Mutual Funds
	What is an Offshore Mutual Fund?

What is an Offshore Mutual Fund?

Offshore mutual funds are available to any investor who is not a resident of Canada or the U.S.

The Funds are operated by an INVESTMENT COMPANY that raises money from unitholders and invests it in stock, bonds, options, futures, currencies, or money market securities. These funds offer investors the advantages of diversification and professional management.

Mutual fund units are redeemable on demand at NET ASSET VALUE by unitholders. All unitholders share equally in the gains and losses generated by the Fund.

Mutual funds come in many varieties. Some invest aggressively for capital appreciation, while others are conservative and are designed to generate income for unitholders.

Investors need to assess their tolerance for risk before they decide which fund would be appropriate for them. In addition, the timing of buying or selling depends on the outlook of the economy, the state of the stock and bond markets, interest rates and other factors.

For further information about offshore mutual funds please contact your Investment Advisor.