Altamira Investment Services today announced the launch of the Altamira Energy Fund, effective immediately.
Altamira says the fund will invest in Canadian and global companies involved in the exploration, production, transportation and distribution of all forms of energy and those companies that support them, including oil and gas companies, pipelines, utilities and alternative energy companies.
The und will also consider for inclusion those companies that:
- have a strong mandate for alternative energy research and development;
- are suppliers to the energy sector; and
- re developing new energy conservation technologies.
“Longer term, with increasing demand and dwindling supply for traditional energy sources and the evolving potential of alternative energy this fund is ideal for investors with over a five-year investment horizon as part of a well diversified portfolio,” said Altamira Chief Investment Strategist Ian Dillon, in a release.
Jim Huang and Craig Porter of Natcan Investment Management Inc., a subsidiary of the National Bank of Canada, will co-manage the fund.
The opening net asset value of units in the fund is $10, with a minimum investment of $1,000.
The fund charges a management fee of 2.15%, and its RRSP eligibility is 100%.