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PICTON Multi-Strategy Alternative Fund
PFMS (PICTON Multi-Strategy Alternative Fund) is an active Canadian Equity ETF by PICTON. With a 0.95% MER, it provides diversified exposure.
PFMS is actively managed by PICTON's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.95% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
It can be held in a TFSA, RRSP, or non-registered account depending on your investment strategy.