Toronto-based Jovian Capital Corporation and its wholly-owned subsidiary JovFunds Management Inc. announced the launch of the CIBC Gartman Global Allocation Deposit Notes, Series 2. The Notes will be sub-advised by The Gartman Letter, L.C., the publisher of The Gartman Letter.
“After the success of the first series, we are delighted to be collaborating once again with CIBC and Dennis Gartman on Series 2 of the Notes,” said Raj Lala, Managing Partner of JovFunds. “We are very pleased to offer this series of Notes as the first investment product that Mr. Gartman has attached his name to.”
The performance of the Notes will be 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.
In response to current market conditions, sub-indices for silver and natural gas will be eligible for inclusion in the Gartman Index as of the issue date of the Notes.
The Notes are 100% principal protected by CIBC, if held to maturity. The term to maturity is five years and eight months. The Notes will be available for sale until September 7, 2007.