Toronto-based Ninepoint Partners LP introduced its first liquid alternative mutual fund on Wednesday.

The Ninepoint FX Strategy Fund aims to generate long-term total returns by investing globally in foreign exchange futures on a long/short basis, the firm said in a release. The fund may also provide exposure to gold through investment in future contracts.

“The global impact of Covid-19 has drastically impacted the markets,” said James Fox, co-CEO and managing partner at Ninepoint, in the release. “Historically, this FX strategy has had low correlation to public equities or fixed income markets.”

The fund is sub-advised by Boston-based P/E Global LLC.