JovFunds Management Inc. today announced the successful closing of the CIBC Gartman Global Allocation Deposit Notes, Series 3.

This is the third series of notes sub-advised by The Gartman Letter, L.C., the publisher of “The Gartman Letter”. Its author, Dennis Gartman, is a leading global markets commentator.

“The response and demand for this product from both the advisor and retail investor communities has been tremendous,” says Steve Hawkins, managing partner of JovFunds. “We look forward to bringing other similar products to the marketplace in the near future.”

The performance of the notes is linked to the Gartman Index, 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 six years.