Home Breadcrumb caret Industry News Breadcrumb caret Industry Ninepoint launches high-interest savings fund The fund’s underlying investments have an interest rate of 2.25% By Staff | March 19, 2019 | Last updated on March 19, 2019 1 min read 123RF Toronto-based Ninepoint Partners LP has changed the investment objective of its Ninepoint Short Term Bond Fund and renamed it Ninepoint High Interest Savings Fund, the investment manager announced earlier this month. The fund’s objective is now to “maximize yield on cash balances, while providing easy access to investments with daily liquidity.” It invests in high-interest savings accounts at Schedule 1 Canadian banks. The underlying investments have an interest rate of 2.25%, though individual returns will be lower due to management fees (0.39% for Series A and 0.14% for Series F). Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo