Golden Opportunities Fund leads Canadian labour fund sector in increased sales.Golden Opportunities Fund Inc. is pleased to report sales for the 2005 RRSP See Registered Retirement Savings Plan. RRSP See registered retirement savings plan (RRSP). season continued the record-breaking Adj. 1. record-breaking - surpassing any previously established record; "a record-breaking high jump"; "record-breaking crowds" best - (superlative of `good') having the most positive qualities; "the best film of the year"; "the best solution"; "the best time for trend experienced by the fund in every year since its inception. Golden Opportunities Fund achieved new fund sales of approximately $17 million, a 62 per cent increase over the same period last year of $10.5 million. This year's increase in RRSP sales takes the fund's overall capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. to approximately $62 million and a shareholder base of 10,000 Saskatchewan residents. Grant Kook, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and chairman of the fund indicates "We are extremely pleased with this year's sales results as they confirm that the market reacts to performance and is in agreement with the strategic investments we have been making." This marks the seventh consecutive RRSP season that Golden Opportunities has achieved increased sales over its previous year and the fourth consecutive year that Golden Opportunities Fund has been the No. 1-selling labour sponsored fund in Saskatchewan. Based on initial industry figures, Golden Opportunities has increased their share of the Saskatchewan labour fund market to approximately 63 per cent. "This is a continued vote of confidence by hundreds of investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and and thousands of Saskatchewan residents for the fund's philosophy of a balanced and diversified diversified (di·verˑ·s investment portfolio across Saskatchewan's leading industry sectors like oil and gas, biotechnology and value-added processing," said Kook. The regulations that govern Saskatchewan labour sponsored funds provides for a maximum annual cap on funds raised of $15 million. The government of Saskatchewan's co-operation to allow sales of Golden Opportunities Fund to exceed that cap confirms their recognition and commitment to venture capital in the province of Saskatchewan, investors choice of product, and economic impact Golden Opportunities is making in the province of Saskatchewan. Golden Opportunities Fund is Saskatchewan's first and largest provincial labour sponsored fund. The company has completed 53 investment transactions in 37 different Saskatchewan growth companies across a variety of industry sectors for diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. impacting thousands of jobs throughout Saskatchewan communities. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion