Press Release: New Richmond Club 100 ETF
Beckett Wealth Management Corp. announces plans to launch two small-cap funds: the Richmond Club 100 ETF and the Richmond Club Blockchain ETF
November 30, 2017
Toronto, Ontario, Canada (November 30, 2017)—Beckett Wealth Management Inc. (“BWM” or the “Company”) is pleased to announce that it has executed a binding agreement with Streetwise Investors Club Inc. (Operating as the Richmond Club) for the exclusive right to launch two new actively managed index portfolios (“Richmond Club Index agreement”):
• The Richmond Club 100 ETF and
• The Richmond Club Blockchain ETF.
The Company would also like to advise that the two ETFs are expected to launch in the fourth quarter of 2018. Beckett Wealth Management will be the Advisor to the ETF and beckettbank (www.beckettbank.com) will be the subadvisor for all convertible debt loans to the 100 Richmond Club Index listed companies. The Richmond Club 100 ETF will offer investors exposure to all the companies in Richmond Club Index through a single fund which plans to purchase an average of 9% of each company. The Richmond Club Blockchain ETF fund will only invest in those Richmond Club companies that have significant exposure to the blockchain sector.
Greg Beckett, the Chartered Investment Manager responsible for selecting stocks for the Richmond Club Index, as developed a proprietary stock screening system. Of the 13,753 publicly traded companies on the North American stock exchanges, only 412 companies made it through his screen. Over the next 30-60 days, Greg will select the best 100 companies from his short list of 412 for the Richmond Club Index and the new Richmond Club 100 ETF. Companies on this short list have a $10-200 million market-cap and excellent near and five-year growth potential. Once the 100 companies have been selected, the Richmond Club Index will be capped.
“These two new ETF offerings will provide Richmond Club members and other small-cap investors with an easy to manage, low-cost way of getting exposure to the Richmond Club Index (www.richmondclub.com) which has grown by an average of 19.26% per year since its inception twelve years ago,” said Scott Barber, President of the Richmond Club.
About the Richmond Club:
The Richmond Club was created to provide its Investment Advisor members with attractive investment opportunities in companies that have excellent short and long-term growth potential that range in market-cap size from $10-200 million. Since 1999 the Club has built a trusted brand and earned the respect of its members by consistently showing them small-cap investment opportunities with an average annual growth rate of 19.26%. When a company is selected for inclusion in the Richmond Club Index:
1. It is showcased to the growing group of 653 Richmond Club, Investment Advisor, members that have an estimated $4.9 billion of micro-cap Assets Under Management. This represents an average of 25% of their portfolio which is allocated to the micro/small-cap sector.
2. This tends to cause buying from new shareholders and expand the company’s shareholder base which,
3. Increases the liquidity of its stock, making it more attractive to investors which tends to,
4. Put upward pressure on its stock price.
Average annual growth per year since inception twelve years ago (July 1, 2005)
For more information, please contact:
Greg Beckett, CIM, FCSI
Director, Retirement, Estate & Trust Strategies
Beckett Wealth Management Inc.
firstname.lastname@example.org (905) 617-4567
All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss. Past performance of the Richmond Club Index is no guarantee of future performance of the Richmond Club 100 ETF or the Richmond Club Blockchain ETF.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accept responsibility for the adequacy or accuracy of this news release.
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES