Following anecdotal feedback that many of JUST’s 45,000 members were unaware of the upcoming successor fund transfer, an explanatory letter was sent to all of them last month, and this will be followed by more detailed information – in what Noonan said would amount to a product disclosure statement for the new fund – in May.
01/03/2008
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Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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