According to the wealth manager, the trust will concentrate on both traditional equities and fixed-income investments to generate the constant income.
The French asset manager has named Steve Duenkler and Parm Kalirai as the Trust co-manager, who will also act as sub-advisor to the Trust.
Sprott CEO Peter Grosskopf said, "Steve and Parm are one of the leading convertible arbitrage teams in the country. They have established an impressive long-term track record, with their strategy delivering positive monthly returns 85% of the time."
Sprott Asset Management, a wholly owned subsidiary of Sprott, helps clients in achieving ideal returns for its investors over the long-term.
