2013 seemed to be quite an eventful year all around. With the FED's tapering announcement, U.S. equities hitting record highs, consumer confidence increasing, unemployment rates dropping and household debt levels decreasing, the economic health of the U.S.seemed to have taken a turn for the better. This was not the case in all parts of the world as volatility continued in the Emerging Markets, high levels of debt added on in the developed world, currencies experienced big moves,economic gaps between European nations prevailed and structural/political imbalances in the East caused a complexity of issues. Please have a look at our year end letter where we elaborate on this global economic outlook and focus in on how we will position ourselves based on the investment opportunities we see arising.
There is no regulatory minimum purchase amount requirement for investments in a Fund made by investors who qualify under the Accredited Investor
Exemption. However, the minimum initial purchase amount established by the Manager for "accredited investors" is $25,000 (or such lesser amount that
the Manager may accept from time to time).
The criteria for qualification as an "accredited investor" is defined in National Instrument 45-106 of the Canadian Securities Administrators and is
set out in the Subscription Instructions of the Investment Application.
(2) Minimum Amount Exemption (not available to individuals)
The minimum amount for an initial investment in a Fund made by an investor purchasing under the Minimum Amount Exemption is $150,000 in each
province and territory.
Disclaimer: Information about the Arrow Capital Management Funds is not to be construed as a public offering of securities in any jurisdiction of
Canada. The offering of units of the Arrow Capital Management Funds is made pursuant to their respective offering memorandum only to those investors
in jurisdictions of Canada who meet certain eligibility or minimum purchase requirements. Important information about the Arrow Capital Management
Funds, including a statement of each fund's fundamental investment objective, is contained in their respective offering memorandum, a copy of which
may be obtained from your dealer. Read the applicable offering memorandum carefully before investing. Unit values and investment returns will
fluctuate.
