2019 It’s Coming Danny Popescu 06/21/2019 915 Closed Good day, The alternative investment space continues to grow at a rapid rate. Pension funds worldwide continue to increase their allocations to securities which aren’t correlated to public equity and fixed income markets. Institutional and retail investors recognize the importance of diversifying portfolios by holding alternative investments such as private equity, private debt, real estate, absolute return funds, infrastructure funds, etc. Harbourfront continues to maintain exclusive access to Canada’s first multi-strategy, multi-advisor private debt pool. The pool has been successful and continues to target a 7%+ annual linear return and is approaching $300 million in assets. The Canadian asset manager responsible for this investment vehicle has also been working on a Private Real Estate Pool which will have similar characteristic including a multi-manager approach, 30-day liquidity, and registered plan eligibility. Private Real Estate differs from traditional publicly traded REITs (Real Estate Investment Trusts) as private real estate holdings don’t trade on open markets and therefore don’t experience equity-like volatility. The pool’s returns will be primarily derived from rental income generated from existing multiple portfolios of US and Canadian multi-family residential housing, employing what’s known as the “value add” approach (purchasing properties needing upgrades, rent normalization, etc.). The value add approach is a conservative investment style for the sector, as it doesn’t rely on hot real estate markets to realize returns. Given our firm’s nation-wide branch network and our specialization in alternative asset classes, the upcoming Forsyth Private Real Estate Pool will once again remain exclusive to Harbourfront’s clients. Stay tuned. Daniel Popescu CFP, CIM, FMA, FCSI President & CEO “I have prepared this commentary to give you my thoughts on various investment alternatives and considerations which may be relevant to your portfolio. This commentary reflects my opinions alone and may not reflect the views of Harbourfront Wealth Management. In expressing these opinions, I bring my best judgment and professional experience from the perspective of someone who surveys a broad range of investments. Therefore, this report should be viewed as a reflection of my informed opinions rather than analyses produced by Harbourfront Wealth Management Inc.” Disclaimer – This information transmitted is intended to provide general guidance on matters of interest for the personal use of the reader who accepts full responsibility for its use and is not to be considered a definitive analysis of the law and factual situation of any particular individual or entity. 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