Closed-End FundsCanoe Strategic Resources Income Fund

Fund Overview

The Canoe Strategic Resources Income Fund has been created to provide investors with an actively managed portfolio comprised primarily of equity securities of issuers listed on North American stock exchanges whose prices have been positively correlated to the prices of one of the following six strategic resources: oil, natural gas, gold, silver, copper and agriculture. The Fund may also invest in ADRs and convertible securities.

Canoe Financial has retained Bob Haber of Haber Trilix Advisors, LP as the sub-advisor to the Fund. Mr. Haber brings over 25 years of portfolio management expertise, is an award winning portfolio manager and former CIO of Fidelity Investments Canada.

Bob Haber and his team of portfolio managers and analysts, tactically allocate securities among the six strategic resources within a min-max range of 5% - 25% based on supply and demand analysis and near-term price opportunities.  The team believes that selecting the right strategic resource, at the right time can enhance returns.

The Fund is positioned to take advantage of continued global urbanization and the increasing demand for resources to support the continuing demographic shift in the developing world.

Canoe Financial and Haber Trilix Advisors, LP believe that:

  Both gold and silver are an excellent hedge against inflation
  Since 2008, more people live in cities than in rural areas and this shift in the developing countries has bullish implications for oil, natural gas, copper and agriculture
  Allocation is the key: a diversified portfolio of the six strategic resources, can reduce overall portfolio risk

 

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