Why Invest in Pender's Small Cap Opportunities Fund?

Small cap markets are inefficient

Many smaller companies are less widely followed:

• Many larger institutions don't have the analyst coverage to follow smaller businesses.
• These institutions and therefore their followers won't invest in companies below a certain level.

Small cap companies are able to build intrinsic value faster

Smaller, solid businesses with strong competitive positions often outpace the economy:

• Their size enables them to respond quickly to change.
• Once the market appreciates the intrinsic value of the business there is, in effect, a significant upward correction in the market value.

Small cap companies are therefore a good option during a recovery.

Pender has expertise in small cap tech companies

We are seeing a wealth of opportunity in this market right now. We strongly believe that the technology sector will come back into favor. Why? Government economic recovery packages are focusing on streamlining infrastructure and new technology will play a key role in these initiatives.