TORONTO, ONTARIO--(Marketwired - March 20, 2017) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Faircourt Asset Management Inc. ("FAMI"), announced today it has launched a new investment solution that offers investors an opportunity to invest in the health sciences and health and wellness sectors, including the burgeoning Canadian cannabis sector. FAMI has created the UIT Alternative Health Fund (the "Fund") and will act as portfolio adviser to the Fund.
The Fund will invest in a concentrated portfolio of securities listed on North American exchanges that have a business strategy focused on new and alternative health and wellness related themes that are growing in acceptance and importance in North America. This includes pharmaceutical companies; nutritional vitamins and supplement companies, health and wellness service providers; businesses engaged in providing diet and weight loss programs; alternative healthcare service providers; Canadian licensed producers of marijuana and related service providers; as well as companies involved in the processing, marketing and distribution of organic food and beverage products.
Effective March 16, 2017, the name of UIT Global REIT Fund has been changed to UIT Alternative Health Fund and the fund type, investment objective and strategies of the Fund have been modified in order to reflect the investment approach of FAMI.
The fund type is changed from Global Equity to North American Equity. The investment objective of the Fund is changed to the following: The objective of the UIT Alternative Health Fund is to achieve growth by investing primarily in equity securities of companies engaged in nutrition, nutraceuticals and new forms of medicines and pharmaceutical solutions.
The risk rating for the Fund changed from "medium" to "high". This is a result of the change to the investment objective and fund category.
About UIT Funds
UIT Funds offer unique investment themes for Canadian investors. UIT Funds are portfolios of securities designed to meet a stated investment objective. Currently, UIT Fund portfolios include UIT Energy Producers Class and UIT Gold Developers & Producers Class, each of which is a class of shares of UIT Fund Corporation, and now includes UIT Alternative Health Fund, a mutual fund trust established under the laws of Ontario.
Certain statements contained in this news release constitute forward-looking information. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. These forward-looking statements are made as of the date of this press release and the Fund does not undertake to update any forward-looking statements that are contained in this press release, except in accordance with applicable securities laws.
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 and past performance may not be repeated.