JPMorgan Asset Management (Canada) has launched its U.S. Large Cap 130/30 – Canada Fund, designed exclusively for Canadian pension plans.
“This long/short investment approach is proving to offer higher potential for added value than long-only portfolios, while maintaining full market exposure,” according to a company statement. “With greater investment efficiency, we believe it will soon become a mainstay of institutional investing in Canada, as well as abroad.”
The Large Cap 130/30 strategy seeks to earn an annualized excess return of about 3% above the S&P 500 Index over a full market cycle before fees.
The fund, which was established in July 2004, had US$5.7 billion in assets at the end of December.
For more about investments such as 130/30, click here to visit our special section, A Trustee’s Guide to Alternative Investments.
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