BURLINGTON, ONTARIO--(Marketwire - Nov 8, 2012) - Portland Investment Counsel Inc. today announced the launch of four mutual funds and one alternative fund.
|•||Portland Advantage Fund|
|•||Portland Canadian Focused Fund|
|•||Portland Canadian Balanced Fund|
|•||Portland Global Income Fund|
|•||Portland Focused Plus Fund LP|
Portland Advantage Fund, Portland Canadian Focused Fund and Portland Canadian Balanced Fund will seek to own concentrated portfolios of superior businesses for the long term, similar to the strategies of successful wealth creators.
The Portland Global Income Fund combines the power of dividend investing with active and passive management for investors looking for a comprehensive income product.
The investment objective of Portland Focused Plus Fund LP is to achieve, over the long term, preservation of capital and a satisfactory return. The Fund will be focused on investing in a limited number of long securities positions; and leverage by purchasing securities on margin.
Going forward, Portland also plans to launch more private/alternative products that will invest in private businesses spanning the spectrum of industries, including mortgage and commercial loans, oil and gas, telecommunications, real estate, power plants, shipping ports and airports.
"There is a systemic dysfunctionality in the way portfolios are constructed for the retail client due to a lack of access to private equity, and I see an opportunity to change it," Michael Lee-Chin, Executive Chairman, Portfolio Manager, CEO and CIO, says. He continues: "I am seeking to democratize the opportunities that have previously been the purview of wealthy investors and institutions like pension funds."
About Portland Investment Counsel
Committed to the principles of disciplined long-term value investing, Portland Investment Counsel provides investment advisory and portfolio management services and products to individual private clients and to institutional investors across Canada. With roots dating back to 1987, Portland offers customized portfolios drawing on expertise in equity and fixed income management.
Portland Investment Counsel is a subsidiary of Portland Holdings Inc., a global holding company comprised of a diverse group of businesses across various sectors including media, tourism, health care, telecommunications and financial services.