SAM to distribute PTF on Neo Connect

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Stone Asset Management (SAM) is to utilise the NEO Connect platform to distribute the Stone Dividend Growth Class PTF under the symbol SAMDG.

NEO Connect is accessible to all investors, asset managers and their dealers who want more efficient and lower cost transactions in assets not listed on a stock exchange.
“We are very excited to launch our first platform traded fund (PTF) on NEO’s innovative platform,” says Richard Stone, Founder and Chief Investment Officer of SAM. “The Stone Dividend Growth Class fund is an investment solution catering to the growing generational need for income with total return, and is a core fund for appropriate investors’ risk tolerance levels. Our goal is to continue expanding investment options under the SAM investment management philosophy, which is rooted in integrity and always doing the right thing for investors. We look forward to a long and mutually beneficial partnership with NEO as we execute on our strategy to launch future Stone PTFs in the months to come.”
NEO Connect allows fund manufacturers to offer product in the form of PTFs at a cost lower than Series F funds, while giving dealers and their advisors more efficient access.
“We are proud to welcome SAM to the NEO family as the eighth and newest asset manager to champion PTFs,” says Jos Schmitt, President and CEO, NEO. “Like NEO, Stone is focused on delivering exceptional client service and doing what is right for investors. With our recent expansion into the mutual fund dealer community, PTFs continue to grow in popularity with advisors because they enable greater efficiency and cost savings.”