JovFunds Management Inc. today announced the launch of the CIBC Gartman Global Allocation Deposit Notes, Series 4.
This is the fourth series of notes to will be sub-advised by The Gartman Letter, L.C., the publisher of The Gartman Letter. Its author, Dennis Gartman, is a leading global markets commentator.
“In response to the continuing demand from both the advisor and retail investor community, we are delighted to launch Series 4 of the notes in conjunction with CIBC and Dennis Gartman,” says Adam Felesky, CEO of JovFunds.
The performance of the notes will be linked to The Gartman Index II, a proprietary index offering long, short or neutral exposure in various weightings to any combination of 24 underlying equity, commodity, bond and currency sub-indices, as selected by Dennis Gartman on a monthly basis. The notes are 100% principal protected by CIBC, if held to maturity. The term to maturity is seven years. The notes will be available for sale until May 16.
“We are extremely proud to be partnering with JovFunds and CIBC on the 4th in a series of CIBC Gartman Global Allocation Notes,” says Dennis Gartman, author of the Gartman Letter. “The first year has proven to be both volatile and yet profitable. We were fortunate to have understood the dynamics of the growing global demand for commodities, most notably grains, and to have profited from those emerging and continued trends.”