Criterion Investments Limited

Criterion Investments Limited

January 03, 2008 10:44 ET

Criterion Launches U.S. Buyback Fund With Defensive, Rules-Based Investment Strategy

TORONTO, ONTARIO--(Marketwire - Jan. 3, 2008) - Criterion Investments Limited ("Criterion") today announced the launch of Criterion U.S. Buyback Currency Hedged Fund - a disciplined approach to U.S. equity investing for Canadian investors.

The Fund will invest in equity securities of 30 U.S. public companies with the best record of net share buyback activity in their market cap segment over the previous calendar year. The Fund is focused on companies that are investing in themselves at a time when they believe the market hasn't yet realized their true value, and reducing their number of outstanding shares on the market as a result.

Following a disciplined, rules-based strategy, the Fund's portfolio will be rebalanced quarterly and reset annually to capture the latest batch of companies with the highest share repurchases. The Fund's holdings will be diversified across the market capitalization spectrum.

The Fund is currency-hedged for Canadian investors to reduce the volatility associated with unpredictable swings in currency exchange rates (an unhedged version of the Fund is also available).

"The U.S. is the largest market in the world and cannot be ignored, however advisors across Canada tell us they are looking for defensive strategies to adopt for their clients' U.S. equity exposure," says Ian McPherson, President of Criterion. "This Fund not only follows a value-style approach, but the disciplined, rules-based strategy also removes all unnecessary emotion from investing."

The Fund is RRSP-eligible and will be accessible through licensed financial advisors in all Canadian provinces, with a minimum $500 investment.

About Criterion

Criterion is committed to creating insightful solutions for everyday Canadian investors. Criterion combines unique investment structures with best-in-class asset managers or strategies to offer investors opportunities for access to exclusive asset classes, enhanced yield, tax efficiency and risk reduction. Criterion is an affiliate of VenGrowth Asset Management Inc., one of Canada's premier managers of private equity and alternative investments with a proven track record of success since 1982. For more information, please visit

Please read the prospectus of the Fund before investing. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Units of the fund are sold through registered dealers.

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