Toronto-based Provisus Wealth Management Ltd. has debuted nine platform-traded funds (PTFs) on NEO Connect; the funds are designed for fee-based financial advisors and investors. The funds use Provisus’ “pay for performance” fee structure: clients pay fees similar to traditional ETFs if the PTFs do not outperform an industry standard benchmark; and when the PTFs outperform, clients pay a performance fee equal to 20% of the performance above the benchmark. More information can be found at provisus.ca.
Provisus introduces nine platform-traded funds on NEO Connect
Product Watch
- By: Anne-Marie Vettorel
- Source : Investment Executive
- March 8, 2019 October 31, 2019
- 15:02