Steadyhand Investment Funds today announced that all of its funds are now open to the public.
Steadyhand is a mutual fund company founded by industry veteran Tom Bradley, the former head of Phillips, Hager & North.
The company offers a straightforward line-up of five no-load funds that can be purchased directly through Steadyhand or through third-party dealers and advisors: Steadyhand Savings Fund; Steadyhand Income Fund; Steadyhand Equity Fund; Steadyhand Global Equity Fund; and Steadyhand Small-Cap Equity Fund.
“Our objective is to connect investors with experienced money managers in the most efficient way possible. This involves charging low fees and hiring external managers that are experienced, proven and are the appropriate size to pursue opportunities in all areas of the market,” says Bradley, the firm’s president.
The MERs of the funds are considerably lower than industry averages (ranging from 0.65% to 1.70%), and all clients are offered fee rebates based on the size of their accounts and tenure with the firm. Investors do not pay sales commissions or transaction fees when they deal directly with Steadyhand.
Steadyhand’s investment philosophy is that a mutual fund should be concentrated on the manager’s best ideas (each equity fund holds 15-35 securities), absolute-return oriented (instead of benchmark oriented), and unconstrained (few limitations are written into the funds’ mandates).
This philosophy is shared by the managers of the firm’s funds:
- Connor, Clark & Lunn Investment Management (Savings Fund, Income Fund);
- Cranston, Gaskin, O’Reilly & Vernon (Equity Fund);
- Edinburgh Partners (Global Equity Fund); and
- Wutherich & Company (Small-Cap Equity Fund)
The fund managers are independent investment boutiques that are inaccessible to most individuals due to their high minimum investment requirement.
In his search for managers, Bradley says he “looked for people who were experienced and passionate about investing. We wanted people who knew how they made money and had refined their process through a number of cycles. We wanted money makers.”
Each Steadyhand fund has a minimum investment requirement of $10,000.
To learn more about the Steadyhand funds, investors and advisors can visit www.steadyhand.com.