AIC Private Portfolio Counsel, a division of AIC Investment Services Inc., of Burlington, Ontario, has launched its new Private Portfolio Counsel Pools designed for affluent investors.

“Our focus in this phase of investors’ wealth creation is the preservation of capital. Our new AIC Private Portfolio Counsel Pools are aimed at those who have achieved a level of wealth where a primary concern is now to concentrate on protecting that wealth,” said Jonathan Wellum, chief investment officer of AIC.

There are three equity pools: AIC Private Portfolio Counsel Canadian Pool, AIC Private Portfolio Counsel Global Pool, and its RSP clone.

In addition, two Pools are available for balancing portfolios with an income component: AIC Private Portfolio Counsel Bond Pool, which is more suitable for RSPs and registered accounts, and AIC Private Portfolio Counsel Income Pool, which is designed to distribute tax-efficient income in the form of capital gains.

“Investors can benefit from a diversified portfolio of some of the best businesses in Canada, the U.S. and around the globe with the AIC Private Portfolio Counsel Canadian Pool and the AIC Private Portfolio Counsel Global Pool,” adds Wellum. “A portfolio holding these two Pools offers investors global diversification of 40 to 50 stocks, avoiding the trap of over- diversification.”


“Our new Pools follow the same AIC focused approach to investing and our buy, hold and prosper long- term philosophy: we have a single style that has a track record of success and we follow it with discipline. Our portfolio management approach is team- oriented, not individualistic,” said Wellum.

“In keeping with the AIC philosophy, each AIC Private Portfolio Counsel Pool will be very focused and invest in 15 to 20 businesses. Five different Pools allow for all the desirable flexibility and diversification in our focused approach to investing,” Wellum concluded.

The new AIC Private Portfolio Counsel Pools are available starting today from financial advisers, planners and brokers and are subject to a minimum investment of $100,000.

http://www.newswire.ca/releases/February2003/17/c1003.html