The investment objective of the SciVest Market Neutral Equity Fund is to provide consistent long-term growth through capital appreciation, while maintaining virtually no long-term exposure to general movements in the global equity markets. Over the long-term, the Fund is expected to produce returns similar to equity markets (i.e., risk-free rate + 5% to 9% p.a.), with significantly less volatility risk (i.e., 8% to 10% p.a.). As a result, the Fund is expected to produce a very good risk-return ratio as a stand alone holding, and also provide material risk reduction through diversification when held within a larger investment portfolio. (Note: The SciVest Market Neutral Equity Fund became fully global in early November 2006, from being primarily North American. As such, the advisor believes that the Fund will generate higher returns AND lower volatility risk subsequent to becoming global than prior to becoming global.) |
