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Monday, August 25, 2008

A Dragon's New Fund: O'Leary Global Equity Income Fund (TSX:OGE.UN)


Some how, I missed the IPO offering and release of one of my favorite Business icon's, Kevin O'Leary. After discovering the fund today, I am very excited and pleased with the results of this new fund. The fund is in fact an Income Trust, and although Canadian Income Trusts have significantly lost their luster in the past 3 years, I still find them to be a solid investment as they have proven themselves to be very stable and low risk. The O'Leary Global Equity Income Fund is comprised of primarily global investment opportunities directed by Stanton Asset Management as well as the O'Leary Fund Corp. Both of the aforesaid parties will manage the fund by identifying international income-generating investments, as well as other capital appreciation opportunities. The security currently trades in the $12-14 range and can be found on the TSX under OGE.UN. Released August 19, 2008

Looking forward to tracking the growth of this new fund.

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