The North Growth Canadian Money Market Fund is a liquidity product for use only by direct investors in our equity funds.
We take a very simple approach to managing the North Growth Canadian Money Market Fund. We invest in a portfolio of high quality short term bonds. The average maturity of the portfolio is most often less than 30 days.
Our current yield is 1.59%, which is lower than many other mainstream money market funds and even short term GICs at top tier Canadian banks. In today’s low rate environment many other money market funds in Canada have extended their maturities in order to improve yields. However, we manage this fund to ensure high liquidity and have no intention to extend maturities in order to chase a few basis points.
Please contact us for more information