Labour-sponsored investment funds (LSIFs) invest in companies developing new products or markets. You can buy an LSIF from an investment firm or directly from the mutual fund company. The costs may include management fees, performance fees, sales commissions and early redemption fees.
These ventures can be risky, so consider these things if you’re thinking of buying an LSIF:
- Investments are speculative
- Your money is locked in for 8 years
- Funds can suspend redemptions without notice
- Performance is difficult to assess
Learn more about LSIFs.