Canoe 'GO CANADA!' Canadian Monthly Income Class

Canoe 'GO CANADA!' Canadian Asset Allocation Class

Canoe 'GO CANADA!' Canadian Equity Class

Canoe 'GO CANADA!' Canadian Energy Class

Canoe 'GO CANADA!' Canadian Money Market Class

February 14, 2011 14:27 ET

Canoe Financial Launches the Canoe 'GO CANADA!' Corporate Class Family of Funds

CALGARY, ALBERTA--(Marketwire - Feb. 14, 2011) - Canoe Financial LP (the "Manager") announces today the launch of the Canoe 'GO CANADA!' Corporate Class Funds (the "Funds"), providing investors will a family of Canadian focused mutual funds.

Canoe is a strong believer in Canada as a good place to invest. "Canoe's 'GO CANADA!' investment philosophy is to invest in companies that benefit from the increasing global demand for Canada's abundant natural resources and strong fiscal regime, and these mutual funds follow that philosophy," said W. Brett Wilson, Chairman of Canoe Financial.

Canoe today announces the launch of:

  • Canoe 'GO CANADA!' Canadian Monthly Income Class
  • Canoe 'GO CANADA!' Canadian Asset Allocation Class
  • Canoe 'GO CANADA!' Canadian Equity Class
  • Canoe 'GO CANADA!' Canadian Energy Class
  • Canoe 'GO CANADA!' Canadian Money Market Class

"Canada's fundamentals are excellent. Canada continues to be a top performer among the G7 despite the global slowdown and we believe Canadians should invest a significant component of their portfolio in Canadian equities and fixed-income securities. Canada is poised for continued growth and not just for the next year or two, but for the next decade and beyond," said Nevin Markwart, President and CEO of Canoe Financial.

Portfolio Managers:

Canoe 'GO CANADA!' Canadian Monthly Income Class, Canoe 'GO CANADA!' Canadian Asset Allocation Class and Canoe 'GO CANADA!' Canadian Equity Class are managed by Bob Haber. Mr. Haber is a seasoned portfolio manager, former CIO of Fidelity Canada and was previously the Portfolio Manager of two Fidelity Funds which in 2009 won the Lipper award for the top fund of the decade in their respective class; the Fidelity Canadian Balanced Fund (in the Canadian Neutral Balanced category) and the Fidelity Canadian Disciplined Equity Fund (in the Canadian Equity category).

"We are thrilled to have an exclusive relationship with one of the top performing Canadian equity and balanced fund managers available in Canada," said Mr. Markwart.

Canoe 'GO CANADA!' Canadian Energy Class will be managed by Canoe Financial's energy team lead by Rafi Tahmazian, Senior Portfolio Manager. Mr. Tahmazian and Canoe have a long and successful track record in the energy industry. Mr. Tahmazian along with W. Brett Wilson, were founders and top executives at FirstEnergy Capital Corp., a leading energy boutique investment firm, and have the ability to source unique investment opportunities by leveraging key industry relationships.

Canoe 'GO CANADA!' Canadian Money Market Class will be managed by Canoe Financial. Nevin Markwart, will be the lead manager on the Canadian Money Market Fund. Mr. Markwart is the former Head of Canadian Equities and member of the executive team at Fidelity Investments Canada.

The highlights of each Fund are as follows:

Canoe 'GO CANADA!' Canadian Monthly Income Class

The Fund aims to provide monthly income and growth; with a targeted annual yield of 4%. The Fund will invest primarily in a mix of Canadian equity securities, Canadian fixed-income securities, U.S. fixed-income securities, and U.S. high yield securities, preferred stocks and convertible securities. The Fund may also invest in securities of real estate investment trusts (REITs) and ETFs. 

Canoe 'GO CANADA!' Canadian Asset Allocation Class

The Fund aims to provide long-term growth and capital preservation using a balanced investment approach. It invests primarily in a mix of Canadian equity securities, fixed-income securities and money market instruments. The Fund's target mix is 65% equity securities, 30% fixed-income securities and 5% cash.

Canoe 'GO CANADA!' Canadian Equity Class

The Fund aims to achieve long-term capital growth by investing primarily in Canadian equity securities including up to 10% in gold and silver bullion and related ETFs. The Fund may invest in small, medium and large capitalization companies.

Canoe 'GO CANADA!' Canadian Energy Class

The Fund's goal is to achieve long-term capital growth through investments in securities related to the energy sector. The Fund invests primarily in companies that are involved in the exploration, development and production of oil and natural gas in Canada and abroad and in companies which service such industries.

Canoe 'GO CANADA!' Canadian Money Market Class

The Fund aims to provide interest income by investing in high quality, short-term fixed-income securities.

About Canoe Financial LP

Canoe Financial is an experienced and innovative investment management firm focused on building financial wealth for Canadians. Canoe currently manages over $1.7 billion in assets through its mutual fund and closed-end products. Canoe is a strong believer in Canada as a place to invest. With continued global urbanization and worldwide demand for resources and our sound fiscal structure, we believe Canada provides long-term growth potential for investors.

Canoe Financial is committed to providing exceptional client service and is a proud partner of Canada's Investment Advisor and Financial Planner network.

To learn more about Canoe and to discover which Fund is right for your clients visit our website at www.canoefinancial.com.

Important information regarding the funds, including conditions of purchase, investment strategy, distribution policy, management fees, and expenses, are set out in the funds' simplified prospectus and annual information form. To obtain these documents or for more information, please visit Canoe's website at www.canoefinancial.com or SEDAR at www.sedar.com Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently. These funds are new, and there is no history of performance associated with these Funds. This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Investors should contact their Investment Advisor to review their investment objectives and strategies. This information is for review purposes only, and investors should consult their Investment Advisor for complete details and risk factors on specific strategies and various investment products.

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