transact and asset managers to distribute their products. An initial test trade can be organized and executed within 24 hours. To arrange a test or learn more, contact the NEO investor helpline toll-free at 1-844-567-6424 or visit: https://www.aequitasneo.com/en/connect/neo-connect

View source version on businesswire.com: https://www.businesswire.com/news/home/20181017005195/en/

Media

NEO

Adam Bornstein, 905-505-2540

[email protected]

or

Goldman Communications for Ninepoint

Corey Goldman, 416-322-2863

[email protected]

Source: Aequitas NEO Exchange Inc.

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