The primary objective is to outperform money market rates by taking advantage of the shape of the yield curve through to a maturity of five years. Canaccord's Independence Cash Management Portfolio has been created specifically to manage excess cash balances.

What is it designed to do? 

• The portfolio is a managed account designed to achieve above average returns on cash balances, which historically have earned less than satisfactory rates of return.

What is the portfolio comprised of? 

• Investments within the portfolio will be limited to fixed income securities of premier credits including Government of Canada, Provincial Governments and the major Canadian Banks and will have a maximum term to maturity of five years.

How is it managed?

• Portfolio Manager Alan Berge will manage the portfolio.  Alan has over 20 years experience in dealing with fixed-income investments.
• The minimum initial investment amount is $250,000, with deposits of $50,000 or more thereafter at any point in time.
• In trying to achieve above average returns, the funds in the portfolio should be invested for a minimum of six months; however, the money is always available within three business days.