Product Watch: New balanced fund from Arrow Capital

Arrow Capital Management Inc. of Toronto has launched Exemplar Growth and Income Fund. The new balanced fund’s goal is to increase capital through equities and fixed-income allocations while protecting the portfolio through the use of hedging techniques. Veronika Hirsch of Arrow Capital, together with Mike MacBain and Mike Swan of East Coast Fund Management Inc. in Toronto, will manage the fund. The fund will pay 3% on a quarterly basis through a distribution class of shares. Advisor commissions for front-end sales are 0%-5%. There are no redemption fees for front-end units. Redemption fees for the low-load schedule begin at 3% in Year 1 and end at zero after Year 3. Trailing commissions are 1% for front-end sales; or 0.5% for the first three years of low-load sales, then 1% thereafter. Management fees are 2% for A-class units and 1% for F-class units. Each fund class has a non-fixed-rate distribution series (for example, AN-class units) for investors who do not wish to receive quarterly distributions. Minimum investment is $1,000.

(fcollie@investmentexecutive.com).