Return on Innovation Capital Ltd. today announced the launch of the ROI Sceptre Monthly Income Fund, which will be distributed through financial planners and brokers.

ROI, which focuses on mezzanine financing, has partnered with Sceptre, which focuses on institutional asset management, to deliver a unique monthly income fund. By combining the expertise of both investment managers, ROI has packaged five investment products into one superior monthly income fund.

“ROI’s mandate is to introduce innovative products to market. By partnering with Sceptre, we offer financial advisors first-time access to leading investment managers in a unique package,” said Fernando Cipriano, president of ROI. “By combining Sceptre with ROI’s mezzanine financing, we offer an interesting combination of debt and equity investment strategies that can produce capital preservation, stable monthly income and growth.”

ROI popularized mezzanine financing through the ROI Fund. Mezzanine financing is a form of private equity investment that provides greater investment stability and current yield than traditional equity investing by lending to more established businesses and taking security against the assets of the businesses. This type of investing has previously been unavailable in the mutual fund industry.

“We are very pleased to partner with ROI, their investment expertise and their knowledge of the advisor marketplace has allowed us to work together to create a unique and relevant product that will benefit investors” stated Richard Knowles, president and CEO of Sceptre.

The ROI Sceptre Monthly Income Fund will include the Sceptre Canadian Equity Fund; Sceptre Bond Fund; the Sceptre Income Trust Fund, a finalist for the best income trust fund at the 2005 Canadian Investment Awards; and the Sceptre Equity Growth Fund, winner of the best Canadian equity fund at the 2005 Canadian Investment Awards.

The ROI Sceptre Monthly Income Fund includes ROI’s Adjustable CashFlow Series, which includes three distribution options. “Investors can switch between series – without triggering capital gains – when their cash flow needs change,” said Wilfred Vos, ROI’s new senior vice president in charge of product development. “Investors want the option of changing their distributions because many get their income from a combination of work and investment sources, which change.”

The fund, which is distributed through financial planners and brokers, is available in four load options: initial sales charge, deferred sales charge, low load and super low load. Excluding ISC, the load options deliver an escalating trailer that reaches 1.20% after seven years.