The newly launched Canadian fund reproduces exposure to autocalls by creating a ladder put selling strategy on various equity indices.
Ninepoint Partners has launched the Ninepoint Target Income Fund in Canada. The fund, which started on 28 June, is a defensive equity income strategy that seeks similar returns to many structured notes investments while offering a diversified downside buffer. Supported by RBC Quantitative Investment Solutions (QIS), the fund leverages RBC Capital Markets’ systematic put selling strategies on multiple equity indices. The target income is six percent of the net asset value (NAV). Ou